Altan Tutar, co-founder of MoreMarkets and former engineer at NEAR.
Recently, he shared his experience with the XRP community and the ambitious price expectations many hold within it.
And highlighted the strength of the XRP army.
and the prevailing belief within the community that XRP may one day reach the $10,000 mark. His comments came during an episode of The Rollup podcast.
After immersing himself in XRP-focused YouTube channels and attending an XRP event in Las Vegas, Tutar pointed to the strong conviction among holders of XRP. He mentioned the number of people who firmly believe that XRP can eventually reach $10,000.
Tutar stated, "There are people who believe in it almost like a religion." "It's an amazing marketing machine... I haven't seen anything like this in any other community."
"Bitcoin hit $100,000, so why can't XRP reach it?"
Meanwhile, podcast host Andy dismissed the $10,000 price prediction as a fantasy, stating, "XRP will not reach $10,000." In his view, it is unlikely to even reach $100, adding that $10 represents a high level for XRP.
This skepticism reflects a broader trend in the market. XRP has struggled to surpass its all-time high for nearly eight years, making the idea of it reaching $100, let alone $10,000, highly questionable.
Tutar did not personally confirm the $10,000 prediction, but he defended the internal logic of such beliefs within the community. He explained that just as Bitcoin's skyrocketing rise seemed unlikely in the past, XRP supporters now believe their asset can also defy expectations.
He said, "Bitcoin reached $100,000," highlighting the common justification within the community. "So why can't XRP reach it?"
It is worth noting that with trading of Bitcoin currently at $107,000, it has risen an astonishing 220,138,673% from its lowest point 15 years ago. In comparison, XRP, which has been in the market for a similar period, has only risen 74,605% from its lowest price to its current value of $2.09. Therefore, Bitcoin would need another increase of 478,368% to reach the target price of $10,000.
Given this massive leap and its implications for market value, many critics dismissed the expectation of a price of $10,000 as pure fantasy. However, the historical trajectory of Bitcoin continues to fuel optimism among many supporters.
No returns, just conviction
Tutar also noted that XRP is significantly different from many other cryptocurrencies. First, it does not offer staking rewards or returns. He explained that this shapes the behavior of its holders, who are not attracted to the possibility of passive income.
He said, "You are not making returns; it's the community's belief that at some point its value will rise significantly."
This loyalty has influenced the strategy of MoreMarkets. According to Tutar, the company plans to start engaging with the XRP ecosystem before expanding into other inactive assets like Stellar and Algorand.
In fact, the XRP community has long been known for its resilience, especially during the legal battles faced by Ripple with the U.S. Securities and Exchange Commission. For Tutar, this strength represents more than just noise; it is a force that platforms like MoreMarkets can harness for broader adoption and innovation.
He said, "We talk to them a lot, and we do a lot of marketing with key opinion leaders in XRP."