XRP (Ripple’s native coin) is one of the top cryptocurrencies. The token has been widely known and heard of by investors that have just entered the market due to its fight with the SEC.
Since XRP has been under constant scrutiny by the investor community, many analysts have given price predictions. It is not a day that goes by without a price forecast for XRP, the most popular altcoin.
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There are predictions for every number in the news, from its price reaching $1 up to $20 or $30. Others have gone one step further and predicted that XRP will rise above $600.
The numbers may be exciting for some investors but they are not realistic. Wild XRP price predictions blur the line between ‘myth and reality,’ making it hard to decide what’s true.
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Ripple’s XRP to $30: A myth or reality?
Crypto Market Price Forecasts: Wild Predictions
Now, wild predictions of cryptocurrency prices are the norm. Take Thomas Kralow of Crypto Hedge Fund, for example. proudly proclaimed It is possible that the XRP will reach a value of $30.
Does XRP Reach $30 Really?
Can this really be true? Ripple native token price to rise from $0.57 up to $30 in two years or less? No doubt that the crypto market has produced coins with even greater performance, but will XRP be able to do it?
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Market Cap Myth
This price prediction is a myth. If XRP could reach $30, the market cap would need to be at least $3 trillion.
This is almost equal to the combined market capitalization of Apple Inc. Microsoft and Alphabet, Google’s parent corporation. They generate billions a year in wealth, and they employ millions around the world.
Reality Check
XRP’s market cap reaching these tech giants, is a lie. Ripple would have to make a major overhaul of its business before it could even think about hitting $1 trillion in market capital.
Until that time, the price prediction of $30 for XRP remains a myth.
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Source: watcher.guru
