XRP Analyst Warns 99% of Investors May Soon Be Priced Out of 10,000 Token Target
The post XRP Analyst Warns 99% of Investors May Soon Be Priced Out of 10,000 Token Target appeared on BitcoinEthereumNews.com. Edoardo Farina suggests most investors won’t afford 10,000 XRP in the future. Current 10,000 XRP costs $22,300 but could reach $1 million at $100 price target. Analyst draws parallels to Bitcoin’s early days when 10 BTC cost $11,000. XRP community analyst Edoardo Farina has warned that 99% of average investors may soon be unable to purchase 10,000 XRP tokens as the cryptocurrency’s price could surge to levels that price out most market participants. The Alpha Lions Academy founder and XRPHealthcare Head of Social Adoption has consistently advocated for the 10,000 XRP accumulation target. Currently trading at $2.23, 10,000 XRP tokens cost $22,300, placing them within reach of many investors despite being expensive for some income brackets. However, Farina believes this accessibility window may close as XRP’s price appreciation accelerates beyond current levels. The analyst has previously stated plans to begin taking profits when XRP hits $10 while holding most of his position until the asset reaches $100. If XRP achieves the $100 price target, the 10,000 tokens currently worth $22,300 would be valued at $1 million. To put this in perspective, an average U.S. salary earner making $65,000 annually would need to save for fifteen years without spending any income to afford 10,000 XRP at $100 per token. This calculation supports Farina’s assertion that most investors would be priced out at higher price levels. Bitcoin precedent supports accessibility argument Farina draws parallels to Bitcoin’s price evolution to support his thesis. In May 2013, when BTC traded around $110, early adopter Davinci Jeremie urged investors to acquire Bitcoin while it remained accessible. At that time, 10 BTC cost approximately $11,000, within reach of many investors. Owning just 10,000 $XRP will be impossible for 99.999% — EDO FARINA
The post XRP Analyst Warns 99% of Investors May Soon Be Priced Out of 10,000 Token Target appeared on BitcoinEthereumNews.com.
Edoardo Farina suggests most investors won’t afford 10,000 XRP in the future. Current 10,000 XRP costs $22,300 but could reach $1 million at $100 price target. Analyst draws parallels to Bitcoin’s early days when 10 BTC cost $11,000. XRP community analyst Edoardo Farina has warned that 99% of average investors may soon be unable to purchase 10,000 XRP tokens as the cryptocurrency’s price could surge to levels that price out most market participants. The Alpha Lions Academy founder and XRPHealthcare Head of Social Adoption has consistently advocated for the 10,000 XRP accumulation target. Currently trading at $2.23, 10,000 XRP tokens cost $22,300, placing them within reach of many investors despite being expensive for some income brackets. However, Farina believes this accessibility window may close as XRP’s price appreciation accelerates beyond current levels. The analyst has previously stated plans to begin taking profits when XRP hits $10 while holding most of his position until the asset reaches $100. If XRP achieves the $100 price target, the 10,000 tokens currently worth $22,300 would be valued at $1 million. To put this in perspective, an average U.S. salary earner making $65,000 annually would need to save for fifteen years without spending any income to afford 10,000 XRP at $100 per token. This calculation supports Farina’s assertion that most investors would be priced out at higher price levels. Bitcoin precedent supports accessibility argument Farina draws parallels to Bitcoin’s price evolution to support his thesis. In May 2013, when BTC traded around $110, early adopter Davinci Jeremie urged investors to acquire Bitcoin while it remained accessible. At that time, 10 BTC cost approximately $11,000, within reach of many investors. Owning just 10,000 $XRP will be impossible for 99.999% — EDO FARINA
What's Your Reaction?
