XRP’s $10K Prediction: Realistic or Hype?
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Jake Claver, Managing Director of Digital Ascension Group, boldly predicts XRP could hit $10,000 within two years. His argument centers on the idea that a higher XRP price increases transaction efficiency on the XRP ledger. Currently, moving large sums requires a high number of XRP tokens; a higher price would reduce this need. This prediction, however, has ignited significant debate within the crypto community.
Claver's prediction implies a massive increase in XRP's market capitalization, from approximately $131.7 billion to over $585 trillion. Critics argue this calculation is misleading, as it doesn't account for actual liquidity on exchanges and in liquidity pools. The realizable market cap, they contend, is far lower than the theoretical one Claver presents. Moreover, reaching $10,000 per XRP would require a more than 500,000% increase from its current price, a feat considered highly unrealistic by many.
The timeline of Claver's prediction – 24 months – adds to the skepticism. Even Bitcoin's significant price increases took considerably longer. Achieving such growth in half the time would necessitate unprecedented demand. While some XRP enthusiasts are optimistic, others view Claver's prediction as misleading, potentially setting unrealistic expectations and distracting from important issues like regulatory hurdles, exchange listings, and developer growth. The current market sentiment towards XRP is neutral, with price projections showing only a slight dip in the near term. Ultimately, Claver's $10,000 prediction remains a highly contested and controversial outlook.
(Source: https://www.newsbtc.com/news/wild-xrp-prediction-crypto-founder-sees-10k-price-tag-heres-when/)
