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Since that implies a Bitcoin market capitalization of $257 trillion, which is almost nine times the size of the entire U.S. economy in 2023, $13 million per coin is probably a little optimistic ...
With its price up about 240% year to date, Ripple's native token, XRP (CRYPTO: XRP), is one of several cryptocurrencies that have soared in response to Donald Trump's presidential election victory.
The cryptocurrency market had a spectacular 2024, with the cumulative value of all coins and tokens in circulation hitting a record high of $3.9 trillion in December. XRP (CRYPTO: XRP) was one of ...
Ripple, the company behind XRP, is a payment platform that uses blockchain and cryptocurrency to make many financial transactions of digital assets more efficient. For example, individuals trying ...
This coin has been extremely volatile in the past several years. ... Should investors buy XRP right now on the dip with $1,000 and hold through 2024 and beyond? ... Its market cap of $1.2 trillion ...
Bitcoin's market cap would have to soar 863% to match that, which translates to a price per coin of around $929,000 (based on the current supply of 19.8 million Bitcoins).
This makes XRP's current market capitalization of more than $130 billion appear unrelated to its inherent value. ... For that reason, I wouldn't buy XRP at its current price.
At the end of the day, whether you should spend $100 to buy XRP depends on your risk tolerance. If you are bullish on the token, it makes sense to buy a small position as part of a well ...