EasyA co-founder Dom Kwok believes XRP and other cryptocurrencies will see rapid price increases as adoption grows.
He says prices may remain relatively flat at first, but will rise sharply once adoption reaches a critical level.
Notably, Kwok shared this view on X, answering a common question: Will crypto prices rise slowly, or will they suddenly jump?
In his words, they will “skyrocket at once.”
He explained this using the technology adoption S-curve, which he studied at Wharton. The concept shows how new technologies often begin with slow adoption before reaching a point where growth accelerates rapidly.
The Technology Adoption S-Curve
Kwok explained that the S-curve has three main stages:
- Early stage: Adoption is slow because only a small group of people uses the technology. He compared this stage to the early days of the internet and television.
- Critical mass: Once enough people begin using the technology, adoption starts accelerating.
- Rapid growth: Adoption then increases as more people join and the technology becomes mainstream.
Kwok believes crypto will follow the same pattern. As more people adopt crypto, demand will increase rapidly while supply remains limited, putting upward pressure on prices.
He also believes crypto will eventually become as common as the internet and television. In a few years, he says, it will be unusual to find someone who does not use crypto.
XRP Price Soaring Again
XRP’s recent price movement illustrates the type of volatility Kwok is describing. CoinMarketCap data shows XRP at around $1.58, up about 4% in 24 hours and 23% over the past week. It is also up about 6.6% this month, but remains down around 14% this year.
XRP has experienced several major price swings recently. The token fell to about $0.98 in August before climbing above $1.70, gaining 74% from its low. XRP then dropped about 27% to $1.25 before another recovery began. By September 23, it had climbed back to around $1.65.
Kwok Repeats His $1,000 XRP Prediction
Kwok’s latest comments came shortly after he repeated his long-term prediction that XRP will reach $1,000. He recently said this target is “more likely than ever.”
At around $1.61, XRP would need to rise by 62,000% to reach $1,000. With about 62.9 billion XRP in circulation, a $1,000 XRP price would give the token a market value of $62.9 trillion.
Kwok argues that market value alone does not make the target impossible, pointing to Bitcoin’s trillion-dollar market value. He and his brother have also said XRP will reach $1,000 within four to five years. Meanwhile, critics argue a $1,000 XRP price requires an extraordinarily large market value.
Notably, Kwok’s S-curve theory does not establish that XRP will reach $1,000. His argument is that as crypto adoption expands, the market will reach a point where adoption accelerates, triggering much faster price growth.