As the crypto market enters a renewed bullish phase in May, analysts are projecting a trillion-dollar market cap for XRP.
In a recent tweet, analyst Capt Toblerone shared his expectations for how high the global crypto market could grow by the end of this bull cycle. Specifically, he is projecting a massive $35 trillion market by 2026, with XRP expected to capture a significant share.
Crypto Market to $35T, Bitcoin to $300K
For context, the global crypto market currently stands at only $3.03 trillion. Essentially, Toblerone is predicting more than a 10X expansion of the market by next year. In this scenario, he projects Bitcoin’s dominance, currently around 64%, will drop significantly to 16%.
This substantial decline would provide the broader altcoin market ample room to thrive, allowing tokens like XRP to reach historic peak values.
Specifically, Toblerone projects that in a $35 trillion market, Bitcoin’s price would be $300,000 per coin—about 3X today’s price of $96,500. This would equate to a $5.928 trillion market cap for Bitcoin.
Meanwhile, he projects that Ethereum would reach an astonishing market cap of $3.609 trillion. This would propel ETH’s price to $30,000 per coin.
For context, Ethereum is trading today at $1,830 with a market cap of $220 billion. Reaching $30,000 with a $3.61 trillion cap would mean a massive growth of 1,540%.
XRP Price at $1.2 Trillion
Toblerone projects a similarly promising scenario for XRP. Specifically, he estimates that XRP could reach a lofty $1.2 trillion market cap.
Currently, XRP is trading at $2.20 with a market cap of $129 billion. Toblerone anticipates that XRP’s unit price could reach $22 if its market cap climbs to $1.29 trillion. This is essentially a 10X increase from today’s price.
To put this in perspective, $10,000, which could buy approximately 4,500 XRP today, would be worth around $100,000 at that projected price.
Toblerone’s $22 price target for XRP aligns with forecasts from other analysts. Bitcoin analyst Davinci Jeremie recently reiterated his $24 price target for XRP, stating that XRP has a good chance to hit that level this year.
Likewise, Korea’s Elliott Wave analyst XForceGlobal projects XRP could reach $10 to $40 during this cycle. A $40 price would imply a $2.32 trillion market cap for XRP.
Others, such as Javon Marks, have proposed even more ambitious projections, calling for a $100 XRP price by the end of this cycle. This would equate to a nearly $6 trillion market cap.
Other Altcoin Outlook
In his broader market cap projection, Toblerone also envisions lofty valuations for other top-ranking altcoins like Solana (SOL), BNB, Cardano (ADA), and Dogecoin (DOGE). He projects SOL could reach a $3.5 trillion market cap, BNB $872 billion, ADA $407 billion, and DOGE $290 billion.
Essentially, Toblerone sees only Ethereum, Solana, and XRP reaching trillion-dollar valuations this cycle.
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.
