Rajat Soni, a finance expert with over a decade of experience, took to X to criticize what he sees as “unrealistic” XRP price predictions.
Specifically, he called out widespread projections of XRP reaching $100 or even $1,000 per coin in the current market cycle. Soni labeled these predictions as absurd, suggesting that those making such claims might have an “undiagnosed mental disability.”
Putting XRP Predictions into Perspective
Soni backed up his criticisms with market cap analysis. He pointed out that if XRP were to reach $100 per coin, its market capitalization would balloon to approximately $10 trillion, a figure he believes is out of touch with reality.
Furthermore, he pointed out that if XRP were to hit $1,000, its market cap would skyrocket to $100 trillion, a number he mocked as laughable.
Rather than focusing on these highly inflated predictions, Soni, who identifies as a Bitcoin maxi, advised investors to stick with more established cryptocurrencies. Specifically, he recommended Bitcoin as a more reliable investment. Accordingly, he labeled XRP as a “distraction.”
Notably, Soni’s remark comes amid XRPs’ attempt to break its all-time high, building on the momentum that took the price above $3 two days ago. At press time, XRP is trading at $3.32 with a market cap of $191 billion.
This ongoing price movement has emboldened some XRP supporters to revise their outlooks, projecting even higher values for the asset.
Popular Claims of XRP to $100
Indeed, some have suggested that XRP could reach well beyond $100 in this cycle. Meanwhile, others who believe in the $100 outlook have remained silent on the timeline.
For instance, financial pundit Linda Jones believes a $100 XRP price is attainable in the future, but she did not specifically suggest it would happen this year. On the other hand, analyst Javon Mark has argued for a $200 XRP price this cycle, citing what he describes as the “biggest coil pattern.”
Meanwhile, some pro-XRP analysts within the community often caution against such ambitious outlooks. They acknowledge that such projections are unlikely for this cycle and warn against inflated expectations.
Nonetheless, these projections continue to gain traction in the XRP community, largely due to XRP’s historical performance.
Essentially, Soni’s latest commentary only adds fuel to the growing debate surrounding XRP’s future price. It’s worth noting, however, that he is a Bitcoin maximalist with a long history of criticizing alternative cryptocurrencies like XRP.
XRP Army Reacts to Soni’s Claims
XRP supporters have not stayed quiet in response to Soni’s criticism. Some argue that the expectation of XRP reaching $100 is no more outlandish than Bitcoin maximalists’ predictions of all the world’s assets being repriced in Bitcoin.
When asked about the potential for XRP this cycle, Soni reiterated his view that the asset is a “shitcoin” and predicted it will eventually go to zero.
However, many in the XRP community view his latest remarks as rooted in jealousy, citing XRP’s recent outperformance relative to Bitcoin.
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.
