Xena, a widely followed Bitcoin investor, suggested that crypto market participants can amass XRP cheaply now in cents as it could reach an expensive price in the $100 to $500 range.
The investor expressed this sentiment in a recent post on X. She attempted to counter views that suggest lofty highs like $100 and $500 are unattainable for XRP.
Xena pointed out that rival digital assets, such as Solana (SOL), Quant (QNT), and Ethereum (ETH), have already seen their values enter such lofty price channels and questioned why XRP’s case is an issue.
“What’s the fuss about XRP if it can reach what others did,” she remarked. Xena went on to argue that XRP has the potential to follow a similar path and perhaps even exceed these benchmarks.
Clarifying Issues Around XRP Attaining $100 to $500
However, it is important to note that SOL, QNT, and ETH have significantly lower circulating supplies compared to XRP.
For instance, QNT has a max supply of 14.88 million tokens, Solana has 466 million SOL tokens circulating, and Ethereum has 120.27 million ETH. At $500 per token, QNT’s market cap would be $7.44 billion, and Solana’s would be $233 billion.
Meanwhile, XRP has a circulating supply of 99.98 billion tokens, half of which are in escrow. At the same price, it would command a market cap of over $49 trillion—a figure critics often cite to argue that a $500 target for XRP is unrealistic.
XRP Replenishes Missed Opportunities on Bitcoin and Ethereum
Meanwhile, Xena highlighted that many investors missed the early runs of Bitcoin and Ethereum, which have since become dominant in the crypto space. She implied that XRP might be the next big opportunity, one that could provide similar gains for those who invest.
With its current price still in the cents, Xena believes that XRP presents a unique chance to accumulate a substantial amount before it potentially takes off.
Xena also addressed the polarizing nature of XRP within the crypto community, acknowledging that the asset elicits both strong support and criticism. She suggested that this intense focus on XRP could be due to its potential for extraordinary gains, which might explain the heightened emotions surrounding it.
DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
