A Bitcoin maximalist has offered insights into XRP’s potential future price, suggesting that $18 appears more realistic than the widely circulated triple-digit projections.
Chase, the host of The Bitcoin Express YouTube channel, recently took to X to share his perspective on XRP’s potential amid the emerging bull season.
In particular, Chase delivered a no-nonsense assessment of XRP’s potential, debunking extravagant price predictions in the crypto community.
XRP Not Reaching $1,000 or $589
He boldly asserted that XRP would not attain $1,000, emphasizing that even $589 is not attainable for the asset.
XRP is not going to $1,000.
It's not going to $589.
It's not even going to $100.
Even if XRP had the same market cap as Bitcoin today ($1 trillion), then 1 XRP would be worth about $18.
— The Bitcoin Express (@The_BTC_Express) February 15, 2024
One of the prominent figures who forecasted a $500 XRP is Wells Fargo Treasury Manager Shannon Throp. However, this projection has largely remained unfulfilled based on the proposed timeline.
Moreover, the Bitcoin maximalist argued that XRP attaining even $100 remains a pipe dream. From the post, XRP’s vast circulating supply serves as a fundamental reason behind his skeptical stance.Â
Notably, with a circulating supply of 54,506,969,135 tokens, achieving a price of $1,000 per XRP would result in a staggering market valuation of $54.5 trillion. Interestingly, the entire cryptocurrency market is currently valued at only about $1.9 trillion.
Besides, an XRP price of $100 would result in a similar trillion-dollar valuation that surpasses the overall cryptocurrency market by several folds.
Bitcoin Maxi Argues for $18
Nonetheless, Chase proposed a hypothetical scenario where XRP could achieve the same $1 trillion market capitalization as Bitcoin. He argued that if XRP reached this milestone, each XRP would be valued at approximately $18.Â
Although it is not explicitly clear whether the Bitcoin maximalist genuinely believes XRP could reach $18 in the future, the sarcastic tone of the tweet suggests skepticism regarding such a possibility.
Besides, he made a humorous remark at a comment suggesting XRP may not even make it to $1.Â
XRP Hitting $18
At press time, XRP exchanges hands at $0.5481, reflecting a 5.24% decline since January 15. A surge to $18 would require the asset to grow by 3,182%. Notably, XRP previously engineered a more astronomical growth rate in 2017/2018.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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