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Here’s XRP Price if It Reclaims Its Ratio of Bitcoin Market Cap Before SEC Lawsuit
In a surprising turn of events, XRP’s valuation has skyrocketed to unprecedented heights. As of now, the market cap stands at $132 billion, while Bitcoin’s sits at an astonishing $1.93 trillion. This raises an intriguing question: what would happen if XRP reclaimed its previous ratio of Bitcoin’s market capitalization?
To put this into perspective, it’s essential to revisit the past. In 2018, XRP held a remarkable 49.4% of Bitcoin’s market cap. At that time, XRP’s valuation was $33 billion, and Bitcoin’s stood at $838 billion. Fast-forwarding to today, with XRP’s current market capitalization at $132 billion and Bitcoin’s at $1.93 trillion, it is not impossible for XRP to regain its former ratio.
Should this occur, the implications would be nothing short of massive for prices. At a 49.4% ratio, XRP’s market cap would soar to an astonishing $953 billion. This translates to a price increase of 621% from its current valuation.
Source: thecryptobasic.com
