Cryptocurrency Index Fund Manager has BitWise Estimated That the price of Ripple Linked XRP tokens could skyrocket to $29.32 by the end of the decade.
To achieve this, cryptocurrencies need to gain a “meaning” share of the payments and tokenization sector.
Bitwise price forecasts are based on the Capital Asset Pricing Model (CAPM). The company estimates that securing even relatively small slices of the real-world asset tokenization market could have a significant impact on the market capitalization of cryptocurrencies.
In Bitwise's Max Scenario, XRP's market capitalization will grow to $2.9 trillion by the end of the decade. This exceeds Tech Giant Microsoft's current market capitalization ($2.89 trillion).
According to Bitwise's “Bull Scenario,” the token price will reach $12.7 by 2030. For this prediction to be realized, XRP must maintain stable network growth and face minimal headwinds. However, in this scenario, tokens do not gain much traction in payments and tokenization.
If XRP fails to secure a target market slice that wanes institutional adoption and XRPL usage, the token price could ultimately collapse to just $0.13 by 2030. This is Bitise's “bear scenario.”
As reported by U.Today, Ripple waived its cross-appeal against the SEC. In other words, the long legal battle is (almost certainly) over.
However, XRP was unable to gather the news. The token also experienced very modest benefits after Ripple announced that the SEC had dropped the appeal.
That said, the approval of the XRP ETF in the US, which appears to be inevitable at this point, could bring back token momentum. I applied for bitiwise for XRP ETF in October.
As reported by U.Today, analyst Nate Geraci recently predicted that both BlackRock and Fidelity will also be taking part in the ETF races.
