$1 Trillion Market Cap Hurdle: Can XRP Reach $10,000?
A prominent XRP investor, Carly, has sparked debate in the crypto community by stating that it is 'physically impossible' for XRP to reach $10,000. She argues that if XRP were to reach such a price, its market capitalization would exceed $1,000 trillion, equivalent to 100 times global GDP.
Cary questions whether investors have done their research on the valuation behind this target or are simply hoping for a tenfold return. According to her, achieving a $10,000 price would require banks to use XRP extensively for transactions, a scenario she considers unlikely in the near future.
Rob Thomas counters Carly's argument by suggesting that market capitalization is calculated by multiplying an asset's price by its circulating supply. At $500, XRP's market capitalization would be approximately $31 trillion, while at $10,000 it would reach roughly $629 trillion.
XRipplewine offers a different perspective, suggesting that widespread tokenization could increase the amount of economic value represented across blockchain networks, potentially justifying a $10,000 valuation for XRP to handle this activity.