[ad_1]
Source: SPF – Shutterstock
- “Credible Crypto” predicts that the XRP price will rise as high as USD 20-30 during the next bull run on the cryptocurrency market.
- According to the analyst, the rally will take place within the next two to three years.
Famous crypto analyst, “Credible Crypto” has joined other experts who are predicting a massive increase in the price of XRP since yesterday. The technical analyst explained in a series of tweets to his 68,000 followers that XRP could rise to between USD 20 and USD 30 in the next bull run in the cryptocurrency market due to its fundamentals. However, Credible Crypto dismissed the prices beyond that as unrealistic:
Keep it real. XRP the price IS NOT “predetermined”. XRP It is NOT “backed by gold”. XRP It will NOT reach the prices BTC ha ($ 10,000 +). XRP It will NOT replace the dollar. But you don’t need to do ANY of these things to get you and I to change money over the next 3 years.
I don’t know long term, but look for $ 20- $ 30 in the next bull run (2-3 years).
Credible Crypto argues that a price close to $ 10,000 is unrealistic, as XRP would have to reach a market cap of $ 1,000,000,000,000,000 for this to happen. “This is not happening,” says the analyst. Furthermore, it is “total nonsense to try to compare the market capitalization of a cryptocurrency with an unrelated asset.”
Therefore, XRP cannot be compared to the “market capitalization of Apple or Amazon”. At the same time, he said, “it makes no sense to compare it to other related assets in the crypto space.” Ultimately, however, according to the analyst, XRP, like any other cryptocurrency, is just “a moonshot”:
If it ends up seeing use and adoption in the real world, then it helps to keep it, plain and simple. […] Literally, is the entire crypto space right now to some extent a speculative moon toss? XRP it has more use, adoption, and demand than most, which makes it a solid bet. That’s all that every coin in space is right now, a bet.
As the analyst explained, the token issued by Ripple has much greater potential and is now gaining much greater acceptance than other cryptocurrencies. However, Credible Crypto expects the next bullish run to be as speculative as the previous two. However, one of the biggest beneficiaries could be XRP, if the “real use cases” were revealed:
Let’s not fool ourselves, speculation is what will fuel the next bull run just like the last 2, and that speculation will make many very rich too, just like the last 2. […] I’m saying we’re still early. Real use cases and usefulness are (for most cryptocurrencies right now) something they aim to achieve, not something they have on a large scale right now. Real use cases and usefulness will continue to grow over time.
Well, that’s what I’m saying: some projects, like XRP, have made significant progress and have shown their potential, but it will take many years for that potential to be recognized and exploited on a large scale. Ladder is the key here, it just takes time.
[ad_2]Source link
