How Many Ripple (XRP) Coins Do You Need to Be a Millionaire? Is $100 Per Token Possible?

2024-8-28 23:45

24hrsCrypto addressed a topic of concern among many XRP holders: how many tokens they need to become a millionaire. The analyst also discussed why market capitalization may not affect the price growth of XRP as many people assume.

Ripple has a vision of providing an “internet of value,” just like Amazon was in its early days. He mentioned that Ripple is aiming for a market cap of more than $10 trillion. The company plans to change the way money transfers are carried out with its unique fast and cheap system.

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Show more +Show less – How Many XRP Tokens Will Be Needed at Key Milestones

With a conservative estimate of 100 billion tokens in circulation, the analyst explained three tiers of XRP tokens that could give holders millionaire status.

Let’s look at them one after the other:

At $30 per XRP: 33,333 XRP would be needed to be a millionaire, currently valued at $19,696.36 This price point could be achieved with a daily volume of around 500 billion for XRP and a market cap of approximately $3.2 trillion. At $60 per XRP: 16,667 XRP would be required, presently worth $9,848.18. This scenario envisions a daily volume of about $1.2 trillion and a market cap of $6.4 trillion. At $100 per XRP: 10,000 XRP would suffice, currently costing $5,909. This projection assumes a daily volume of roughly $1.7 trillion and a market cap just under $10 trillion.

Read Also: Massive Drop in Litecoin (LTC) Small Holders Signals Potential Bullish Reversal

Why High Market Cap Cannot Disrupt Ripple’s XRP Price Growth to $100 

Many may see the price targets as ambitious, but the analyst sees them as realistic based on several reasons. With XRP’s market price already on the high side, many don’t think the price will rise as much in the future.

The analyst’s argument is that those who have doubts are comparing XRP with the stock market. He explained that while stocks represent ownership in a company, utility tokens serve specific functions within a network. The value of crypto tokens is driven by their utility and demand for the services they enable.

The presenter highlighted the trend towards a tokenized economy, where asset liquidity will be crucial as more assets become tokenized. He stated that the market cap of a utility token reflects the value of the entire network it supports, not just a single company.

According to the analyst, the potential market cap of a utility token is limitless because it scales with the growth of the network and the global economy.

The crypto expert emphasized Ripple’s efforts in creating a network of trust, leveraging XRP to run a smooth economy. He urged viewers to educate themselves about the sector and get involved, describing the ecosystem as a once-in-a-lifetime opportunity.

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The post How Many Ripple (XRP) Coins Do You Need to Be a Millionaire? Is $100 Per Token Possible? appeared first on CaptainAltcoin.

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Источник: captainaltcoin.com

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