XRP holders are typically passionate and loyal to the project, banding together like an army of soldiers. Many moons ago, I myself was part of this army. Anyways, in this article, I’ll try to figure out if XRP can reach $1000.
XRP might reach $1000 if it becomes the chosen currency of all the major banks on earth and the circulating supply becomes deflationary, but it is highly unlikely. The market capitalization of a thousand-dollar-XRP will reach $100 Trillion, which is five times the GDP of The U.S and 25% higher than global GDP.
The problem with a thousand-dollar XRP is the huge market cap it requires. Remember Market Cap = Price * Supply.
It then logically follows that high supply tends towards a low price. There needs to be some balance.
XRP has a huge supply compared to other coins, which is the reason for its relatively low price.
If XRP reaches $1000 with its current circulating supply, the market capitalization will reach $46,500,000,000,000 (46.5 Trillion USD).
To get some perspective, check out the chart below:
As you can see, it’s more than twice the U.S. GDP… That does not sound realistic at all.
But it gets even worse…
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The Tokenomics Of XRP: (Inflation vs Deflation of Supply)
XRP is both an inflationary and a deflationary asset. The circulating supply increases every month, but the total supply decreases incrementally with every transaction due to a fee that is burned.
To be specific:
The total supply of XRP started out at 100 Billion XRP, but decreases (very) slowly. Less than 0.1% per year. The released XRP that inflates the circulating supply is currently setting an inflation rate of 6.5% as calculated from their reports.
This means that the market cap of a $1000 XRP will increase 6.5% per year it takes.
Below you see another chart showing what the market cap would be depending on what year it happens:
I think that its safe to say this is highly unlikely.
The One Thing That Might Take XRP To $1000
If Ripple becomes the base layer for international transactions, and every major bank chooses to transact using XRP, it MIGHT have some chance of reaching $1000.
However, it’s likely not enough…
We’re talking $100 Trillion market cap. That is the same as the bond market, which is one of the largest markets in the world.
It’s even bigger than the Global GDP, which is at $80 Trillion. (source)
But, if XRP becomes the standard currency to settle global transactions, and the circulating supply stops being inflated (and starts to deflate), it can be considered a possibility, but it’s highly unrealistic.
Conclusion: XRP Can’t Reach $1000
No, XRP can not reach $1000 even if it becomes the base layer of our economy and the circulating supply becomes deflationary. The market cap would eventually reach close to $100 Trillion, which is more than global GDP and the same as the global bond market.
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This article reviews this coin's prospects and what it holds in the future for the crypto market and investors. Plus, we've answered the question, "Can XRP reach $1000?" Overall, this is unlikely in the coming years. In order for Ripple to reach $10,000, it needs to have a much larger market capitalization.
Further applications for the XRP token could provide the asset with further utility, increasing demand. Continuing its long-term bullish trend, the XRP prediction has determined that in 2029, the token will cross $6.5 per coin. The expected high for 2029 is $3.6 and the low will be $6.36.
Businesses with these kinds of prices have to be highly monopolistic and given cross-country regulations on money transfers, such market shares are likely to be highly unsustainable. In short, all these scenarios look unrealistic and far-fetched. Therefore, we would say XRP is unlikely to reach $500.
How much will Ripple be worth in 10 years? If you invest in Ripple today, as with any investment, a long term increase is expected. The price of XRP could possibly rise to $6.60 within the next 10 years.
Note that XRP achieved its all-time high price before Covid. Compared to that, the conditions now are completely different, meaning that XRP can take even more time to reach $10,000 than 216 years.
At $100, XRP's Market Cap would be $5.1 Trillion. If XRP were to rise at the rate of 25% every year, it would take 26 years to reach $100. Irrespective of the SEC outcomes, it is highly unlikely that XRP will reach $100.
Despite many challenges posed by adopting blockchain technology for international banking, XRP holds a strong position in this industry. There are many use cases for the blockchain, and it is used by many banks due to its operational benefits.
In 2040, we may expect an average price of $61.05 as per the current growth. Our maximum price prediction for Cardano is $72.34 in 2040. If the market gets bullish, Cardano may surge more than our ADA price forecast in 2040.
XRP transactions are both cheaper and faster than Bitcoin transactions. Since Bitcoin requires computers to solve complex cryptography problems, it can be time-consuming. On the other hand, XRP transactions take just seconds to process and confirm.
The blockchain developer explains his view that XRP is a decentralized cryptocurrency with finite supply, which trades on the open market and has no issuer to hold collateral for gold. For this reason, Hamilton explains, XRP cannot be inflated to have a peg with another asset.
Ripple Coin News predicts that Ripple could hit $30 in the next 10 years. Andreas Kaplan, in his article written for Smarterem, says that “most people within the business agree that Ripple's value can go up to the $200-$300 range in ten years.”.
Is XRP the Next Bitcoin or Ethereum? Some experts believe XRP's capabilities could put it at the same level of adoption and industry respect as the gold standard of crypto, bitcoin, and the number one alt-coin, ethereum.
Our real-time XRP to USD price update shows the current Ripple price as $0.49 USD. According to our Ripple price prediction, XRP price is expected to have a 20.5% decrease and drop as low as by April 20, 2023.
FIAT is volatile too, over longer time periods. In nostro/vostro relationships, banks are exposed to exchange rate fluctuations over a long period, and in some currencies, the risk is too high for banks even to enter.
So far, the only companies using it are smaller businesses that offer cross-border payments, including money remittance services and one bank. But with the amount of hype thrown around XRP, it can be hard to find out which services are actually using XRP, and not just one of the other services.
Which crypto will blow up this year? Love Hate Inu is the next cryptocurrency to explode in 2023. It's a vote-to-earn project offering industry-leading crypto rewards for participating in polls and surveys. The ecosystem is powered by LHINU, the next cryptocurrency to blow up.
There are several factors on which one can make an assumption regarding whether ripple will reach the price of $50 or not. However, in general terms, it's highly unlikely for Ripple to reach this level because its market cap isn't that high, and isn't likely to reach higher levels in the next five years.
While Binance Coin (BNB) and Cardano (ADA) are expected to return 100x in five years, market experts predict that early RenQ Finance (RENQ) investors will mint these gains before the end of 2023.
Algorand. Another cryptocurrency that patient investors could watch skyrocket 1,000% or more by 2026 is Algorand (ALGO -0.56%). Algorand is currently the 19th-largest digital currency, with a market value of $10.5 billion.
Two of the newest billionaires who have enjoyed massive windfalls from the success of XRP are Ripple's current and former CEOs Chris Larsen and Brad Garlinghouse. Larsen is the co-founder and former CEO of the company.
To be a millionaire with XRP, it need to reach $5000. Some people are tool bullish on it because of recent adoptions. True, these adoption will make Ripple cross a barrier. But, this would happen with only early adoptions.
To reach $100, XRP will need to rise 270 times. At $100, XRP's Market Cap would be $5.1 Trillion. If XRP were to rise at the rate of 25% every year, it would take 26 years to reach $100. Irrespective of the SEC outcomes, it is highly unlikely that XRP will reach $100.
XRP was listed on cryptocurrency exchanges from the moment it was launched; Ripple's price was then set at ten cents. For two years, this price moved very little and XRP had little demand. It spent some months at half a cent before rising to 30 cents.
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