Can Just 100 XRP Make You A Millionaire? That's What This Insane Ripple Price Forecast Says
This article originally appeared on coincierge.de .
Can you become a millionaire with Ripple's XRP? At the time of writing, the value of one XRP token is approximately $0.50. To hold XRP worth one million dollars, investors would therefore need around two million tokens.
However, a study suggests that even owning fewer than 100 XRP could be sufficient to reach the million-dollar milestone. In this article we ask the question - is it possible to achieve millionaire status by buying just $50 worth of XRP?
Valhil Capital's recent study indicates that the fair value of XRP would fall within the range of $3,500 and $21,900 per token at some point in the future.
This astronomical price is derived from results obtained through six different quantitative pricing models.
Currently, approximately 52 billion XRP tokens are in circulation. Taking the lower value of $3,500 per token, this would correspond to a market capitalization of $180 trillion.
By comparison, the total market capitalization of all cryptocurrencies, including Bitcoin and Ethereum, is only $1.05 trillion. To build a fortune of one million dollars at a price of $3,500 per token, as few as 286 XRP would be sufficient.
A Ripple price forecast of $3,500 or higher might seem unrealistic, even impossible unless in some hyperinflation type scenario - but the explosive study by Valhil Capital claims it to be possible if XRP assumes the position of a global currency and store of value.
Their investigation centred around assessing the impact of the SEC lawsuit against Ripple. The "fair price" that Valhil Capital analysts estimate for XRP is the result of two years of research.
Since late 2020, Ripple, the company behind the cryptocurrency XRP, has been under pressure due to
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