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Expert Says Don’t Spend Time Worrying About Prices, Predicts Timeline for Bitcoin to $1M Using Power Law

Elendu Benedict
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Expert Says Don’t Spend Time Worrying About Prices, Predicts Timeline for Bitcoin to $1M Using Power Law

A prominent market analyst has urged enthusiasts to look past the current Bitcoin price sluggishness, suggesting higher price milestones in a decade.

Bitcoin’s choppy price action has continued to raise skepticism among market participants as sideways macroeconomic factors spur downsides. With the April 2 “Liberation Day” in America just three days away, investors are fleeing to caution, surprisingly hurting Bitcoin and the crypto market.

Despite the uncertainties, prominent market analyst “apsk32” has nudged enthusiasts to look past the short-term volatility. He insists that Bitcoin has maintained an overall upsurge in the long term and expects higher prices if the trend continues.

Bullish Curve Suggests $1M per Bitcoin

In a tweet, apsk32 highlighted that Bitcoin has followed a curve for over 15 years, accurately predicting the asset’s price expectations. He noted that the Bitcoin Power Law model—which projects Bitcoin’s possible prices against time in a resistance and support curve—has provided price outlooks for the pioneering cryptocurrency. The analyst noted that if its forecasts remain true, all investors need to do is hold the asset.

Notably, the market watcher added a time contour to the Bitcoin price model, which tracks how many years the asset’s price is ahead of its predicted price level. Particularly, moving the curve’s support to the left could give insight into how Bitcoin outperforms the Power Law model.

For context, the chart shows that at yesterday’s price of $82,507, Bitcoin traded over two years ahead of support at $49,119. Interestingly, the Bitcoin Power Curve Time Contour also predicts the best and worst possible scenarios for Bitcoin’s price reaching a target. 

With the layers of support, apsk32 predicted when Bitcoin would surge to $1 million if it front-runs or follows the Power Law model. The graph shows that if Bitcoin trades five years ahead of the support, it could hit $1 million by January 2031.

However, the absolute latest for the premier asset to rally over 1,121% from its current price to $1 million is by January 2036. Notably, this is years off from a new model that proposed that Bitcoin could hit the price mark in 2027.

Bitcoin to $1M per Power Curve Time Contours
Bitcoin to $1M per Power Curve Time Contours

Analyst Highlights Path to $200,000 By the Year’s End

Meanwhile, apsk32 suggested that Bitcoin has more upside this year. In a parallel commentary, he predicted a surge to over $200,000 before the end of 2025.

The analyst maintained that Bitcoin’s bull season is not over yet, as past events suggest more upside. He shared that the leading cryptocurrency has had a history of rapid price developments between May and November of the last cyclical years, predicting a repeat.

Bitcoin to $200000 by Year End
Bitcoin to $200000 by Year End

As a result, he expects an over 143% surge from the current market price of $82,111 to at least $200,000 before the end of the year. Notably, this assertion aligns with analysis from Bernstein, Bitwise, and prominent financial author Robert Kiyosaki.

Bitcoin Nears $80K Support: Will Bears Push It to $73,767?

Albert Brown
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Bitcoin Nears $80K Support: Will Bears Push It to $73,767?

Bitcoin drops below $82K, signaling a potential extended correction to $80K amid rising fear and uncertainty.

With crypto market liquidations reaching up to $217 million in the past 24 hours, Bitcoin is experiencing a sharp pullback. Over the past four days, Bitcoin has fallen by 6%, hitting a 24-hour low of $81,287.

Currently, Bitcoin is trading at $81,993, showing signs of a lower price rejection. Will this lead to a bullish rebound and prevent a retest of the $80,000 support level?

Bitcoin Analysis Warns of a Retest Near $80K

In the daily chart, Bitcoin’s price action shows a sharp bearish reversal from an overhead resistance trendline. This breaks the 67.8% Fibonacci level at $86,145 and the 200-day EMA near $85,500.

Bitcoin Price Chart
Bitcoin Price Chart

With a series of consecutive bearish candles, Bitcoin is approaching the 50% Fibonacci level at $79,957. However, despite the bearish pressure, the lower price action in the past three candles suggests a potential reversal.

Nevertheless, the downtrend has triggered a bearish crossover in the MACD and signal lines, indicating a possible steep correction ahead. Meanwhile, the declining trend in the 50-day and 200-day EMAs points toward a golden crossover.

