Recently, someone asked if XRP can rise to $100, $300, or $500, especially since it currently has 57 billion in circulation.
In the cryptocurrency market, investors can often go from small-scale operations to millionaires overnight. XRP once had such glory; in January 2017, it was only $0.003, and by January 2018, it skyrocketed to $3.31.
This wave rose by 109,899%, just thinking about it is exciting. If someone had invested $1,000 to buy XRP back then, they would have made a fortune; it could turn into $1.1 million within a year.
XRP's historical performance is optimistic
XRP was so powerful before, and new investors must be hoping it can ignite again, especially now that everyone has such high expectations for its price. Older investors might also want to relive the glory of the past.
Everyone is so optimistic, naturally, some have set high price targets for XRP. A market observer mentioned last month that XRP reaching $100 is not a dream. Some even think it could rise to $300 to $500. However, many believe these targets are too high, given the large circulation.
Currently, XRP has a circulation of 57.1 billion, with an additional 200 million issued every month, priced at $2.45, with a market cap of $140 billion, making it the third-largest crypto asset in the market.
Market capitalization at different price targets
If XRP can return to its historical peak of $3.31, the market cap would be $189 billion. If it rises to a more realistic $6, the market cap would be $342.6 billion. If it rises to $11, the market cap would be $628 billion, which is higher than the current Ethereum but still reasonable.
However, for XRP to reach $100, the market cap would need to be $5.7 trillion, which is significantly higher than the current global cryptocurrency market cap of $3.63 trillion. If it reaches $300, the market cap would need to be $17.13 trillion, almost catching up to gold's $17.9 trillion. Gold is the largest asset by market cap in the world.
The target of $500 is even harder, requiring a market cap of $28.5 trillion. This would be the highest record for a single asset's market cap in modern times.
Can XRP reach $100, $300, and $500?
Based on the current market situation, it may be difficult for XRP to rise to $100, $300, and $500 unless there is a significant change in market conditions. However, small targets like $6 and $11 are still achievable.
Despite the challenges, Changelly's analysts believe that XRP has the potential to reach these high price targets in the coming decades. They predict that XRP might drop below $1 next year, but then experience a significant increase.
They believe that by 2040, XRP could rise to $100 and $300, and by 2050, which is 26 years later, it could reach $500.
In the next strategic direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with high potential projects, expecting a growth space of more than ten times is not a problem. If you want to make big money in a bull market, like and comment, and I will take you to layout the entire bull market!