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BULLISH 📈 : Pundit Explains Why XRP Reaching $100 Isn’t Delusional
The notion of XRP reaching $100 is often dismissed due to market capitalization concerns. A $100 value would imply a market cap of at least $6 trillion, which many consider unrealistic compared to today's crypto market.
XRP as a Value Mover, Not a Store
- 24HRSCRYPTO argues that market cap math is misleading for XRP, which is designed for high-velocity settlement rather than storing value.
- XRP should facilitate rapid capital movement across systems and borders, not warehouse trillions of dollars.
- If used for global liquidity and transaction settlements, XRP could see repeated use in short periods, driving demand and trust rather than static market cap comparisons.
- Under this framework, XRP at $100 isn’t delusional but aligned with its role as a global settlement asset.
Market Cap Math in the $100 Debate
- Skepticism stems from straightforward math: XRP trading at $1.92 is 5,100% away from $100.
- Its circulating supply of 60.85 billion tokens implies a $6 trillion market cap at $100, larger than the entire current crypto market cap.
- Market cap is considered a hard ceiling, requiring trillions to sit idle in XRP's market cap for it to trade at $100, conflicting with its liquidity-focused nature.
- This doesn't guarantee XRP can reach $100 without reflecting such a market cap in circulating tokens.