Why XRP Will Not Reach $100 By End Of Year Despite ETF Launch

Why XRP Will Not Reach $100 By End Of Year Despite ETF Launch

Interest in XRP has increased massively after the launch of Spot XRP ETFs, leading some supporters to float a $100 per token rally before the end of the year. That scenario, however, appears highly unrealistic when basic market fundamentals are considered.  In a recent post on X, Zach Humphries dismissed triple-digit predictions, calling them “delusional” and warning that they mislead people who don’t grasp the math behind market valuation. The Market Cap Reality Check Any attempt to peg XRP at $100 must first contend with its circulating supply and the resulting total valuation that such....


Related News

56% of Bitcoiners Believe the Bitcoin Price Will Reach $10k in 2014

More than half of bitcoiners believe the price of their favourite digital currency will reach $10,000 this year, a CoinDesk poll has revealed. 2013 was a turbulent year for bitcoin, with the price of the digital currency fluctuating between $13 and $1,147, but the bitcoin community largely thinks it will soar way higher than this over the next 12 months. A whopping 56% of the 5,500 people polled so far said they believe the price will reach $10,000 this year. Some 31% said they didn't think the price would rise to this level and 13% thought the notion of it reaching $10,000 was ridiculous,....

DOGE-1 moon mission set for launch with SpaceX in early 2022

The Dogecoin-funded payload appears to be on track for launch in the first quarter of 2022 on board SpaceX’s Falcon 9. DOGE-1, the first crypto-funded mission to the moon, is set to launch early next year following a new partnership between two blockchain companies and manufacturer Geometric Energy Corporation, also known as GEC.Smart exchange ecosystem Unizen and DeFi incubator ZenX announced Wednesday that they are in the process of building and launching DOGE-1, a 40-kilogram — roughly 88 pounds — cubesat that will provide a new use case for cryptocurrencies. The cubesat will travel to....

Finder’s Experts Predict Ethereum Will Reach $4.5K This Year, $18K in 2025

Ethereum will have a very bullish year, according to a price prediction poll made by Finder. The average price that the second-ranked crypto asset by market capitalization will reach this year is about $4.5K, according to polled experts in the cryptocurrency industry. The panel is also bullish about ethereum long term, expecting a price of about $18K for the year 2025. Experts Bullish About Ethereum in the Short Term Finder, an investing companion app, released its Ethereum price prediction poll results, which reveal a bullish sentiment for the present and future of Ethereum. 27 of 42....

Analyst Who Predicted Bitcoin Top Says Price Will Not Reach $116,000 In The N...

Crypto analyst Snow, who called the Bitcoin top, has declared that BTC will not reach $116,000 in the next year. He made this comment while downplaying the recent market recovery, claiming it was merely a dead-cat bounce.  Analyst Says Bitcoin Will Not Break Above $116,000 In The Next Year In an X post, Snow stated […]

CNBC: Forget About Dow, Bitcoin to Reach $1,000

Recently, analysts at CNBC stated that Bitcoin will most likely reach its $1,000 milestone before the Dow surpasses 20,000 - and CNBC looks likely to be accurate once more. The Dow Jones Industrial Average is set to reach 20,000 points, which is considered by investors and the Wall Street as a major milestone. In the beginning of 2016, the Dow opened at around 17,150 points. Throughout the year the Dow continued to increase but in the final months, it stumbled, failing to cross the 20,000 mark. The Dow declined further as the new year approached, dropping by another 57 points over the past....