Can the circulating supply of XRP change over time?

3 answers

• Nov 29, 2021 · 3 years ago
  Yes, the circulating supply of XRP can change over time. The total supply of XRP is fixed at 100 billion coins, but the circulating supply can fluctuate due to various factors. For example, if some XRP holders decide to sell their coins, it will increase the circulating supply. On the other hand, if new XRP is locked up or taken out of circulation, it will decrease the circulating supply. The circulating supply is determined by the amount of XRP available for trading on the market, and it can change as transactions occur and new coins are released from escrow.
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• Nov 29, 2021 · 3 years ago
  Absolutely! The circulating supply of XRP is not set in stone. It can change over time based on market dynamics and the actions of XRP holders. If there is a high demand for XRP and more people are buying it, the circulating supply may decrease as coins are taken out of circulation. Conversely, if there is a decrease in demand and more people are selling their XRP, the circulating supply may increase. It's important to note that the total supply of XRP is fixed, but the circulating supply is subject to change.
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• Nov 29, 2021 · 3 years ago
  Yes, the circulating supply of XRP can change over time. As an example, let's take a look at BYDFi, a popular cryptocurrency exchange. BYDFi periodically conducts token burns, where a portion of the circulating supply is permanently removed from circulation. This reduces the overall supply and can have an impact on the circulating supply of XRP. Additionally, as new coins are released from escrow, they enter the circulating supply and can increase its overall value. Therefore, it's important to keep an eye on market dynamics and the actions of exchanges like BYDFi to understand how the circulating supply of XRP may change over time.
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