Crypto analyst calls Ripple the next Amazon and Facebook despite XRP's poor performance

A crypto specialist predicts Ripple will be the next Amazon or Facebook-like high-value corporation. This forecast comes as XRP struggles amid market volatility and Ripple's SEC lawsuit.

Analyst Expects Ripple To Be Billion-Dollar Startup
The AllinCrypto YouTube channel host has posted a video highlighting Ripple's potential to become a billion-dollar enterprise. The analyst believes the US will accept Ripple as a “unicorn company” like Amazon, Apple, Facebook, and Microsoft.


The expert also said Ripple was growing like these prominent enterprises that had boosted the US economy. He based his estimates on the crypto payment's stablecoin intentions, showing how US treasury members recognize stablecoins' economic relevance.

The crypto expert presented a Wall Street Journal piece on how cryptocurrencies may prevent a US debt disaster in the YouTube video. He said treasury members were examining how stablecoins may help the US retain its global supremacy by solving the “colossal debt burden that the US currently has.”

Ripple unveiled its USD-pegged stablecoin plans in April, competing with Tether (USDT) and Circle (USDC). This fits with the crypto payments company's ambition to grow its digital payments reach and boost its US financial sector position.

As of June 4, Ripple's market capitalization is more over $29 billion, considerably behind Amazon and Facebook, which have market caps over $1 trillion. The crypto payments startup must reach a market capitalization and adoption rate equivalent to these digital titans to become a “unicorn company.”

Despite the deteriorating performance of XRP, the native coin of the XRP Ledger, Ripple is expanding its worldwide operations and services. The crypto payments company's legal fight with the US SEC and the US's lack of digital asset regulation may also slow expansion.

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