Meanwhile, cryptocurrency researcher Andreessen also weighed in on the discussion, comparing the potential of Ripple (XRP) to Bitcoin. He noted that if Bitcoin can reach $1 million, then a target price of $1,000 for Ripple shouldn't be overlooked. Currently, Bitcoin is trading at around $115,500, with a market capitalization of approximately $2.3 trillion. Ripple, trading at $2.94, has a market capitalization of $174 billion, ranking third globally. Andreessen's view is that if market sentiment and adoption can propel Bitcoin this far, then there's no reason Ripple can't follow a similar path. Meanwhile, Bitcoin would only need to increase tenfold from its current price to reach $1 million. This would bring its market capitalization close to $21 trillion, still lower than the world's most valuable asset, gold, which has a market capitalization of $22 trillion. On the other hand, XRP would need to rise by more than 33,200% from its current level to reach $1,000, at which point its market capitalization would reach $59 trillion, exceeding the combined market capitalizations of gold, Bitcoin, Apple, Nvidia, and Microsoft. Critics consider this forecast unrealistic, as such a price would place XRP above other globally valuable assets. Notably, some industry leaders predicting XRP will reach $1,000 have set timelines ranging from 2026 to 2035. Meanwhile, many believe Bitcoin will reach $1 million.
BTC
-1.73%
XRP
-5.83%
Risk and Disclaimer:The content shared by the author represents only their personal views and does not reflect the position of CoinWorldNet (币界网). CoinWorldNet does not guarantee the truthfulness, accuracy, or originality of the content. This article does not constitute an offer, solicitation, invitation, recommendation, or advice to buy or sell any investment products or make any investment decisions
No Comments
edit
comment
collection
like
share