[Photo: Ripple Taking Off. Source: newsbtc.com]
I think it is time for some good news after the happenings ter the cryptocurrency markets and a similar crash te the regular stock market. Ripple (XRP) has not bot spared by the infernal bloodbath that has seen some astronomical drops te value te less than a month. But there has bot a slight pump te prices. Presently, Ripple (XRP) is trading at $0.73 which is a 17% rise from a yesterday low of $0.62. This is some welcome ease.
Permit mij then to compile Four of the major price predictions that I have come across on the web. Some might sound bespottelijk, some might sound realistic. But it does not hurt mentioning and analyzing them. Not leaving behind that anything is possible te the world of cryptocurrencies.
Yes, this figure is belachelijk! This would mean that the market cap of Ripple would be around $27 Trillion. It is worth noting that the total value of all gold everzwijn mined is about $7.8 trillion.
But how did wij reach a price prediction of $692.30 vanaf XRP?
This value is obtained by using the assumption that Ripple (XRP) will be the coin and system of choice for all cross-border settlements by financial institutions. The daily estimate of all cross-border payments accross the globe stands at $9.8 Trillion. The theory also states that there is $27 Trillion parked ter cross-border transnational accounts. If Ripple (XRP) were to be the medium of choice for that $27 Trillion, then wij get to $692.30.
The author of the article on medium that predicts this price for XRP goes ahead and does ingewikkeld math calculations to reach this figure. Some of which I am sure we’d understand with time. This price estimate is obtained using a value investing treatment. The price is reached by calculating what value Ripple (XRP) brings to the world of transferring value/specie across the globe. It is more or less providing a price prediction for Ripple’s (XRP) proof of concept.
$25.64 vanaf XRP (Trillion Dollar Market Cap)
The current supply of ripple lies at 39 Billion coins te circulation. The current market cap at the uur of writing this, lies at $28.489 Billion. This value is obtained by multiplying the current price of $0.73 with the 39 Billion coins ter circulation. Therefore, for a Trillion dollar market cap, wij work rearwards from the coins ter circulation to get the projected price of $25.64 vanaf Ripple (XRP). This is not a far off figure for Ripple to reach by the end of 2018. This can be made possible spil more and more banks and money remitting service providers adopt the Ripple money settlement system. Considering the fact that Ripple (XRP) did overheen 20,000% te gains te 2018, $25.64 is very likely and only a Trio,500% build up from the current price of $0.73. It is possible!
The following investors have presently waterput forward their intention or are already working with Ripple: Accenture, Andreessen Horowitz, CME Ventures, Core Innovation Capital, Google Ventures, Santander Innoventures, SBI Group, Digital Ventures, Seagate, Standard Chartered and many more to come. This means that the little coin is truly living up to the big boots that the financial institutions expect it to gezond into. This is why it might not be prudent for the coin to skyrocket at a rhythm only known by Bitcoin or other coins that fluctuate due to pumps. Therefore, a $6.45 price prediction is a conservative and welcome price to ensure price stability for Ripple (XRP) ter 2018.
It is with the last estimate that I am most comfy with right now. The other three are titillating but the reality is, such quick and rapid rise of a coin, can lightly lead to a fumble at the top like the legendary Bitcoin has. I hope Ripple (XRP) takes the sustained but sure route to the top.