Here’s How 1,000 XRP Could Turn Into $3,380,000
The post Here’s How 1,000 XRP Could Turn Into $3,380,000 appeared on BitcoinEthereumNews.com. An XRP community figure has analyzed how just 1,000 XRP tokens could be worth millions in the future, when factoring in XRP’s full potential. XRP Remains Undervalued at $2 Notably, XRP has held steady around the $2 range, but many crypto analysts believe the token still trades far below its true worth. Their argument centers on XRP’s growing utility, especially in global payments. As a result, some community analysts have begun estimating just how high XRP’s price could climb once the market fully recognizes its potential. The latest of these estimations came from The5Blairs, a community figure. In a recent commentary, The5Blairs explained how XRP, at its current price of $2.20 and with 60 billion tokens in circulation, could handle about $1.3 trillion in yearly on-chain volume. For context, the calculation uses an annual velocity of 10. Notably, annual velocity refers to how often each token moves through the system each year. The analyst then went on to highlight several factors that could propel XRP to this height. Factors That Could Push XRP Price Upward First, he pointed to Ripple’s 1,700 signed non-disclosure agreements with banks, tech companies, and payment platforms. Importantly, these NDAs, revealed through court documents during Ripple’s legal fight with the SEC, show just how deeply Ripple has engaged with institutions exploring XRP’s use. In addition, The5Blairs highlighted a recent comment from Ripple CEO Brad Garlinghouse. Last month, Garlinghouse predicted that XRP could process up to 14% of SWIFT’s total volume within five years. For context, SWIFT, the dominant global financial messaging network, currently routes about $150 trillion each year. If XRP handles 15% of this volume, it could be on track to move over $20 trillion annually just from that channel. However, it doesn’t stop there. The5Blairs also pointed to XRP’s potential to capture a portion…
The post Here’s How 1,000 XRP Could Turn Into $3,380,000 appeared on BitcoinEthereumNews.com.
An XRP community figure has analyzed how just 1,000 XRP tokens could be worth millions in the future, when factoring in XRP’s full potential. XRP Remains Undervalued at $2 Notably, XRP has held steady around the $2 range, but many crypto analysts believe the token still trades far below its true worth. Their argument centers on XRP’s growing utility, especially in global payments. As a result, some community analysts have begun estimating just how high XRP’s price could climb once the market fully recognizes its potential. The latest of these estimations came from The5Blairs, a community figure. In a recent commentary, The5Blairs explained how XRP, at its current price of $2.20 and with 60 billion tokens in circulation, could handle about $1.3 trillion in yearly on-chain volume. For context, the calculation uses an annual velocity of 10. Notably, annual velocity refers to how often each token moves through the system each year. The analyst then went on to highlight several factors that could propel XRP to this height. Factors That Could Push XRP Price Upward First, he pointed to Ripple’s 1,700 signed non-disclosure agreements with banks, tech companies, and payment platforms. Importantly, these NDAs, revealed through court documents during Ripple’s legal fight with the SEC, show just how deeply Ripple has engaged with institutions exploring XRP’s use. In addition, The5Blairs highlighted a recent comment from Ripple CEO Brad Garlinghouse. Last month, Garlinghouse predicted that XRP could process up to 14% of SWIFT’s total volume within five years. For context, SWIFT, the dominant global financial messaging network, currently routes about $150 trillion each year. If XRP handles 15% of this volume, it could be on track to move over $20 trillion annually just from that channel. However, it doesn’t stop there. The5Blairs also pointed to XRP’s potential to capture a portion…
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