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Research Group Predicts XRP at $18K—Too Good to Be True?
In a recent whitepaper published by Valhill Capital, a research group has predicted that the price of Ripple’s native cryptocurrency, XRP, will hit an astonishing $18,000. While this projection may seem unrealistic or even laughable to some, it is essential to examine the underlying reasoning and data behind these findings.
According to the report, the prediction is based on a comprehensive approach to determine the fair market value of XRP. The analysis utilizes multiple valuation models, including the Discounted Cash Flow (DCF) method, which assumes Ripple’s XRP Ledger will replace traditional remittance systems like SWIFT in the future. This ambitious scenario envisions a global transaction volume reaching $104 trillion and an economic growth rate of 2% between 2023 and 2032.
To reach this valuation, the model takes into account a 10% discount rate, $915 trillion total transaction present value, and $50.7 billion XRP circulating supply. This analysis yields an astonishing projection of $18,036 per coin.
While these predictions may be difficult to swallow for some, it is crucial to consider the potential catalysts driving such growth. Notably, the report highlights the possibility of a spot ETF approval, which could significantly impact the cryptocurrency’s price.
The research group’s findings should not come as a shock, considering the resilience XRP has displayed in the face of regulatory challenges. Moreover, the chief investment officer at Bitwise, Matt Hougan, recently expressed his optimism regarding the approval of XRP ETFs due to its track record of performance during turbulent times.
However, it is essential to note that RippleNet and XRP are far from realizing these ambitious projections. As such, investors should conduct their own research and consult with financial advisors before making investment decisions based solely on this report.
In conclusion, while the prediction may seem overly optimistic, it serves as a reminder of the potential upside in the cryptocurrency market. It is crucial for investors to stay informed and adaptable, acknowledging both the risks and opportunities presented by the industry.
Please note that this article does not provide investment advice or recommendations within the context of the Securities Trading Act.
