As the crypto market gains more attention in the U.S, experts are starting to make bold predictions about where things might go from here. One of these forecasts comes from market analyst Captain Toblerone, who believes the crypto market could grow massively during this bull run.
He predicts the total market cap could jump to $35 trillion by 2026, which would mark a 929% increase from where it is now. If that happens, it could have a huge impact on the prices of major cryptocurrencies, including XRP.
In his breakdown, Captain Toblerone suggests that if the market reaches $35 trillion, XRP could have a market cap of around $1.24982 trillion. Based on a circulating supply of 56.81 billion XRP, that would put the price of a single XRP at $22.
However, this scenario assumes XRP’s share of the market drops to 3.57%, which is actually lower than its current 4.1% market dominance.
At the projected $35 trillion global crypto cap, if XRP keeps its current share of the market, without gaining or losing ground, its market cap would instead hit $1.435 trillion. That pushes the XRP price up to about $25.26, higher than the $22 figure.#Write2Earn $XRP