š„ Hereās $XRP Price if Total Crypto Market Cap Hits $12 Trillionā”šŖļø
$XRP price could push toward its all-time high if it maintains its dominance at a global crypto market cap of $12 trillion.
šø The global #crypto market capitalization has grown since the launch of the premier crypto asset Bitcoin. This impressive growth is due to two factors: the launch of new assets bringing additional capital to the market, and the increase in the prices of existing ones as a result of new capital flowing into them.
š¹ The Global Crypto Market Cap
Market data confirms that the global crypto market cap collapsed to a low of $2.12 billion in February 2015. However, as at January 2018, the market had grown to $761 billion. Following years of upswings and declines, the global crypto market cap now stands at $2.098 trillion.
Meanwhile, XRPās market cap, which continued to grow alongside the rest of the crypto market from 2014 to 2018, suddenly dipped due to price challenges. XRPās market cap rose to $128.48 billion in January 2018, bringing XRPās market dominance near 18%.
šø Nonetheless, as the crypto market grows, while $XRP underperforms, XRPās market dominance now sits at 1.57% amid a market cap of $33 billion. However, it appears XRP has continued to pick up the pace now that it is rid of its regulatory challenges.
š¹ XRP Price if Crypto Market Cap Hits $12T
If XRP maintains this market dominance, its price could reach unprecedented levels when the global crypto market grows bigger. But, in such a scenario, how far XRP price could go would depend on the growth extent of the broader market. Industry commentators have set varying targets.šŖļøšŖ
š¹ For instance, the Ripple #CEO Brad Garlinghouse projected that the global crypto market could hit $5 trillion by the end of the year. Interestingly, Cardano Bull Dan Gambardello recently asserted that the market could grow to the $12 trillion mark by 2026.
