XRP Price Rally: Is a $100 Value Within Reach?
The post XRP Price Rally: Is a $100 Value Within Reach? appeared first on Coinpedia Fintech News
Is XRP gearing up for a rebound, or might it continue to drop back to its pre-ruling levels? This question has been widely discussed by experts ever since the recent decision stating that XRP is not a security-injected new energy into the cryptocurrency world. When the ruling came out on July 13, XRP’s price shot up by 97.1% to nearly $0.85. Now, it’s hanging around $0.70 as it takes a breather.
While lots of experts have guessed that XRP could be worth anywhere from $1 to $10, Crypto Crusader took to his Twitter handle and noted how some folks easily imagine Bitcoin hitting $500,000 or even $1 million, while doubts arise about XRP reaching $100.
I find it funny how people are so accepting of the idea that $BTC is going to $500K or $1M in the future, but can’t see a $100 $XRP being possible.
You see the problem here, right? At $500K for Bitcoin, its marketcap would be $10.5T
Now do the math for #XRP at a $10.5T…
— Nick | Crypto Crusader (@NCashOfficial) August 9, 2023
According to him, this contrast begs the question: What lies at the heart of this disparity? At a valuation of $500,000 per Bitcoin, the cryptocurrency’s market capitalization would surge to an astounding $10.5 trillion.
He added, “Maybe I am wrong, and I will accept that, but it doesn’t hurt holding a solid percentage of your XRP for the unknown future ahead. Profits should be taken, investments should be derisked, but ultimately a moon bag should always be kept.”
Shannon Thorp, who works at Wells Fargo, thinks XRP could go up a lot, maybe from $100 to $500. She said this in a long tweet and she believes there might be a surge in XRP’s value in the next two to seven months, but it could be a short-term thing according to her analysis. If XRP does reach $100 to $500 in the next four to seven months, its strength in the market could grow a lot. It might be worth between $5 trillion and $25 trillion.
Filed under: Bitcoin - @ August 10, 2023 6:00 am