EGRAG, a well-known cryptocurrency analyst, believes that selling XRP at its current price could be compared to those who sold stocks of Apple, Amazon, Google, and Tesla in their early stages.
During the current bull market, XRP rarely experiences significant increases in value compared to the broader cryptocurrency market. It often lags behind other cryptocurrencies during price corrections.
This underperformance has left holders frustrated, especially considering XRP’s potential as a cryptocurrency for international settlements. However, influential figures in the community continue to provide reasons for optimism despite the lackluster performance.
In a recent update, analyst EGRAG advised XRP investors to reflect on the historical growth patterns of tech giants like Apple, Amazon, Google, and Tesla. The comparison highlighted the modest valuations of these companies’ stocks about a decade ago, drawing a parallel to the current state of XRP, which is currently trading at around $0.5.
EGRAG specifically mentioned the case of individuals who sold Apple’s AAPL stock at $0.5 in 1989. Today, AAPL is worth $189.98, representing a growth of over 37,500% in 35 years.
According to prediction platforms like Telegaon, XRP could potentially reach a maximum price of $105.27 by 2050, or 26 years from now.
EGRAG’s analysis also noted that Google’s stock was worth $11 in 2006 but has grown to $176.33 by 2024. Similarly, Tesla’s stock, priced at $2.5 thirteen years ago, has consistently risen to its current price of $179.24.
The analyst urged XRP investors to consider the potential regret of selling these investments prematurely, as they have proven to be highly valuable over time. EGRAG envisions a future where XRP could follow a similar trajectory and potentially reach much higher valuations than its current price of $0.5.
In various updates, EGRAG has suggested that XRP could reach $90 in the coming years. He has also set shorter-term goals, including a target of $27 for XRP during the current bull market.
Others, including renowned author Panos Mekras, share EGRAG’s perspective that XRP could match or even surpass the value of FAANG company stocks.
Disclaimer: This article serves as informational content and should not be considered financial advice. The opinions expressed in this article are solely those of the author and do not reflect the views of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic is not liable for any financial losses incurred.