XRP's Commodity Price Still Eludes Market
XRP's price has not yet reflected its commodity-based valuation and institutional utility, according to analyst CharuSan. He believes that XRP still hasn't started being priced like a commodity and institutional adoption hasn't begun either.
This argument challenges the standard metric for stocks, market cap, as it does not suit XRP's function as an institutional bridge asset, liquidity tool, and digital commodity.
Digital Asset Investor agrees with CharuSan's view and has made similar arguments in the past. He used historical data to support his accumulation strategy, which involved investing $10 per week in XRP during the last bear market.
The result showed that a total investment of $600 to $650 would have grown to $2,800 to $3,500 at the peak of the following bull run. This outcome has produced results in every prior cycle, and Digital Asset Investor expects the same outcome again.