As the crypto market enters a renewed bullish phase in May, analysts are projecting a trillion-dollar market cap for XRP.
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In a recent tweet, analyst Capt Toblerone shared his expectations for how high the global crypto market could grow by the end of this bull cycle. Specifically, he is projecting a massive $35 trillion market by 2026, with XRP expected to capture a significant share.
Crypto Market to $35T, Bitcoin to $300K
For context, the global crypto market currently stands at only $3.03 trillion. Essentially, Toblerone is predicting more than a 10X expansion of the market by next year. In this scenario, he projects Bitcoin’s dominance, currently around 64%, will drop significantly to 16%.
This substantial decline would provide the broader altcoin market ample room to thrive, allowing tokens like XRP to reach historic peak values.
Specifically, Toblerone projects that in a $35 trillion market, Bitcoin’s price would be $300,000 per coin—about 3X today’s price of $96,500. This would equate to a $5.928 trillion market cap for Bitcoin.
Meanwhile, he projects that Ethereum would reach an astonishing market cap of $3.609 trillion. This would propel ETH’s price to $30,000 per coin.
For context, Ethereum is trading today at $1,830 with a market cap of $220 billion. Reaching $30,000 with a $3.61 trillion cap would mean a massive growth of 1,540%.
XRP Price at $1.2 Trillion
Toblerone projects a similarly promising scenario for XRP. Specifically, he estimates that XRP could reach a lofty $1.2 trillion market cap.
Currently, XRP is trading at $2.20 with a market cap of $129 billion. Toblerone anticipates that XRP’s unit price could reach $22 if its market cap climbs to $1.29 trillion. This is essentially a 10X increase from today’s price.
To put this in perspective, $10,000, which could buy approximately 4,500 XRP today, would be worth around $100,000 at that projected price.
Toblerone’s $22 price target for XRP aligns with forecasts from other analysts. Bitcoin analyst Davinci Jeremie recently reiterated his $24 price target for XRP, stating that XRP has a good chance to hit that level this year.
Likewise, Korea’s Elliott Wave analyst XForceGlobal projects XRP could reach $10 to $40 during this cycle. A $40 price would imply a $2.32 trillion market cap for XRP.
Others, such as Javon Marks, have proposed even more ambitious projections, calling for a $100 XRP price by the end of this cycle. This would equate to a nearly $6 trillion market cap.
Other Altcoin Outlook
In his broader market cap projection, Toblerone also envisions lofty valuations for other top-ranking altcoins like Solana (SOL), BNB, Cardano (ADA), and Dogecoin (DOGE).He projects SOL could reach a $3.5 trillion market cap, BNB $872 billion, ADA $407 billion, and DOGE $290 billion.
Essentially, Toblerone sees only Ethereum, Solana, and XRP reaching trillion-dollar valuations this cycle.
DisClamier:
This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect @Lachakari_Crypto opinion. Readers are encouraged to do thorough research before making any investment decisions. @Lachakari_Crypto is not responsible for any financial losses.
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