Bitcoin ETFs’ Streak of Consecutive Days of Inflows Ends

Despite the bearish market, Bitcoin ETFs saw an inflow of $196 million last week, marking the second consecutive week of positive inflows after a $744.35 million inflow the previous week.

However, the monthly net inflow is negative, at -$696.84 million. Furthermore, on March 28, a $93.16 million outflow ended a streak of 10 consecutive days of inflows. Most of this outflow came from Fidelity, which recorded a withdrawal of $93.16 million, while other Bitcoin ETFs maintained zero flows.

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Analyst Highlights Increased Bitcoin Movement

Meanwhile, Bitcoin miners’ confidence is gradually declining. According to crypto analyst Ali Martinez, Bitcoin miners sold more than 2,400 BTC in the past week, worth $220 million. Data from CryptoQuant shows that Bitcoin miner reserves have dropped from 1.81 million BTC to 1.808 million BTC.

Furthermore, Bitcoin’s on-chain activity has surged amid the growing market uncertainty. Bitcoin holders have moved 1,280 BTC in the past few hours, worth $106 million.

Additionally, over 30,000 BTC have been withdrawn from exchanges in the past week. The decreasing Bitcoin supply on exchanges provides a silver lining amid the growing uncertainty.

Conclusion

The declining Bitcoin supply on exchanges and the falling miner reserves offer conflicting signals about the market. This creates increased uncertainty, potentially leading to sharp price movements in either direction.

However, the prevailing bearish pressure suggests the risk of a further downside move due to rising fear. Based on the Fibonacci levels, immediate support for Bitcoin is near $80,000 at the 50% Fibonacci level.

A breakdown below this support will likely lead to a retest of the $73,767 level at the 38.2% Fibonacci level. On the other hand, if Bitcoin manages a bullish rebound, it could aim to retest the 200-day EMA at $85,452.

Top Software Engineer Says XRP Price is a No-Brainer, Risk/Reward Ratio Unheard Of

Abdulkarim Abdulwahab
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Top Software Engineer Says XRP Price is a No-Brainer, Risk/Reward Ratio Unheard Of

Software engineer Vincent Van Code recently sparked attention by calling the current price of XRP a “no-brainer” opportunity for investors.

According to Van Code, the current price point of XRP presents an exceptional risk-to-reward ratio. He expressed confidence that the asset is undervalued, implying that this might be one of the last chances to buy XRP at such low prices.

“Unlikely prices this low will be seen again,” Van Code remarked, suggesting that the market might not see these levels for much longer.

Notably, XRP has been down 4.5% over the last 24 hours, trading at $2.08. It is now dangerously close to losing the $2 psychological level again this month. At this price, XRP is down by 33% over the last two months.

Meanwhile, Van Code’s commentary reflects the popular belief that XRP could be on the verge of another significant price surge. Among the factors enthusiasts hope would propel prices are XRP ETFs, Ripple’s RLUSD adoption, and a Ripple IPO.

XRP Potential to “Break Free” from Major Market Influences

Van Code also touched on the idea that XRP is poised to “break free” from the grip of major players in the crypto market. Specifically, he cited Bitcoin, Binance, and Tether, whom he referred to as the “mafia” holding back XRP.

He speculates that once XRP breaks away from these forces, its price could skyrocket, making it a potentially game-changing investment for those who act early. However, he acknowledged that the market could see a significant downturn before XRP takes off.

Despite his optimistic tone, Van Code clarified that his statements were not financial advice. “I am not saying to buy XRP, just look into it,” he stated. He urged followers to do their research before making investment decisions.

Community Reacts: Take Loans to Buy More XRP?

Meanwhile, his tweet generated excitement among XRP supporters and sparked further debate among critics. One commenter remarked that if Van Code truly believes XRP’s price is a “no-brainer,” he should take out a loan and invest all of it into XRP.

In response, Van Code pointed out that he already has his investments in place. “You must be confusing me with someone in their early 20s still living at home,” he said humorously.

He went on to clarify that borrowing money to buy crypto, or even stocks, is “ridiculous.” Van Code explained that while he uses CFDs to swing trade Ethereum and Bitcoin for fun, he holds XRP for entirely different reasons.

“It’s blind advice to suggest anyone take out loans to invest in crypto,” he remarked.

