Ripple Shares May Reach $140,000 After IPO – Predicts WallStreet Analyst
The post Ripple Shares May Reach $140,000 After IPO – Predicts WallStreet Analyst appeared first on Coinpedia Fintech News
The Ripple victory over SEC has paved the way for the company to expand and get back its lost stability. The company is engaged with new ventures to streamline its star feature of cross-border payment. And the Mastercard deal is the icing on the cake. Not only that Ripple is riding high with its native token XRP gaining positive sentiments from the crypto space despite the recent decline. The boost in XRP coin price reached a high at $0.94, almost reaching $1, and the XRP price today is $0.51.
Jones’s Bullish Theory on Ripple: Turning $10,000 into $140,000?
Recently, Wall Street expert Linda Jones revealed that investing in Ripple shares now, priced at around $40 before its potential Initial Public Offering (IPO) is a strategic move. Despite the current share price, she urges investors to look beyond the present and consider Ripple’s underlying value, which she estimates to be approximately $6.6 billion.
Interesting IPO Valuation discussion by @LindaPJones @linqtoinc investor meetup. XRP Zero value on the @ripple balance sheet currently Will it be factored in an IPO? pic.twitter.com/2YuIHdPDDl
— Digital Asset Investor.XRP (@digitalassetbuy) August 31, 2023
Jones asserts that Ripple holds significant growth potential in the upcoming years, drawing a parallel with Coinbase, a US-based cryptocurrency exchange, which went public with a staggering $86 billion valuation.
Drawing Parallel with Coinbase, Buy Now, Ripe Later
Since Ripple’s current valuation stands at least ten times lower than Coinbase’s, Jones suggests that individuals who purchase Ripple shares today could potentially witness a more than 10x increase in their initial investment. She offers an example to illustrate this point: if an investor allocates $10,000 to Ripple now, this investment could potentially grow to $100,000, even if Ripple doesn’t surpass Coinbase’s performance.
Future Impact?
What makes it interesting is the distinctive accounting practice. Currently, Ripple assigns zero value to its XRP assets on its balance sheet. On this, Jones argues that if Ripple were to fix a value to its XRP holdings at the current price of $0.5 or based on its previous high of approximately $3.84, the growth potential would be substantial.
Simply, a $10,000 investment in Ripple might earn an impressive return on investment (ROI) of $140,000, assuming Ripple follows a similar trajectory as Coinbase. However, it’s important to remember that investing in stocks always carries a degree of risk, and past performance is not necessarily indicative of future results.
Filed under: Bitcoin - @ September 1, 2023 1:17 pm