Prediction: XRP (Ripple) Will Be Worth This Much in 3 Years
XRP (CRYPTO: XRP) has a market value of $193 billion, making it the third most valuable cryptocurrency. The token trades at $3.25 as of Aug. 13. But Geoffrey Kendrick at Standard Chartered anticipates substantial upside in the years ahead due to the recent conclusion of Ripple's legal battle with the Securities and Exchange Commission (SEC) and the likely approval of spot XRP ETFs, as detailed below:
My outlook is more conservative. estimates the overall cryptocurrency market will be worth $8.4 trillion by 2034, implying annual growth of 8% over the next decade. Assuming XRP continues to beat the broader market -- XRP returned 750% in the last three years, while the overall market climbed 270% -- I think its price could double to $6.50 in the next three years.
Here's why.
Source Fool.com
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