Whales Dump 1.12B XRP in Two Days: What Does It Mean for XRP Price?

Albert Brown
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Whales Dump 1.12B XRP in Two Days: What Does It Mean for XRP Price?

Whale wallets offloaded 1.12 billion XRP in 48 hours, increasing the market supply. Will XRP retrace back to $1.7?

XRP has experienced significant price fluctuations, rising above $2.90 in early March before quickly retreating to below $2. Since the conclusion of Ripple’s legal battle with the SEC, the crypto has remained in a downward trend, consistently forming lower highs and lower lows. 

Essentially, the overall market sentiment is more bearish, with key indicators reflecting ongoing selling pressure. Recent data reveals that large XRP holders have significantly reduced their positions, coinciding with the decline in cryptocurrency.

Blockchain data presented by analyst Ali Martinez highlighted that wallets holding between 100 million and 1 billion XRP initially maintained stable balances before a sharp drop. 

Around March 28, whale holdings declined significantly. Over 48 hours preceding Martinez’s post, 1.12 billion XRP had been offloaded.

This led to increased market supply and further downward pressure on price. Historically, such large-scale liquidations have triggered panic selling among retail investors, amplifying the market’s instability.

Diverging Expert Predictions on XRP’s Future

Amid the whale dumping, market analysts have provided contrasting views on XRP’s future trajectory. Veteran trader Peter Brandt pointed to a head-and-shoulders pattern, suggesting that a drop below $1.90 could lead to a correction toward $1.07. 

Meanwhile, he noted that a move above $3 could negate this bearish setup, but risks remain elevated until then.

Conversely, another analyst, known as XForceGlobal, maintained a bullish outlook, emphasizing that XRP’s timeline remains independent of short-term market movements. The analyst projected a potential price range of $7 to $10 for 2025-2026, dismissing immediate bearish concerns.

Contrastingly, crypto trader Javon Marks highlighted a potential breakout, citing XRP’s historical performance following similar technical patterns. He pointed to a previous 570% price surge after a falling wedge breakout, suggesting that another significant rally could be on the horizon.

The relative strength index (RSI) also indicated positive momentum, supporting a potential upward movement.

XRP Price Trends Across Different Timeframes

Over the past 24 hours, XRP declined by 3.4%, continuing its downward trajectory. The weekly performance shows a steep drop of 14.5%, signaling strong selling pressure. 

A 10.4% decline over 14 days suggests persistent weakness, while the 30-day movement reflects a 4.9% decrease, reinforcing a bearish outlook. The cryptocurrency has struggled to sustain gains, remaining within a prolonged downtrend.

Ethereum Eyes $1,500 as $229M in Whale Liquidations Loom

Albert Brown
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Ethereum Eyes $1,500 as $229M in Whale Liquidations Loom

The price of Ethereum under $1,800 warns of a potential correction to $1,500, while optimistic traders hope for a double bottom reversal.

As Bitcoin crashes to $81,000, Ethereum has breached the crucial $1,800 support. Having created a 24-hour low at $1,754, Ethereum is currently trading at $1,809. 

However, despite the increased bearish influence, the possibility of a double-bottom reversal arises at a crucial support. Will Ethereum manage to regain bullish momentum? 

Ethereum Analysis Hints At Double Bottom Reversal

In the daily chart, the Ethereum price trend showcases a streak of six consecutive bearish candles. These account for a pullback of nearly 12%. Furthermore, the declining trend retests the $1,762 S1 pivot support level with lower price rejection. 

COINBASE:ETHUSD Chart Image by Trojan69420

Ethereum’s price action near this crucial support level indicates bullish dominance, hinting at the formation of a Doji candle. This suggests a potential double-bottom reversal, as Ethereum bounced back from the S1 pivot support level in early March.

The daily RSI reveals a bullish divergence, supporting the possibility of a double-bottom reversal. The neckline of the double-bottom pattern is near the $2,100 resistance level.

However, for the double-bottom reversal to be completed, Ethereum must break above the local resistance trendline, which has been limiting bullish growth within the broader falling channel pattern.

Ethereum Whales Face Liquidation Risk Worth $229M

Amid the declining Ethereum prices, crypto whales are at risk of significant liquidations. According to a recent tweet by LookOnChain, two whales on Maker DAO are holding Ethereum close to liquidation levels.

