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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
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📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
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4. Submissions must be original and comply with community guidelines. Plagiarism or re
In the world of Crypto Assets, XRP is undoubtedly a highly controversial presence, with evaluations showing extreme polarization. This project, which claims to be the "second in the encryption world," has experienced a rollercoaster ride from peak to trough and then to a resurgence.
During the peak of the bull market in 2017, XRP was once a shining star, with its market value surpassing Ethereum at one point. Its founder, Chris Larsen, even had a fortune exceeding that of Google's founders, earning him the title of "potential world richest" from the media. However, the good times didn't last long; within just a few months, the price of XRP fell by 90%, and it faced the blow of being delisted from Coinbase, quickly becoming the outcast of the crypto circle.
But as time passed, the situation changed once again. After 2024, the political landscape in the United States underwent dramatic changes, and the crypto assets policy became more lenient. XRP unexpectedly turned the tide after a long tug-of-war with the SEC, becoming part of the new government's "digital asset reserve." This series of events made Ripple and XRP the focus of market attention once again.
So, what exactly is XRP? And who is Ripple Labs?
XRP, also known as "Ripple coin", is a Crypto Asset issued by Ripple Labs. However, the concept of Ripple can be traced back to 2004.
The original founder Ryan Fugger was a developer from Canada. He keenly observed that the financial system at the time was extremely unfriendly to cash income groups. Even if a person had a stable income and good credit, they could face difficulties in obtaining loans simply due to a lack of bank statements.
To solve this problem, Fugger proposed an innovative concept: "RipplePay" - a payment system built on the foundation of a social trust network. This concept laid the groundwork for the later birth of XRP and initiated an attempt to reform the traditional financial system.
The development history of XRP fully reflects the volatility and unpredictability of the Crypto Assets market. From a former star project to a highly questioned controversial focus, and then to regaining recognition, the ups and downs of XRP mirror the development trajectory of the entire Crypto Assets industry. With changes in the regulatory environment and continuous technological innovation, the future direction of XRP remains full of uncertainties and possibilities.