I genuinely don’t get it how a few people think $XRP will reach $500. I don’t know what they base this on or from what point of see they’re doing their analysis.
Let’s do a few fundamental math. The current publicize cap is $129.14 billion, and the circulating supply is 58.5 billion, which gives us the current price.
Now let’s anticipate the publicize cap doubles—which is as of presently a stretch—and comes to $260 billion, and the entirety supply gets opened. In fact at that point, the fetched would barely hit $2.60.
Now accept the circulating supply remains the same (58.5B), and the publicize cap still goes to $260 billion. In that case, XRP$XRP would as it were reach $4.44.
Now let’s counter the “$500” swarm by locks in a $10 fetched target. For that to happen with full supply, $XRP would require a $1 trillion exhibit cap, and the taken a toll would be around $10.001. Certify, by and by let’s pushed further—leave the supply as it is and pushed the grandstand cap to $1 trillion. In fact at that point, XRP would as it were hit $17.09.
So once more, on what introduce do people acknowledge XRP will reach $500? Reasonable on the word “adoption”
And let’s be real—a $1 trillion exhibit cap for XRP alone? When the entirety crypto exhibit cap is around $3 trillion? That’s not reasonable unrealistic—it’s crazy.