These whales hold 125,603 ETH, worth $229 million. The liquidation prices are set at $1,787 and $1,701. As the downtrend accelerates, large-scale liquidations could fuel an even steeper correction in Ethereum’s price.

Optimistic Analysts Hope for a Bounce Back

Despite the short-term selling pressure, crypto analyst Jonathan Carter points to the possibility of a bullish rebound. According to Carter, Ethereum is holding the lower boundary of a descending triangle pattern.

With a potential price rejection near the $1,800 mark, a bounce could challenge the $1,950 and $2,080 horizontal resistance levels. Carter extends his price targets to $2,230 and $2,320.

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Conclusion

The short-term price rejection from the 24-hour low suggests a potential bounce back. However, the looming risk of whale liquidations, worth $229 million, makes the situation precarious.

A close below the S1 pivot support at $1,762 would likely extend the correction phase, with a retest of the lower boundary of the falling channel pattern near $1,500.

On the other hand, a successful double-bottom reversal breaking the local resistance trendline could challenge the falling channel boundary near $2,300.

FDIC Clears Over 5,000 Banks to Engage in Bitcoin and Crypto Activities Without Prior Approval

Elendu Benedict
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FDIC Clears Over 5,000 Banks to Engage in Bitcoin and Crypto Activities Without Prior Approval

The FDIC has cleared banks under its jurisdiction to participate in Bitcoin and crypto-related activities without prior approval.

Another US regulator has eased earlier restrictions impeding banks from meddling with the digital asset industry. On Friday, the Federal Deposit Insurance Corporation (FDIC) issued a statement notifying banks under its purview to freely engage in crypto-related activities.

US Regulator Revokes Earlier Crypto Clause

The Financial Institution Letter FIL-7-2025, released on March 28, encourages banks to expand their borders into permissible digital asset and blockchain-related activities without sourcing prior FDIC approval.

This clears FDIC-supervised banks to service digital asset firms in the US as long as they implement necessary measures to manage risks associated with the industry, further broadening adoption.

The Friday statement rescinded an April 7, 2022, notification that aimed to impede interaction between financial institutions and the crypto industry. This previous letter mandated banks to notify the FDIC before engaging in any activity affiliated with cryptocurrencies.

For context, according to its official website, the FDIC supervises over 5,000 banks. This large figure reflects how important the announcement is for mainstream Bitcoin and crypto adoption in the United States.

Moreover, the ease follows a similar position from another US federal banking regulator. For context, the Office of the Comptroller of the Currency (OCC) cleared banks under its purview in early March to engage in crypto custody and distributed ledger validation, among others.

A Shift from a Flawed Digital Asset Approach 

The FDIC acting chair, Travis Hill, stated that the new measure marked a regulatory shift from the obscure measures impeding a forward-thinking approach towards emerging technologies in the past three years.

Furthermore, he noted that the federal regulator will engage with the White House crypto working group to lay out a milder approach toward Bitcoin and crypto for banks.

Meanwhile, the announcement also caught the attention of David Sacks, the White House crypto and AI czar. In a tweet, he applauded the FDIC and Hill for taking a more pragmatic approach toward crypto, insisting it would flare the growing flame of mainstream adoption.

If XRP/ETH Hits 0.003, XRP Could Reach $18 at $6K ETH—$30 XRP at $10K ETH: Top Analyst

Sam Wisdom Raphael
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If XRP/ETH Hits 0.003, XRP Could Reach $18 at $6K ETH—$30 XRP at $10K ETH: Top Analyst

Market expert Mr. Xoom shares how an XRP run to lofty two-digit targets is plausible using Fibonacci targets from the XRP/Ethereum pair.

He discussed this at a time when XRP and Ethereum were observing the effect of a broader market pullback that had pushed the global crypto market cap to a low of $2.66 trillion at press time. 

XRP Continues to Outperform Ethereum 

Interestingly, XRP appears to be showing greater resilience than the rest of the altcoin market. For context, Ethereum has collapsed 48.4% since February. In contrast, XRP has dropped 25% within the same timeframe.

As a result, the XRP/ETH pair, which tracks XRP’s performance against Ethereum, has continued to increase as Ethereum declines faster than XRP. Notably, since November 2024, the XRPETH pair has increased by 255%.

