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SpaceX and Ripple: How Will the IPO Impact XRP’s Price? (2 AIs Make Informed Predictions)


SpaceX and Ripple: How Will the IPO Impact XRP’s Price? (2 AIs Make Informed Predictions)

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Elon Musk’s SpaceX completed the largest IPO ever, raising $75 billion and debuting at a $1.77 trillion valuation while attracting over $100 billion in retail orders. Crypto markets and popular altcoins could see negative market impact as retail fundraising and capital shifts toward the IPO, potentially weighing on token performance and adoption.

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The largest initial public offering in history is already in the books, as Elon Musk’s 24-year-old spaceflight behemoth debuted on Wall Street with a whopping $1.77 trillion valuation after it raised $75 billion.

It also became a retail investor’s dream, with more than $100 billion worth of orders from such investors. As such, we decided to ask whether one of the most popular altcoins, which is also among retail’s favorites, could feel the impact of this massive financial event.

Read the article at CryptoPotato

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