I honestly don't understand how some people think that $XRP will reach 500 dollars. I don't know what they base this on or from what perspective they conduct their analysis.
Let's do some simple calculations. The current market capitalization is $129.14 billion, and the circulation is $58.5 billion, which gives us the current price. Now let's assume that the market capitalization doubles — which is already an exaggeration — and reaches 260 billion dollars, and the entire circulation is unlocked. Even then, the price barely reaches $2.60. Now let's assume that the circulation remains the same (58.5 billion), and the market capitalization still reaches 260 billion dollars. In this case, XRP will only reach 4.44 dollars. Now let's contrast the crowd with a "500 dollars" target price of 10 dollars. For this to happen with a full circulation, XRP needs a market capitalization of 1 trillion dollars, and the price will be approximately 10,001 dollars. Alright, now let's move on — let's keep the circulation as it is and raise the market capitalization to 1 trillion dollars. Even then, XRP will only reach 17.09 dollars. So, again, on what basis do people believe that XRP will reach 500 dollars? Just on the word "awareness"? And let's be realistic — a market capitalization of 1 trillion dollars just for #XRP ? When the entire market capitalization of cryptocurrencies is around 3 trillion dollars? This is not just unrealistic — it's absurd.
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I honestly don't understand how some people think that $XRP will reach 500 dollars. I don't know what they base this on or from what perspective they conduct their analysis.
Let's do some simple calculations. The current market capitalization is $129.14 billion, and the circulation is $58.5 billion, which gives us the current price.
Now let's assume that the market capitalization doubles — which is already an exaggeration — and reaches 260 billion dollars, and the entire circulation is unlocked. Even then, the price barely reaches $2.60.
Now let's assume that the circulation remains the same (58.5 billion), and the market capitalization still reaches 260 billion dollars. In this case, XRP will only reach 4.44 dollars.
Now let's contrast the crowd with a "500 dollars" target price of 10 dollars. For this to happen with a full circulation, XRP needs a market capitalization of 1 trillion dollars, and the price will be approximately 10,001 dollars. Alright, now let's move on — let's keep the circulation as it is and raise the market capitalization to 1 trillion dollars. Even then, XRP will only reach 17.09 dollars.
So, again, on what basis do people believe that XRP will reach 500 dollars? Just on the word "awareness"?
And let's be realistic — a market capitalization of 1 trillion dollars just for #XRP ? When the entire market capitalization of cryptocurrencies is around 3 trillion dollars? This is not just unrealistic — it's absurd.