Can XRP rise to $500? Dreams versus reality
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The crypto market often brings unexpected surprises, such as XRP, which was just $0.003 in early 2017 and skyrocketed to $3.31 in 2018, increasing nearly 110,000 times in just one year. If someone had invested $1,000 at that time, they would be a millionaire now. This history has kept many investors hopeful for XRP.
Does XRP need to rise to $500? Market capitalization is key.
Currently, the circulating supply of XRP is as high as 57.1 billion coins, with approximately 20 million new coins added each month. The current price is around $2.45, giving it a market cap of about $140 billion, ranking third in the market.
The market cap calculations at different price targets are as follows:
$3.31 (historic peak): Market cap of about $189 billion
$6: Market cap reaches $342.6 billion
$11: About $628 billion, surpassing the current market cap of Ethereum
$100: Market cap of approximately $5.7 trillion, far exceeding the current total market cap of the global crypto market
$300: Requires $17.13 trillion, approaching the total market cap of gold
$500: Market cap soars to $28.5 trillion, unprecedented
Challenges and hopes in reality
For XRP to reach $100 or even $500, the global market must undergo significant changes, such as a massive surge in crypto market cap and XRP becoming a mainstream payment tool. However, targets of $6 or $11, considering historical performance and market cycles, still have a certain level of possibility.
Changelly analysts believe that it is challenging for XRP to reach these high levels in the short term, but in the coming decades, especially between 2040-2050, if XRP sees widespread adoption, the price could potentially reach between $100 to $500.
Although the long-term vision for XRP is full of challenges, the surprises in the crypto market always keep people hopeful, after all, it has created miracles before.
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