The global crypto market is valued at over $3.7 trillion, and XRP is among the few crypto assets holding a notable share.
During the bull run, experts project the market could surpass $20 trillion in this cycle.
Interestingly, widely followed market commentators like Capt Toblerone have even suggested a potential valuation as high as $35 trillion. In such a promising market environment, bold price forecasts have emerged for top altcoins like XRP.
Given the prevailing bullish outlook for the market this season, this article explores the potential price of XRP in a scenario where the global crypto market hits $20 trillion and XRP maintains its current market share.
XRP’s Market Share
At the current global market valuation of $3.7 trillion, XRP accounts for approximately 4% of the market, with a market cap of around $123 billion. In comparison, Cardano contributes just 0.63% with its $20 billion market cap. BNB and Solana make up 2.78% and 2.29%, respectively.
The only assets ahead of XRP are Bitcoin, Ethereum, and the stablecoin USDT. Notably, Bitcoin controls 64% of the market with a valuation exceeding $2 trillion. Ethereum commands 9%, while USDT accounts for approximately 5%.
Should the crypto market reach $20 trillion and these assets maintain their current shares, their valuations would increase significantly.
XRP Price in a $20 Trillion Global Crypto Market
If XRP retains its 4% market share in a $20 trillion market, its market cap would rise to $800 billion (based on 4%). With a circulating supply of 58.93 billion tokens, this would translate to a unit price of approximately $13.57.
This would mark a new all-time high for XRP, which has been trading below its peak for over seven and a half years.
Notably, many analysts have projected that XRP could reach and potentially exceed the $13 mark this year. Some even suggest XRP could hit prices above $20 this cycle. Historically, price predictions for XRP were primarily based on technical analysis and historical performance.
However, with growing institutional adoption of XRP through ETFs and its inclusion in treasury reserves, many believe the token could outperform expectations.
Bitcoin, Ethereum, and Other Top Altcoins in a $20 Trillion Market
If Bitcoin maintains its 64% dominance, its market cap would rise to $12.8 trillion, implying a BTC price of over $644,000 per coin.
Ethereum would also reach the trillion-dollar milestone, with a projected valuation of $1.8 trillion if it retains its 9% share.
USDT would rise to $966 billion, nearing the $1 trillion mark. Meanwhile, BNB and Solana would hit historic highs, reaching $556 billion and $458 billion, respectively.
Interestingly, Cardano’s 0.63% market share would take its valuation to $126 billion, resulting in an ADA price of approximately $3.56. This isn’t far from Cardano’s previous all-time high of $3.10, which it reached with a market cap of $95 billion.
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.
