Ripple’s $40 billion valuation
XRP has increased by 2.9% to trade at $2.34 following Ripple’s successful $500 million funding round, which values the company at $40 billion. The funding round and the acquisition of crypto custody firm Palisade have contributed to a rise in institutional confidence in the cryptocurrency. Ripple’s valuation reflects growing interest and investment in its operations and technology. The acquisition of Palisade is seen as a strategic move to enhance Ripple’s offerings in the crypto custody space, further solidifying its position in the market.
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