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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Why is it said that RAM has risen from 0.016 to today's 1.3, a 70-fold increase, after it stopped expanding on December 16, 2023, and it is still in the early stage? RAM will continue to rise?
First, the rigid demand application scenarios for RAM will explode, and the current largest use case is exSat, which is the BTC L2 docking layer that will be launched at the end of July. The product positioning is unique, utilizing decentralized RAM to realize the data availability layer (DA) and index. This will permanently occupy at least 120G of memory. The foundation and labs currently hold RAM that far from supporting this demand and will continue to purchase RAM in the market.
Second, EOS's new economic model is built around RAM as its core, with the aim of attracting a huge amount of EOS into RAM through the ecological explosion of RAM, generating a wealth effect, while also significantly reducing the circulating supply of EOS. Under the new economic model, the foundation and labs will invest 350 million EOS into RAM, with specific plans: 35 million will be used to purchase RAM from the system Bancor pool, and 3.15 billion EOS will be allocated to professional market makers to acquire RAM from the Bancor mining pool and the public market, and develop a new RAM market.
Through the input of the foundation and the leveraged entry of EOS users into the RAM pool, it is conservatively estimated to reach 300 million, and the corresponding RAM price will reach 50. Currently, the RAM pool only has 45 million, accounting for 2% of the circulation, which is still in the early stage.
Thirdly, the RAM staking business will go live in early July, and stakers will receive EOS or BTC earnings. At that time, there will be a large number of RAM holders participating in the staking business, and the actual circulation of RAM will become very small, maintaining a steady rise in price. The new Rex staking plan will also attract EOS to enter REX. This means that EOS has entered the era of deflation.
EOS in the new economic model has already obtained the opportunity for rebirth. Whether it can be achieved or not depends on whether the foundation and Labs can solidly implement the plan of the new model. In the short term, the impact on the price of EOS will not be immediate, but as the RAM ecosystem and stake business develop, the value return of EOS will definitely be reflected in the coin price.
Many people who criticize EOS and RAM do not understand the internal logic of the new economic model of EOS. Survival in the crypto world requires an open mindset to embrace change, rather than stubbornly holding on to old beliefs.