$XRP Vs $BTC and $ETH Which is better ?
A bold prediction that XRP could skyrocket to $10,000 per token has ignited intense debate among crypto enthusiasts. While some analysts are optimistic about its potential, others remain highly skeptical, questioning the feasibility of such a dramatic price surge.
Proponents argue that XRP’s integration into mainstream finance, institutional adoption, and potential ETF approvals could drive its value upward. However, not everyone is convinced this scenario will materialize.
ETF Influence May Be Overstated
The idea that XRP ETFs could propel the token to $10,000 has gained traction among supporters. They believe that exchange-traded funds could attract large-scale institutional investment, significantly boosting the price. However, crypto analyst Joshua Jake challenges this notion, using Bitcoin ETFs as a counterexample.
According to Jake, while Bitcoin ETFs have paved the way for institutional investors, they have yet to push Bitcoin to $1 million per coin. He argues that ETFs alone cannot generate enough market activity to justify a $10,000 valuation for XRP.
Jake further explains that ETFs contribute to market stability and liquidity but do not necessarily lead to exponential price growth. Even achieving a price of $20 or $30 per XRP would require an enormous influx of capital, which seems unlikely under current conditions.
To reach $100, XRP’s total market capitalization would need to hit $10 trillion. At $10,000 per token, it would surpass $1 quadrillion—a figure greater than the entire global wealth. Jake considers this an unrealistic projection and advises against such extreme forecasts.
Another argument for XRP’s rise is its potential widespread adoption by banks. Some believe that if all financial institutions globally adopted XRP, its value would surge. However, Jake counters this by pointing out the stiff competition within the crypto space and XRP’s massive supply of 99.98 billion coins.
What do yo think which is better?