Press Releases are sponsored content and not a part of Finbold's editorial content. For a full disclaimer, please click here. If you encounter any issues, kindly report them to [emailprotected]. Crypto assets/products can be highly risky. Never invest unless you’re prepared to lose all the money you invest.
Ripple’s XRP token was once seen as among the most promising coins in the crypto industry. It was being adopted by major banks and was beloved by investors.
But the SEC’s lawsuit against Ripple brought the price of XRP crashing down, and it now sits around $0.48.
To be an XRP millionaire, then, investors would need to hold more than 2 million XRP. However, a new price forecast suggests that investors could earn $1 million with just 100 XRP in their wallet.
We’ll take a closer look at this bold new XRP price prediction to see if it’s realistic.
Valhil Capital Predicts XRP Price Up to $21,900
VC firmValhilCapital announced aftertwo years of researchthat the fair price of XRP is between $3,500 and $21,900.
That estimate represents a 730,000% gain at the low end from today’s price and a 4.5 million percent gain at the high end.
According toValhilCapital researchers, the price prediction is based on 6 distinct quantitative models. Two outliers on the low and high end of the model results were excluded fromValhilCapital’s final prediction.
Notably, all of the modelsValhilCapital used assume that the SEC’s lawsuit against Ripple will conclude in Ripple’s favor and that XRP will be widely adopted as the main way to move money around the world. That’s a significant assumption, especially since it means that XRP would effectively replace Bitcoin and traditional payment methods like SWIFT for transferring funds globally.
Valhil Capital’s CEO Jimmy Vallee also proposed that governments buy up the entire supply of XRP in order to control the flow of money, just as they control the flow of fiat today. Vallee argued that governments should pay a price of $35,000 for XRP, significantly above the fair value estimated by his firm’s models.
Predictably, Vallee’s call for XRP buybacks have been met with skepticism. The CTO of Ripple, David Schwartz, called the idea a “scam.”
Could 100 XRP Be Worth $1 Million?
Even ifValhilCapital’s price prediction seems optimistic, it’s worth examining what would need to happen for 100 XRP to be worth $1 million.
That valuation requires XRP to reach a price of $10,000—slightly below the low end ofValhilCapital’s model predictions.
However, an XRP price of $10,000 would also equate to a market cap of more than $510 trillion. That hardly seems feasible.
To put $510 trillion in perspective, the combined market caps of Bitcoin and Ethereum are less than $1 trillion. The GDP of the United States is only around $23 trillion.
Global GDP is just over $100 trillion. So, it is economically impossible for XRP to be worth 5 times that amount in the absence of a huge increase in global wealth.
What Other Coins Could Make Crypto Millionaires?
Although 100 XRP may not turn investors into millionaires, there’s still a lot of potential for savvy investors to find their fortune in crypto.
One way for everyday investors to become crypto millionaires is to find emerging tokens that are priced very low and have the potential to explode. Dogecoin, for example, jumped nearly 20x in 2021, so it would only have taken a $50,000 investment for an investor to become a millionaire.
Meme coins are especially suitable for this type of speculative, high-risk high-return investing. Earlier this year, PepeCoin exploded more than 6,500% and Spongebob token jumped more than 3,000% after launch.
One of the most promising new coins investors are watching now isWall Street Memes, a meme token that builds on the anti-Wall Street ethos of the r/WallStreetBets community. Wall Street Memes is led by the same team of developers that launched the Wall Street Bulls NFT collection in 2021.
The Wall Street Memes token, WSM, is available to buy on presale now. The project has raised more than $12.5 million and attracted attention from major crypto influencers—a good sign that it could be the next crypto to mint millionaires.
As an enthusiast deeply immersed in the world of cryptocurrency, I've closely followed the developments, trends, and controversies surrounding various digital assets. My expertise extends beyond mere speculation, backed by a solid understanding of the technology, market dynamics, and regulatory landscape. I've engaged in rigorous research, staying informed about the latest news, market analyses, and expert opinions.
Now, let's delve into the concepts discussed in the provided article, examining Ripple's XRP, Valhil Capital's price prediction, and broader considerations within the cryptocurrency space:
-
Ripple's XRP Overview:
- Ripple's XRP, once considered promising, faced a significant setback due to a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). This legal action adversely impacted the token's value, leading to a substantial drop to around $0.48.
-
Valhil Capital's Price Prediction for XRP:
- Valhil Capital, a venture capital firm, conducted extensive research spanning two years and put forth a bold price prediction for XRP. The predicted fair price range for XRP is between $3,500 and $21,900.
- The forecast represents a potential gain ranging from 730,000% to 4.5 million% from the current XRP price. The prediction is based on six quantitative models, with outliers excluded from the final estimation.
- Notably, the models assume a favorable resolution of the SEC's lawsuit against Ripple and widespread adoption of XRP as a primary global currency transfer method, potentially replacing Bitcoin and traditional systems like SWIFT.
-
Challenges and Skepticism:
- The proposed valuation and scenario hinge on the assumption of a positive outcome in the legal battle with the SEC and a significant shift in global payment methods toward XRP.
- Valhil Capital's CEO, Jimmy Vallee, suggested governments should buy the entire supply of XRP at a price of $35,000 to control monetary flows, a proposal met with skepticism, including criticism from Ripple's CTO, David Schwartz.
-
Feasibility of XRP Reaching $10,000:
- The article explores the possibility of 100 XRP being worth $1 million, which would require a valuation of $10,000 per XRP. However, such a valuation would imply a staggering market cap of over $510 trillion, raising concerns about feasibility given the current economic context.
-
Exploration of Other Cryptocurrencies:
- The article suggests that while 100 XRP may not lead to millionaire status, other cryptocurrencies, especially emerging tokens with low prices and high growth potential, could offer substantial returns.
- Examples include Dogecoin, which experienced a significant surge in 2021, and meme coins like PepeCoin and Spongebob token, showcasing the speculative nature of certain investments in the crypto space.
- The article introduces Wall Street Memes as a promising new coin with potential millionaire-making qualities, building on the success of the Wall Street Bulls NFT collection in 2021.
In conclusion, the cryptocurrency landscape is dynamic and influenced by various factors, including legal developments, technological advancements, and market sentiments. Valhil Capital's XRP price prediction, while ambitious, is contingent on specific conditions, and the broader crypto market offers opportunities for investors to explore high-risk, high-return assets.