In his recent analysis, Mr. Xoom noted that he expects XRP to continue outperforming Ethereum as the market progresses. However, going forward, this outperformance would not be due to XRP falling slower than ETH, as has been the case since February, but as a result of XRP rising faster than ETH.

According to Mr. Xoom, while the XRP/ETH pair could continue to rise in the future, he believes Ethereum price would also increase alongside. Notably, the analyst expects the broader crypto market to recover, pushing Ethereum to rebound from recent levels. However, he still believes XRP will spike more than ETH in this market recovery.

For context, due to XRP’s outperformance over the past five months, the XRP/ETH pair has increased from 0.00002024 in November 2024 to the current value of 0.001197. Nonetheless, this level is still much lower than the pair’s peak of 0.003667 in December 2018, suggesting XRP might still have more room to grow against ETH.

XRPETH 1W Chart Mr Xoom
XRPETH 1W Chart | Mr Xoom

Data from Mr. Xoom’s chart shows that the crucial 0.003 psychological mark on the weekly XRPETH chart aligns with the 2.618 Fibonacci extension level. The analyst believes the pair is capable of rising from the current 0.001197 value to hit 0.003, representing a 150% increase.

XRP Prices at XRP/ETH Value of 0.003

Interestingly, Mr. Xoom projects Ethereum to possibly claim new all-time highs from $6,000 to $10,000 when the broader market recovers from the ongoing turbulence, marking an impressive rebound from the current price of $1,866. This aligns with Ali Martinez’s target.

Notably, if the XRP/ETH pair hits 0.003 when Ethereum trades at $6,000, this will translate to an XRP price of $18. Mr. Xoom had erroneously presented a price of $16. Further, if Ethereum changes hands at $10,000 when the XRPETH pair is at 0.003, the XRP price would stand at $30.

It bears mentioning that several analysts had predicted XRP to reach $30, with pundit DustyBC asserting last June that a “God candle” could do the trick. However, multiple cynics have dismissed the target, especially as it would lead to a market cap of $1.74 trillion for XRP.

Amid the pessimism, Mr. Xoom stressed in his recent analysis that the XRP/ETH projection is to show that the $30 target “isn’t completely crazy.” This echoes the sentiment of crypto trader Ralston Maximus, who suggested last October that the $30 to $35 is not a ridiculous target.

Here is How High Dogecoin Price can Go If DOGE is Used as Payment Method Across Musk’s Entire Ecosystem

Sam Wisdom Raphael
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Here is How High Dogecoin Price can Go If DOGE is Used as Payment Method Across Musk’s Entire Ecosystem

The Dogecoin price could witness a massive growth from utility-driven demand if it serves as a payment method across the Elon Musk ecosystem.

Dogecoin has seen its price fluctuate rapidly over the years amid growing utility. However, in recent months, the meme coin has continued to observe bearish pressure as the broader market fails to find its footing.

The Elon Musk Factor

Despite these fluctuations, some analysts believe that broader adoption could lead to a massive appreciation in Dogecoin price. The extent of this potential surge, however, remains uncertain, but some believe billionaire Elon Musk could contribute to it.

Elon Musk, the entrepreneur behind companies like Tesla and SpaceX, has been a vocal supporter of Dogecoin. His endorsements have often influenced the cryptocurrency’s price movements. 

For instance, in early November 2024, talks about starting the Department of Government Efficiency (D.O.G.E) contributed to a rise in Dogecoin price. This allowed the meme coin to add $2.5 billion to its market cap. However, most expect the largest spike to come from DOGE’s adoption as a payment method in the Musk ecosystem.

Valuation of the Musk Ecosystem 

The combined valuation of Musk’s business ventures is substantial. Currently, Tesla’s market capitalization stands at approximately $847 billion. SpaceX is worth around $350 billion. xAI, Musk’s artificial intelligence company, has an estimated valuation of $80 billion, according to a recent disclosure. 

Meanwhile, X (formerly Twitter) holds a valuation of about $33 billion. Further, the Boring Company and Neuralink are respectively worth $7 billion and $8 billion. Collectively, these valuations amount to a combined market capitalization of approximately $1.325 trillion.

Integrating Dogecoin as a payment method across Musk’s extensive business ecosystem could impact its value. To explore this possibility, we consulted ChatGPT, the AI language model from OpenAI, for some pointers.

