I know this might sound crazy, but I’ll share it here anyway to hear your thoughts.
As we all know, we’re in a speculative market, and as the crypto market continues to grow, it’s possible that XRP could reach this level.
Based on analysis, here are the key factors that could make it happen:
https://cointelegraph.com/news/xrp-price-to-18-k-one-crypto-research-group-says-it-is-possibleXRP to $18,000?
In June 2023, a month before XRP was declared “not a security” by Judge Analisa Torres, a valuation white paper named “A Comprehensive Approach To Determine The Fair Market Value Of XRP” was released.
The white paper was published by Valhill Capital, where multiple authors presented five valuation models to evaluate XRP’s long-term price, with “XRP Valuation Model #4” taking the sweet spot as the most ideal outlook based on token utility and future global adoption.
Utilizing the Discounted Cash Flow (DCF) approach, the basic assumption taken was that Ripple would handle a large portion of global transactions in the next 10 years, generating fees on the XRP Ledger (XRPL) and possibly tokenizing a substantial portion of global wealth, while replacing traditional remittance systems likes SWIFT. The valuation analysis was carried out based on the following data:
Base Global Transaction Volume: $104 Trillion
Economic Growth Rate (Over 10 years, 2023-2032): 2%
Applied Discount Rate: 10%
Total Transaction Present Value: $915 Trillion
XRP Circulating Supply: $50.7 billion
Price per XRP: $18,036
Anyone could predict that and drop the figures base on what they believe to be reached by XRP, but if you find their basis on why they say that you will find out that this is just another nonsense claims.
They are just using the growth of Bitcoin and think about XRP would go the same.
People need to look on how it can gain such huge demands also volumes so that this coin would pump like that. I guess they are just hyping people since maybe they have long position placed and maybe want to trick people out there so that they can hit their selling targets.