The price of 1 XRP could explode by more than 759% if XRP’s market cap reached the $350 billion mark. XRP has been one of the biggest beneficiaries of the ongoing market upsurge as Bitcoin broke $90,000. Amid the prevalent market push, XRP recently reclaimed the $1 price mark.XRP Joins Market RallyThis rally allowed XRP to cross the $60.9 billion market cap, its highest valuation since July 2021. As the upsurge persists, discussions around a price increase to lofty targets have resurfaced. For instance, earlier this month, market analyst EGRAG suggested that XRP could hit $17, leveraging a “bent fork” formation.Another market watcher, Steph, charged investors to procure XRP tokens before the altcoin claims a new peak of $14. While targets of a $4 price or a $6 value are logically attainable, some have doubted the feasibility of higher goals such as $14 and $17. These skeptics point to the market cap that could result from such ambitious targets. For the valuations from these audacious goals to materialize, the XRP market would need to welcome a substantial amount of capital. XRP Price at a $350B Market CapThroughout its decade-old journey, XRP has not clinched the coveted $100 billion valuation mark. The altcoin’s peak market cap was $95.5 billion, attained when its price spiked to an all-time high of $3.3 in January 2018. XRP has since dropped from this mark, struggling to maintain the $30 region this year.However, we recently assessed how much XRP would need to rally to claim a $350 billion market cap, roughly the size of Ethereum’s valuation before the latest uptrend. Such a market cap would mark a new territory for XRP, possibly buoyed by a flood of new capital.Currently, XRP has a circulating supply of 56.8 billion tokens, a jump from previous figures due to the periodic escrow releases from Ripple’s accounts. At the current circulating supply, the value of 1 XRP would need to rise by 759% to $6.15 for XRP to claim a $350 billion market cap. Both the $6 price mark and the $350 billion valuation are within reach for XRP. Some factors that could catalyze a run to these levels include the forthcoming XRP ETFs and launch of Ripple Stable coin (RLUSD) on XRP ledger.
El Salvador’s President Nayib Bukele’s Average Bitcoin Purchase Price Unveiled at $44,396.98 ————— 💰Coin: Bitcoin ( $BTC ) $90,512.10 ————— NFA.
The ETFs tracking the performance of both assets had a solid week, but went in the red at the end of it.
HO CHI MINH, Vietnam, 17th November 2024, Chainwire Read original article on coincu.com
CoinList to develop the DePIN Market with the First DePIN Collaboration with U2U Network this Q4
f you're searching for the best cryptos to invest in right now, Qubetics, Solana, Cardano, Ripple, and Binance stand out as potential leaders for innovation and growth. Read original article on coincu.com
HO CHI MINH, Vietnam, 17th November 2024, Chainwire
MicroStrategy’s Average Bitcoin Purchase Price Stands at $42,888.13, Reveals SaylorTracker.com ————— 💰Coin: Bitcoin ( $BTC ) $90,633.40 ————— NFA.
Pepe Returns could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did. Pepe Returns (PEPERETU), a Solana memecoin launched today, is set to explode over 16,000% in price in the coming days. This is because PEPERETU is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings. Currently, Pepe Returns can only be purchased
Cryptocurrency circles are abuzz with talk of a rising star in the altcoin world. Rumors suggest that Dogen could experience an unprecedented surge in value. As the altseason unfolds, all eyes are on this digital coin. Could Dogen be on the verge of transforming the crypto landscape? The unfolding story promises to captivate investors and