Dogecoin Price if It Is Integrated in the Musk Ecosystem 

ChatGPT suggests that if Dogecoin were adopted as a standard payment method across Musk’s companies, the increased utility and demand could drive its price upward. 

Currently, with a trading price of $0.17 and a circulating supply of approximately 141 billion coins, Dogecoin’s market cap is around $24 billion. 

According to ChatGPT, if the market cap increased to $100 billion due to widespread adoption, Dogecoin price could rise to $0.70. A market cap of $250 billion might see the price reach $1.77. Further, it suggested Dogecoin price could hit $3.55 if its valuation hits $500 billion. Meanwhile, a $1 trillion cap would lead to a Dogecoin price of $7.10.

Dogecoin Price if It is Integrated in the Elon Musk Ecosystem
Dogecoin Price if It is Integrated into the Elon Musk Ecosystem | ChatGPT

Interestingly, ChatGPT then presented what it called a realistic scenario for Dogecoin price appreciation. The chatbot noted that if Dogecoin becomes the default payment method across the Musk ecosystem, a market cap of $250 billion to $500 billion, translating to a Dogecoin price of $1.4 to $3.5, is not impossible.

These Dogecoin price projections assume that the circulating supply remains constant and that the increased adoption directly translates to market capitalization growth. However, the prospect of the Musk ecosystem leveraging Dogecoin as a payment method remains unlikely at press time.

Shiba Inu To Reach This High If Dogecoin Hits $5

Lele Jima
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Shiba Inu To Reach This High If Dogecoin Hits $5

Shiba Inu could eliminate a zero from its price if it stays correlated with Dogecoin and DOGE hits a hypothetical price of $5. 

Dogecoin (DOGE) has influenced the performance of the broader meme coin market over the years. Notably, a bullish Dogecoin performance usually translates to a bullish performance for other meme coins like Shiba Inu and vice versa.  

Dogecoin’s Potential Surge to $5 

While Dogecoin’s performance might be discouraging at the moment, some experts are confident it is poised to reach lofty heights like $5. For instance, experts at Changelly forecast that Dogecoin will clinch this target by October 2034, nearly 10 years from now. 

To hit the $5 target, Dogecoin must surge by 2,798% from its current price of $0.1725. At that price, Dogecoin would have a market cap of $743.13 billion. 

Should Dogecoin reach this milestone, it could positively impact the broader meme coin market, with assets like Shiba Inu expected to benefit from such a surge. This is because Shiba Inu has a 95% correlation with Dogecoin over the past 60 days, according to data from IntoTheBlock. 

With such a high correlation, it is highly likely that Dogecoin’s performance might influence Shiba Inu’s price action. Therefore, Shiba Inu could experience a similar growth rate if DOGE spikes 2,798% to a $5 price target. 

Shiba Inu’s Price If DOGE Hits $5 

For context, Shiba Inu is currently trading at $0.00001280, with its market cap standing at $7.53 billion. If Shiba Inu experiences a similar growth rate of 2,798%, mirroring Dogecoin’s potential surge to $5, SHIB could be worth $0.00037 per token. 

This suggests that a portfolio of 100 million SHIB tokens, currently worth $1,280, could be valued at $37,000 should Shiba Inu hit the $0.00037 milestone. 

At a price of $0.00037, Shiba Inu would have a market cap of $218.5 billion. This analysis assumes that Shiba Inu’s circulating supply of 589.25 trillion tokens remains unchanged.

Can Shiba Inu Reach $0.00037?  

Hitting the $0.00037 price target would mark a new all-time high price for Shiba Inu, surpassing the previous peak of $0.00008845 by 318%. 

Given Shiba Inu’s current price of $0.00001280, it is uncertain whether SHIB will ever clinch the $0.00037 target or when it might occur. 

Meanwhile, Changelly experts predict that Shiba Inu will trade around the $0.00037 price level by 2030—five years from now. However, popular prediction platform Telegaon forecasts that SHIB will hit the $0.00037 target a year earlier, specifically by 2029. 

As previously reported, chairman of CIFDAQ Blockchain Ecosystem Himanshu Maradiya told Forbes in an interview that the price of SHIB will soar to $0.0003 this year. 

For this to happen, several factors, such as massive SHIB adoption, increased burns, and other Shiba Inu-related technological advancements, need to align to increase the odds of Shiba Inu hitting the $0.00037 target. 

