Expert Says XRP Can 100X To $49.18: Here’s How
The post Expert Says XRP Can 100X To $49.18: Here’s How appeared on BitcoinEthereumNews.com.
Nick, a widely followed researcher and founder of TheWeb3Alert, explains how XRP may witness a 100X that drives its value to $49. Over the past few days, XRP has maintained a stable price below the psychological $0.50 threshold. After reaching an intraday high of $0.4949, XRP bottomed out at $0.48 before closing slightly above this level. At press time, XRP hovers around $0.4869, reflecting a 1.88% increase over the past week. Meanwhile, the asset has lost over 8.7% in the past 30 days and a cumulative 5.5% decline over the past year. Regardless of this unsavory performance, optimistic voices in the community remain confident about XRP’s prospect for up to 100X growth. Nick, the founder of TheWeb3Alert, recently echoed this sentiment in an analysis on X. Can $XRP 100x??#XRP #Crypto #Cryptocurrency #Ripple #Altcoins pic.twitter.com/vOoctgXqfK — Nick | Crypto Crusader (@NCashOfficial) June 20, 2024 How XRP May Attain 100X Growth First, he threw open an inquiry concerning the feasibility of XRP achieving a 10,000% gain from its current price. In answering the question, Nick urged consideration of the vast sums of money in global markets, valued in the quadrillions of dollars. He noted that some individual markets are worth up to $600 trillion. He cited a 2021 World Economic Forum statement suggesting blockchain could disrupt an $867 trillion market through tokenization. Furthermore, Nick referenced a more recent study indicating that institutions are increasingly interested in tokenizing tangible assets on the blockchain. Accordingly, he suggested that if large sums of money begin to flow on-chain and XRP handles just 1% of that volume, achieving trillion-dollar valuations like Apple, Microsoft, Nvidia, and Google could be feasible for XRP. Based on this speculation, Nick noted that such trillion-dollar valuations would translate to a 100X increase from XRP’s current price. Indeed, a 100X growth, or…
Filed under: News - @ June 22, 2024 12:10 pm