Bitcoin soared from $2 in 2012 to $1200 by 2014, sparking comparisons to XRP.
XRP needs a $120 trillion market cap to hit $1200, equaling 93% of global fiat currency.
Experts cite adoption and market dynamics as key to XRP’s long-term price growth.
Inspired by Bitcoin’s surge from $2 to $1200 in just two years, a market analyst’s question has sparked debate: Could XRP replicate this extraordinary feat? While proponents point to XRP’s potential, skeptics argue that a $1200 price target for XRP faces significant hurdles.
#Bitcoin went from $2 in 2012 to $1200 in 2014
What's stopping #XRP from doing the same? pic.twitter.com/obIUfN5IoL
— STEPH IS CRYPTO (@Steph_iscrypto) December 22, 2024
Market analyst Steph’s latest tweet triggered discussions, noting the striking similarities in price trends between Bitcoin and XRP, asking, “What’s stopping XRP from reaching $1200?” Some found the comparison compelling; others, however, countered by highlighting the significant difference in market capitalization between the two cryptocurrencies.
Critics felt that XRP’s surge to $1200 is an unrealistic prediction, considering that it would require a market …
The post Is XRP the Next Bitcoin? Analyst Sparks Debate on $1200 Price Potential appeared first on Coin Edition.
