Market Cap
$2,664,360.0
Fully Diluted Valuation
$2,660,266.9
24 Hour Trading Vol
$436,929.0
Circulating Supply
1,132,028.5
Total Supply
1,132,028.5
Max Supply
∞
Wrapped XRP (Universal) Price
$2.35
24h Range
$2.35 - $2.35
Percent Change 1h
1.1%
Percent Change 24h
-1.17%
Percent Change 7d
-0.84%
All-time high
$4.32
All-time low
$0.873
1D
7D
1M
1Y
All
Wrapped XRP (Universal) (UXRP) is a token that represents XRP on other blockchain networks, such as Ethereum. It allows XRP holders to utilize their assets in decentralized finance (DeFi) applications and platforms that primarily operate on Ethereum. By wrapping XRP, users can maintain the value of their holdings while accessing the benefits of various DeFi protocols, including lending, borrowing, and trading. UXRP is pegged 1:1 to XRP, meaning that each UXRP token corresponds to one XRP held in reserve, ensuring liquidity and stability.
The Wrapped XRP (Universal) project was initiated by a team of developers and blockchain enthusiasts who aim to enhance the interoperability of XRP with other blockchain ecosystems. While specific individuals may not be widely publicized, the project is generally supported by a community of developers and contributors who have experience in blockchain technology and financial services. The community-driven nature of Wrapped tokens means that various stakeholders, including the XRPL (XRP Ledger) community and DeFi enthusiasts, play a role in its development and governance.
Wrapped XRP (UXRP) operates through a smart contract mechanism that allows XRP to be converted to UXRP and vice versa. When a user wants to wrap their XRP, they send their coins to a smart contract address, which then issues an equivalent amount of UXRP tokens on the Ethereum blockchain. This process typically involves the following steps:
This wrapping and unwrapping process ensures that UXRP maintains its value and is fully backed by the XRP held in reserve, thereby providing a seamless bridge between the XRP Ledger and other blockchain networks.
Wrapped XRP (Universal) has several practical use cases that enhance the utility of XRP within the DeFi sector:
Ensuring the safety of your Wrapped XRP (UXRP) involves several best practices:
By following these guidelines, users can significantly reduce the risks associated with holding and using Wrapped XRP (Universal) safely.
Investing in Wrapped XRP (Universal) (UXRP) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Wrapped XRP (Universal): Once your account is funded, you can purchase Wrapped XRP (Universal) directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Wrapped XRP (Universal) using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Wrapped XRP (Universal) (UXRP) is currently trading at $2.35 and exhibits good potential for future growth. Check the latest Wrapped XRP (Universal) (UXRP) price prediction.
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