What $10,000 per XRP Means
While these projections are enticing, these ambitious market commentators often overlook the market cap implications of such a projection.
For context, the price of XRP is currently $3.10, with a market cap of $177 billion. For the third-largest crypto asset to reach $10,000 per token, its price must soar by 322,481% from its current value.
Moreover, this extraordinary price surge would put XRP’s market cap at $576.4 trillion, a hypothetical aspiration. To put this in perspective, global wealth is estimated at $454 trillion.
Essentially, should XRP alone control a market cap of $576 trillion, it raises the question of what global wealth would look like, or even the wealth of gold and Bitcoin, which are several times larger than XRP.