Cryptoguard COO Matthew Brienen has expressed confidence in XRP, highlighting that he expects it to reach an ambitious $1,000 target.
Matthew I made it The disclosures in the first edition of “Ask Matty Show” show his strong belief in the fourth largest cryptocurrency by market capitalization.
During the interview, Cryptoguard COO provided insight into his crypto holdings, noting that 50% of his portfolio is in XRP. However, he did not reveal how much XRP he holds.
He says he has been stacking XRP since 2020. This accumulation strategy usually helps investors to smooth out volatility and lower admission prices through dollar cost averaging (DCA).
Matt’s vision for XRP
Cryptoguard COO revealed he has a short-term and long-term vision for XRP. In the short term, Matthew intends to sell most of his XRP holdings over the next few years. This could be part of his efforts to lock in profits after the bull cycle in 2024/2025 and reduce exposure to assets.
He intends to maintain a part of the XRP stash for the next five to ten years. Crypto stakeholders hope that the usefulness of XRP in cross-border settlements will increase its value.
Matthew believes XRP has strong potential for remittances and cross-border payments. He highlighted XRP’s ability to pay, resolving the transaction within five seconds, claiming that the fee would cost “a small portion of a penny.”
XRP reaches $100-1,000 in 10 years
Given the conviction against XRP, Matthew predicted that the price of the asset would reach a bold goal of $100-$1,000 over the next decade.
XRP is currently trading at $2.05 per coin, so it will need to rise 4,778% from its current price to win a $100 target or 48,680%.
To demonstrate the importance of these forecasts, the portfolio of 5,000 XRP, currently worth $10,250, is valued at $500,000 if the price rises to $100. With a target price of $1,000, the portfolio, which includes 5,000 XRP, is valued at $5 million.
Despite the heavy growth required for these forecasts to unfold, Cryptoguard COO stressed that reaching XRP’s $1,000 target is within the realm of possibilities.
With a target of $100, XRP’s market capitalization is $5.84 trillion. Assume that circulating supply is stable. Meanwhile, XRP’s market capitalization skyrockets to $58.39 trillion.
100-1,000 dollar forecast from XRP
Meanwhile, Matthew is not the only expert who thinks XRP can reach three to four digits in the near future. As we reported earlier, Top Crypto Pundit Javon Marks predicted that XRP would skyrocket to around $100 this year.
Last year, market analyst Moonsila estimated that Bitcoin would surpass the $100 mark as it rounded out its ambitious $350,000 target.
Additionally, Changelly experts predicted that XRP would trade its $1,000 target for around $1,000 by July 2040 for over 15 years. According to their forecasts, XRP reaches a maximum target of $1,078.
While these experts seemed confident in their forecasts, it is essential not to rely on these forecasts as financial advice.
Dislamier: This content is informative and should not be considered financial advice. The views expressed in this article may contain the author’s personal opinions and do not reflect the basic opinions of the code. Readers are encouraged to conduct a thorough investigation before making investment decisions. Crypto Basic is not liable for any financial losses.
