A Bitcoin maximalist has offered insights into XRP’s potential future price, suggesting that $18 appears more realistic than the widely circulated triple-digit projections.
Chase, the host of The Bitcoin Express YouTube channel, recently took to X to share his perspective on XRP’s potential amid the emerging bull season.
In particular, Chase delivered a no-nonsense assessment of XRP’s potential, debunking extravagant price predictions in the crypto community.
XRP Not Reaching $1,000 or $589
He boldly asserted that XRP would not attain $1,000, emphasizing that even $589 is not attainable for the asset.
XRP is not going to $1,000.
It's not going to $589.
It's not even going to $100.
Even if XRP had the same market cap as Bitcoin today ($1 trillion), then 1 XRP would be worth about $18.
— The Bitcoin Express (@The_BTC_Express) February 15, 2024
One of the prominent figures who forecasted a $500 XRP is Wells Fargo Treasury Manager Shannon Throp. However, this projection has largely remained unfulfilled based on the proposed timeline.
Moreover, the Bitcoin maximalist argued that XRP attaining even $100 remains a pipe dream. From the post, XRP’s vast circulating supply serves as a fundamental reason behind his skeptical stance.
Notably, with a circulating supply of 54,506,969,135 tokens, achieving a price of $1,000 per XRP would result in a staggering market valuation of $54.5 trillion. Interestingly, the entire cryptocurrency market is currently valued at only about $1.9 trillion.
Besides, an XRP price of $100 would result in a similar trillion-dollar valuation that surpasses the overall cryptocurrency market by several folds.
Bitcoin Maxi Argues for $18
Nonetheless, Chase proposed a hypothetical scenario where XRP could achieve the same $1 trillion market capitalization as Bitcoin. He argued that if XRP reached this milestone, each XRP would be valued at approximately $18.
Although it is not explicitly clear whether the Bitcoin maximalist genuinely believes XRP could reach $18 in the future, the sarcastic tone of the tweet suggests skepticism regarding such a possibility.
Besides, he made a humorous remark at a comment suggesting XRP may not even make it to $1.
XRP Hitting $18
At press time, XRP exchanges hands at $0.5481, reflecting a 5.24% decline since January 15. A surge to $18 would require the asset to grow by 3,182%. Notably, XRP previously engineered a more astronomical growth rate in 2017/2018.