XRP circulation of 57 billion, can it rise to 100, 300, or even 500 dollars?
This token, XRP, has a circulation of 57 billion, and everyone is wondering if it can surge to 100, 300, or even 500 dollars?
XRP has always been a hot topic for price surges, but many people are skeptical given the current supply.
In the cryptocurrency industry, there are plenty of stories about overnight wealth. XRP was once very strong, rising from 0.13 dollars in January 2017 to 3.3 dollars in March 2018, an increase of over 100,000 times! Back then, an investment of 1000 dollars could quickly turn into 1.1 million.
XRP was so powerful before, and both new investors and old holders are hoping it can be hot again, especially with everyone eyeing those bold price predictions. A person named Armando Pantoja said last month that XRP could rise to 100 dollars. Some say it could reach 300 to 500 dollars. However, many also feel these predictions are unreliable, considering the supply.
Currently, there are 57.1 billion XRP tokens in circulation, with an additional 200 million being added each month. With this amount, XRP's market cap is already 140 billion dollars, ranking third in the cryptocurrency market.
Let's do the math; if XRP returns to its historical high price of 3.3 dollars, the market cap would need to be 189 billion dollars. If it rises to 6 dollars, that would be 342.6 billion dollars, and at 11 dollars, it would be 628 billion dollars, even more impressive than Ethereum now!
However, to reach 100 dollars, the market cap would need to be 5.7 trillion dollars, while the entire cryptocurrency market is currently only 3.63 trillion dollars. At 300 dollars, it would need to be 17.13 trillion dollars, nearly equivalent to gold. At 500 dollars? That would require 28.5 trillion dollars, higher than the market cap of any single asset in history!
Can XRP rise to 100, 300, or 500 dollars? To be honest, it seems a bit difficult right now, unless there are major market changes. However, small targets like 6 dollars and 11 dollars are still possible.
Changelly's analysts mentioned that XRP might reach those high prices in a few decades.
They believe that next year, XRP might drop below 1 dollar, but then it will soar. They predict that by 2040, XRP could reach 100 or 300 dollars,
As for the future direction, I will guide everyone to aim for lucrative opportunities in altcoins, especially those with great potential, with an expected growth space of over 10 times. If you want to make big money in a bull market, like and comment, and I'll take you through the entire bull market!
