Crypto Market Eyes $5T
Ripple CEO Brad Garlinghouse remained optimistic about the crypto market in 2024, predicting it would surpass $5 trillion by year-end. At the time, with the market already up 60% to $2.6 trillion, Garlinghouse attributed the growth to macro factors like the upcoming Bitcoin halving and the launch of spot Bitcoin ETFs, which were attracting institutional investors. He also highlighted the potential for positive regulatory momentum in the US as a key factor for further growth.
Egrag, a crypto trader, has shared an analysis, suggesting that $XRP could achieve 10% to 20% market dominance in the cryptocurrency industry. He believes the price could increase by over 600% to $8 if the total crypto market cap surpasses $5 trillion, as Ripple’s CEO has predicted.
