Can XRP rise to $10,000? Let's do the math

Hey, friends, have you ever wondered if the cryptocurrency XRP can rise to $10,000 per coin? This is an interesting question, let's do the math together.

First of all, you need to know how the market value of a cryptocurrency is calculated. Market value is the price of each coin multiplied by its circulating supply. Currently, the circulating supply of XRP is about 53.8 billion. If we assume that XRP really rises to $10,000 per coin, then its market value is 53.8 billion times 10,000, which is 538 trillion US dollars! This number is really not small.

Next, we have to compare this market value with some actual financial indicators. Do you know what the global GDP is? It will be about $105 trillion in 2023. And what about the total market value of cryptocurrencies? It will be about $2 trillion in 2024. Even the US stock market, that is, the S&P 500 index, has a market value of only about $40 trillion. The total wealth of the world is about $500 trillion.

By comparing, you can see that the market value of $538 trillion is more than five times the global GDP, which is more than the total wealth of the world! Do you think this is realistic? Even Bitcoin, the largest cryptocurrency, has never had a market value of more than $1.5 trillion.

So, I have to say that under the current and foreseeable conditions, it is a mathematically and economically impossible task for XRP to rise to $10,000.

However, it does not mean that XRP has no room for growth. If banks start to use XRP for cross-border transactions on a large scale, its price may still rise sharply. However, this increase depends on the adoption rate of banks.

If the adoption rate of banks is low, the price of XRP may be between $5 and $10. If the adoption rate is moderate, with more than 50 banks using it, it may rise to $10 to $50. If all banks around the world adopt XRP, the price may exceed $100, or even more than $500.

So, I think that if XRP can really become the standard for bank transactions, then its price may indeed rise.

What if banks do not adopt XRP? Then it is still speculative. Investment is risky, so be cautious when entering the market, my friend.