XRP is Ripple’s native token and one of the most popular cryptocurrencies on the market. The token has been widely known and heard of by investors that have just entered the market due to the SEC battle.
Analysts have made price predictions for XRP, which is always under the scrutiny of investors. It is not a day that goes by without a price forecast for XRP, the most popular altcoin.
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There are predictions for every number in the news, from its price reaching $1 up to $20 or $30. Others have gone one step further and predicted that XRP will rise above $600.
The numbers may be exciting for some investors but they are not realistic. Wild XRP price predictions blur the line between ‘myth and reality,’ making it hard to decide what’s true.
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Ripple XRP to $30: Myth or reality?
Crypto Market Predictions: The Wildest Price Predictions
The cryptocurrency market is now accustomed to wild price predictions. Take Thomas Kralow of Crypto Hedge Fund, for example. proudly proclaimed The XRP price could reach $30.
Does XRP Reach $30 Really?
Can this really be true? Ripple token’s price can it go from $0.57 per token to $30 within two years? No doubt that the crypto market has produced coins with even greater performance, but will XRP be able to do it?
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Market Cap Myth
Price prediction is a complete myth, because if XRP can reach $30 then its market capitalization must be $3 trillion.
This is almost equal to the combined market capitalization of Apple Inc. Microsoft and Alphabet, Google’s parent corporation. The companies are responsible for billions of dollars in annual wealth and millions of jobs worldwide.
Reality Check
XRP’s market cap reaching these tech giants, is a lie. Ripple would have to make a major overhaul of its business before it could even think about hitting $1 trillion in market capital.
The $30 prediction is not real until then.
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Source: watcher.guru