Nick, a renowned researcher and the creator of TheWeb3Alert, discusses the potential for XRP to experience a significant increase of 100X, propelling its value to $49.
In recent days, XRP has maintained a steady price below the key $0.50 mark. Despite hitting a high of $0.4949, XRP dipped to $0.48 before closing just above this level.
Currently, XRP is trading around $0.4869, showing a 1.88% rise over the past week. However, the asset has seen a decrease of 8.7% in the last month and an overall decline of 5.5% in the past year.
Despite these less-than-ideal numbers, there is optimism within the community regarding the potential for XRP to grow by 100X. Nick, the founder of TheWeb3Alert, recently shared this positive outlook in an analysis of XRP.
Nick begins by questioning the possibility of XRP achieving a 10,000% increase from its current price. He emphasizes the vast amounts of money circulating in global markets, which are valued in the quadrillions of dollars. Noting the potential for blockchain to disrupt markets worth trillions of dollars, Nick suggests that if XRP were to capture just 1% of this volume, it could reach valuations comparable to tech giants like Apple, Microsoft, Nvidia, and Google, resulting in a 100X increase in its value.
This significant growth would mean XRP’s value surging to $49.18, with a market cap surpassing $4 trillion. Nick believes that the tokenization market could pave the way for XRP to reach this price point, although this viewpoint is not without its critics.
In a recent development on the tokenization front for XRP, Ripple announced an extension of its partnership with Archax, a leading regulated crypto custodian in the U.K. The aim is to tokenize hundreds of millions of dollars in real-world assets on XRP’s blockchain by 2025. Ripple’s CTO, David Schwartz, has also predicted that the XRP Ledger will become the preferred platform for tokenization by 2025.
Please note that this article is for informational purposes only and should not be construed as financial advice. The opinions expressed are those of the author and do not necessarily reflect the views of The Crypto Basic. Readers are advised to conduct their own research before making any investment decisions, as The Crypto Basic is not liable for any financial losses incurred.