XRP Reaching $10,000, Here is The Detailed Breakdown

Abdulkarim Abdulwahab
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XRP Reaching $10,000, Here is The Detailed Breakdown

Widely followed crypto commentator Joshua Jake recently commented on the prospect of XRP reaching $10,000 per coin.

Jake’s commentary responded to a mathematical breakdown by another analyst who attempted to explain why a $10,000 per coin XRP could be a reality someday.

Notably, the $10,000 price prediction proponent cited potential ETF approvals for XRP as one of the catalysts that could trigger a price surge. The analysis suggested that XRP could experience a supercycle due to ETFs, institutional adoption, traditional finance (TradFi), and crypto reserves. In this case, the analyst expected XRP to rally up to $100 in the summer.

However, as the analysis progressed, Jake added his commentary. He dismisses parts of the argument he considers misconceptions, especially since the video has gone viral. First, Jake stressed that XRP ETFs cannot propel XRP to even $100.

ETFs, TradFi, Cannot Send XRP to $100

He noted that if this were possible, the success of Bitcoin ETFs should serve as the benchmark. Specifically, he argued that ETFs should have pushed Bitcoin’s price to $1 million per coin, but that remains far from reality.

Furthermore, Jake clarified that ETFs primarily open up institutional involvement, leading to increased market-making and higher resistance levels. Even so, pushing XRP to $30 or even $20 would require an extraordinary amount of value.

Jake also dismissed the idea that a supercycle for XRP could be triggered by TradFi adoption and crypto reserves.

He countered that President Donald Trump signed an order to establish a crypto reserve, but XRP was not even mentioned. While Trump had previously referenced XRP, the final order did not include XRP or any other altcoins aside from Bitcoin.

Meanwhile, Jake stressed that even if XRP is later included in the US crypto reserve, it won’t create the supply shock that proponents of ambitious XRP projections discuss. He added that a realistic supercycle for XRP could only bring it to $15.

Market Cap Does Matter

Jake stressed that while proponents of ambitious XRP predictions often claim market cap doesn’t matter, he argued that it does. Notably, at $100 per coin, XRP’s market cap would be $10 trillion. At $10,000 per coin, the market cap would be $1 quadrillion, a value that exceeds the total wealth of the world.

As a result, Jake urged enthusiasts to be cautiously optimistic about XRP and not to rely on unrealistic scenarios.

Why Banks Won’t Pump XRP to $10,000

The XRP enthusiast made the claim that XRP could skyrocket to $10,000 in a hypothetical scenario where “absolutely every single bank in every single country” uses XRP, and the token is burned from transactions.

Jake disagreed with this, pointing out that the market is flooded with competition, and XRP will be just one part of the ecosystem.

He also noted that token burns are insignificant as XRP still has approximately 99.98 billion tokens in circulation despite all the burns over the past decade.

Furthermore, Jake pointed out that Ripple holds around 40% of XRP’s supply. He emphasized that banks won’t pump the price to $10,000 because it would give Ripple too much control, potentially making it a multi-trillion-dollar company.

“No bank would want to put themselves in that position,” he said. Jake argued that these institutions would instead launch their own blockchain solutions.

XRP Sees More Development than Bitcoin and Ethereum?

Furthermore, the $10,000 price prediction proponent claimed that Bitcoin and Ethereum are enjoying lofty prices while lacking major developments. However, Jake countered by highlighting Ethereum’s crucial development.

He pointed out that everything is being tokenized on Ethereum, citing its total value locked (TVL) of $50.75 billion, compared to others that rank far below. Additionally, he mentioned that banks are using Ethereum as the foundational layer for their crypto projects.

Meanwhile, the XRP analyst also claimed that Bitcoin is a joke without any use case. Jake countered that Bitcoin is the greatest digital store of value. He also cited its use in the carbon credit market and its adoption by companies like ExxonMobil to reduce energy emissions. 

Bitcoin has massive adoption and support from organizations like the IMF and the U.S. government. XRP, on the other hand, is not being adopted on the same scale.

Ultimately, Jake clarified that he is not bashing XRP but calling for an open conversation to guide enthusiasts against overly speculative information.

“It’s easy to get caught up in hype, but unrealistic expectations about XRP’s price could lead to disappointment,” he concluded.

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