Recently, there was a massive XRP Price prediction, which many think is outrageous. So, there was a video on YouTube that said that XRP Price had the chance of getting to as much as $352 in the future. Note that the details of the video and this content are not financial advice.
Crypto Analyst Predicts XRP Price to Explode by Over 58,000%
- There was an outrageous prediction from a crypto analyst about XRP Price. Apparently, the price of this token is increasing to new levels, prompting this level of prediction. So, this was according to a video posted on YouTube. Furthermore, the crypto analyst behind the JWK Show channel made these predictions about XRP Price. Thus, this made many people start talking about sentiments around this crypto token. According to this man, he said XRP’s price could potentially rise to as high as $352. So, when this happens, this could be as much as a 58,000% increase for the token.
- For the longest time, XRP is now among the top 10 cryptocurrencies. Apparently, the market cap of this token is increasing, together with the broader crypto market. Other things, such as the trading and social volume of this cryptocurrency, are also increasing to new levels. So, it is factors like this that helped in the calculation of the XRP Price increase for the future. How did the calculation happen?
Calculations for XRP Price Increase
- One of the things people were interested in was the determination of the numbers. So, the analyst in the YouTube video made this conclusion after using an XRP calculator. Furthermore, the calculator used was on a valuation model developed by Susan Athey and Robert Mitchnick. Another striking thing is that Susan Athey is on Ripple’s board, and Robert Mitchnick a former employee at the firm.
- Moreover, some metrics help in the calculations. For instance, transaction volume, circulating supply, and store of value were some of the metrics. Notably, there was no timeframe for when this price could be a reality. However, the calculations were on a five-year outlook.
$352 Far Reaching for XRP
- According to other counter analyses, making the XRP Price prediction to be $352 is kind of too much for the token. So, this is considering that the XRP price is yet to hit the $1 figure. Nevertheless, there are many other analysts who argue that anything is possible in the crypto industry. In fact, one of them, like Davinci Jeremie, says that XRP Price stands the chance of hitting any figure. Moreover, this shows how much people believe in cryptocurrency.
Conclusion
As a recap, XRP Token is one of those cryptocurrencies that has a large following in the market. So, they have a large community, and even the market metrics, such as market cap, are increasing to new levels. So, there was a recent XRP Price prediction saying that it can increase to as much as $352. While this is possible in the future, one should be careful how they invest their money.
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
