I honestly don't understand how some people think that $XRP will reach $500. I don't know what they base this on or from what perspective they conduct their analysis.
Let's do some simple math. The current market capitalization is $129.14 billion, and the circulating supply is 58.5 billion, which gives us the current price.
Now let's assume that the market capitalization doubles — which is already a stretch — and reaches $260 billion, and the entire supply is unlocked. Even then, the price would barely reach $2.60.
Now let's assume that the circulating supply remains the same (58.5B), and the market capitalization still goes to $260 billion. In this case, XRP would only reach $4.44.
Now let's confront the crowd with "$500", considering a target price of $10. For this to happen at full supply, XRP would require a market capitalization of $1 trillion, and the price would be around $10.001. Okay, now let's move on — leave the supply as is and raise the market capitalization to $1 trillion. Even then, XRP would only reach $17.09.
So again, on what basis do people believe that XRP will reach $500? Just on the word "adoption"?
And let's be realistic — a market capitalization of $1 trillion just for #XRP ? When the entire crypto market capitalization is around $3 trillion? It's not just unrealistic — it's absurd.
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