Angel Investor Highlights XRP’s Potential Without Waiting for $10,000

Angel investor Armando Pantoja highlighted concerns among XRP holders as rival cryptocurrencies gain value. He emphasized that aiming for XRP to reach $10,000 is unrealistic and advised focusing on returns and practical uses instead.

Emphasis On ROI

  • Pantoja stated that XRP's price needs only to reach $8 from around $2.30 to yield significant returns, unlike Bitcoin, which must exceed $300,000 for similar gains.
  • XRP's market cap is approximately 7% of Bitcoin’s, allowing greater volatility in response to positive news.

Comparing Market Caps And Gains

  • Bitcoin hit an all-time high near $112,000, while XRP remains at $2.30, leading some to question XRP's momentum.
  • Despite this, XRP has increased over 300% in the past year compared to Bitcoin's 50% rise.
  • The crypto market generally follows Bitcoin's trends, impacting altcoins like XRP.

XRP’s Payment Use Case

  • XRP offers rapid payment settlements and can handle up to 1,500 transactions per second, outperforming traditional systems like SWIFT.
  • Low fees facilitate cost-effective cross-border transfers, enhancing its real-world utility.
  • Pantoja suggested that adoption by banks could drive XRP demand beyond speculative trading.

Investor Perspective And Risks

  • XRP faces ongoing legal challenges with the US SEC, creating uncertainty for investors.
  • Many in finance are adopting a wait-and-see approach until the legal situation stabilizes.