Ripple Introduces AMMs To XRPL, But Is This Good Or Bad For XRP Price
16 Novembro 2023 - 9:05PM
NEWSBTC
Ripple Labs has announced plans to integrate Automated Market
Makers (AMMs) into the XRP ledger. The decision has left the XRP
community feeling uneasy, as they ponder the potential long-term
effects of AMMs on the XRP price. AMMs To Be Integrated Into
XRP Ledger Ripple, a global payments network provider has stated
its intentions to incorporate AMMs into the XRP Ledger to help
improve liquidity. The introduction of AMMs into the XRP Ledger is
expected to further develop the Ripple ecosystem by providing
enhanced trading efficiency and liquidity. The initiative also
aligns with Ripple’s efforts to continue to optimize and innovate
its blockchain infrastructure and network. Related Reading:
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Holders? Although the announcement has been met with skepticism by
the XRP community and the broader crypto space, Ripple has stated
its desire to push forward its plans, looking at the bigger picture
and potential success of AMMs in the ecosystem. Many crypto
community members have expressed their concerns about the impacts
of AMMs integrated into XRPL. Some members believe that the XRP
price may be affected and cause the token to become stable. Other
members have welcomed the announcement with enthusiasm,
anticipating the positive effects the initiative would have on the
Ripple ecosystem. An XRP community member and co-founder of
Anodos Finance, Panos addressed concerns regarding the potential
effect of AMMs on XRP’s price. He stated that AMMs could increase
buying pressure and liquidity on XRP while also improving its
efficiency and adoption. “XRPL AMM will potentially add
buying pressure on XRP as a significant number is expected to be
locked on the AMM, which will also increase the liquidity of XRP
and will attract even more traders and will make XRP more efficient
for more use cases,” Panos stated. Bulls struggle to maintain
control of price | Source: XRPUSD on Tradingview.com Community
Probes Impact Of AMMs On XRP Price Following the announcement of
AMMs being introduced into the XRP Ledger, an X (formerly Twitter)
influencer, Digital Perspectives PermaBull sparked a series of
heated discussions in the XRP community regarding the effects of an
AMM on XRP’s value. The X influencer asked a series of
controversial questions to the crypto community. One of the
questions was if the introduction of AMMs and regulations
established by the Bank for International Settlements (BIS) would
end up transforming XRP into a stablecoin in the future. “Are
we watching XRP become a Stablecoin with the introduction of AMMs
and the Prudential Treatment requirements from the BIS?” the X
influencer stated. Related Reading: Lido DAO (LDO) New
All-Time High? One Analyst’s Perfect Setup To $37 He added,
“XLS-30D passes and AMMs become an integral part of the XRPL, will
it change the Characteristics of XRP and qualify as a Group 1b
Asset for BIS and other Banks?” In response to the growing
concerns, XRPL advocate Panos reassured community members who had
begun worrying about the potential impacts of AMMs on XRP. Panos
affirmed that the fundamental characteristics of XRP would never
change even with the inclusion of an AMM. “The
characteristics of XRP can NEVER change. It will always remain the
native coin of the XRP Ledger, a decentralized digital asset that
anyone can trade freely. XRP can never become a stablecoin for that
reason, it’s technically not possible and makes no sense
whatsoever,” Panos stated. Featured image from CoinGape, chart from
Tradingview.com
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