XRP circulation of 57 billion, can it rise to $100, $300, or even $500?
XRP, this token, has a circulation of 57 billion, and everyone is wondering if it can rise to $100, $300, or even $500?
XRP has always been a hot topic for price surges, but many people are skeptical given the current supply.
In the cryptocurrency world, there are plenty of stories about getting rich overnight. XRP used to be quite powerful, soaring from 0.13 yuan in January 2017 to 3.3 yuan in March 2018, an increase of over 100,000 times! At that time, an investment of 1,000 yuan could turn into 1.1 million in the blink of an eye.
XRP was once so strong, both new investors and long-term holders are hoping it can catch fire again, especially now that everyone's eyeing those bold price predictions. A person named Armando Pantoja said last month that XRP could rise to $100. Others are even bolder, saying it could reach $300 to $500. However, many people feel these predictions are unreliable, given the supply.
Currently, there are 57.1 billion circulating XRP tokens, with an additional 200 million being added each month. With this, XRP's market value has already reached $140 billion, ranking third in the cryptocurrency market.
Let’s do the math: if XRP returns to its historical high price of $3.3, the market value would need to be $189 billion. If it rises to $6, that would be $342.6 billion, and at $11, it would be $628 billion, better than Ethereum now!
However, to reach $100, the market value would need to be $5.7 trillion, while the entire cryptocurrency market is currently only $3.63 trillion. At $300, it would require $17.13 trillion, which is similar to gold. At $500? That would mean $28.5 trillion, surpassing the market value of any single asset in history!
Can XRP rise to $100, $300, or $500? To be honest, it seems a bit difficult at the moment, unless there is a major change in the market. However, small targets like $6 and $11 are still possible.
Changelly's analysts have mentioned that XRP might reach those high prices decades later.
They believe XRP might drop below $1 next year, but then it will surge. They predict that by 2040, XRP could reach $100 or $300.
As for the next strategic direction, I will guide everyone to target the lucrative opportunities in altcoins, especially those with great potential, where an expected increase of over 10 times is very feasible. If you want to make big money in a bull market, like and comment, and I will take you through the entire bull market!
