{"id":33613,"date":"2024-12-16T12:25:00","date_gmt":"2024-12-16T09:25:00","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=33613"},"modified":"2024-12-16T12:25:00","modified_gmt":"2024-12-16T09:25:00","slug":"ripple-warned-dont-get-fomo","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ripple-warned-dont-get-fomo\/","title":{"rendered":"Ripple Warned: Don&#8217;t Get FOMO!"},"content":{"rendered":"<p><strong><a href=\"https:\/\/coinengineer.net\/blog\/?s=ripple+\">Ripple<\/a><\/strong> chief technology officer David Schwartz made important statements about RippleUSD (RLUSD), Ripple&#8217;s new stablecoin indexed to the US Dollar. Schwartz stated that in the early days of the launch of RLUSD, there may be volatility in the market due to lack of supply and warned investors \u2018Don&#8217;t get caught up in FOMO\u2019.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/ripple-warned-dont-get-fomo\/#High_Volatility_Expected_at_the_Launch_of_RLUSD\" title=\"High Volatility Expected at the Launch of RLUSD\">High Volatility Expected at the Launch of RLUSD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/ripple-warned-dont-get-fomo\/#%E2%80%98Price_will_stabilise_in_a_short_time\" title=\"\u2018Price will stabilise in a short time\u2019\">\u2018Price will stabilise in a short time\u2019<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/ripple-warned-dont-get-fomo\/#He_also_warned_investors_not_to_rush_into_RLUSD\" title=\"He also warned investors not to rush into RLUSD:\">He also warned investors not to rush into RLUSD:<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"High_Volatility_Expected_at_the_Launch_of_RLUSD\"><\/span>High Volatility Expected at the Launch of RLUSD<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In a post on 15 December, Schwartz stated that the launch of RLUSD will result in a large volume of transactions, which could lead to price fluctuations. Although the stablecoin is designed to be pegged to the US Dollar at a 1:1 ratio, high initial demand may temporarily increase its value.<\/p>\n<p>Referring to a wallet post on social media showing that RLUSD is equivalent to about 511 XRP, Schwartz said this is an artificial pre-launch price increase. This currently corresponds to $ 1,244 by market capitalisation. \u2018Someone seems to want the honour of buying the first RLUSD to hit the market,\u2019 Schwartz commented.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E2%80%98Price_will_stabilise_in_a_short_time\"><\/span>\u2018Price will stabilise in a short time\u2019<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Schwartz stated that the price will quickly stabilise after the launch and return to dollar parity:<\/p>\n<p>\u2018The price will stabilise very close to the $1 level. If this does not happen, there is a serious problem.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"He_also_warned_investors_not_to_rush_into_RLUSD\"><\/span>He also warned investors not to rush into RLUSD:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u2018Please don&#8217;t FOMO into a stablecoin! This is not an opportunity to get rich.\u2019<\/p>\n<p>Ripple CEO Brad Garlinghouse announced on 11 December that the launch of RLUSD received approval from the New York Department of Financial Services. It was also shared from the official Ripple account that Stablecoin will be released soon.<\/p>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple chief technology officer David Schwartz made important statements about RippleUSD (RLUSD), Ripple&#8217;s new stablecoin indexed to the US Dollar. Schwartz stated that in the early days of the launch of RLUSD, there may be volatility in the market due to lack of supply and warned investors \u2018Don&#8217;t get caught up in FOMO\u2019. High Volatility<\/p>\n","protected":false},"author":6,"featured_media":33614,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[509,10136,506],"class_list":["post-33613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-ripple","tag-rippleusd","tag-xrp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ripple Warned: Don&#039;t Get FOMO! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/ripple-warned-dont-get-fomo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple Warned: Don&#039;t Get FOMO! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Ripple chief technology officer David Schwartz made important statements about RippleUSD (RLUSD), Ripple&#8217;s new stablecoin indexed to the US Dollar. 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