Will one day either XRP or PI replace BTC as the king of crypto? Let's dissect it in detail
All requirements for XRP and PI to match BTC’s current price ($84,344)
Now, let's calculations for XRP and PI to match BTC's price of $84,344, focusing on total supply, circulating supply, and market cap implications.
1. XRP to Reach $84,344
- Target Price: $84,344
- Current Circulating Supply: 58.11B
- Target Market Cap = $84,344 × 58.11B = $4.9T
- Current Market Cap: $138.94B
- Growth Factor: $4.9T / $138.94B ≈ 35.27x
- Total Supply Consideration: If all 100B XRP were circulating at $84,344, the market cap would be $84,344 × 100B = $8.434T. This is the maximum possible market cap with the full total supply. But wait, only 58.11B are circulating supply now with market cap $138.94B. Does this make sense and possible? Think twice! 😉
2. PI to Reach $84,344
- Target Price: $84,344
- Current Circulating Supply: 6.99B
- Target Market Cap = $84,344 × 6.99B = $589.56B (exact: $589,564,560,000)
- Current Market Cap: $10.53B
- Growth Factor: $589.56B / $10.53B ≈ 56x
- Total Supply Consideration: If all 100B PI were circulating at $84,344, the market cap would be $84,344 × 100B = $8.434T, same with XRP’s max supply scenario. But only 6.99B circulating supply now with market cap $10.53B. Even with PI $589.56B market cap with its current circulating supply, the total supply of 100B will doesn’t change the target price calculation, it just sets the ceiling for potential market cap if fully circulated. Think twice! 😉
Key insights and summary
Bitcoin (BTC): Took ~16 years to reach now $1.67T (Highest $2.11T)
Ripple (XRP): Reached now $138.94B in ~12 years
Pi Network (PI): Achieved now $10.53B in ~6 years
Cheers 🥂
$PI (Not listed at Binance)