Armando Pantoja, an angel investor active in crypto since 2011, recently challenged the prevailing skepticism around the potential for XRP to hit $100.
Pantoja took to social media to address critics who argue that XRP’s market cap would make such a price unattainable. He drew a compelling analogy between the future potential of XRP and the early days of the internet.
He argued that dismissing the possibility of XRP reaching $100 based on market cap is akin to the arguments in the 1990s that the internet couldn’t become a dominant force simply because only a fraction of homes owned personal computers.
“People adopt, things change, and the world adapts,” Pantoja wrote, urging crypto investors and enthusiasts to think beyond the present constraints of the market.
He emphasized that the path to mass adoption, whether for cryptocurrency or new technologies, often unfolds in unexpected ways. A testament to this is the explosive growth of the internet over the past few decades.
The comments come as XRP continues to pull stellar performance in the ongoing bull market, prompting many to issue bold targets while others call for caution.
XRP Must Rally 6,750% to Reach $100
XRP is worth $1.46 today after seeing its value explode by 185% in the past three weeks. It even traded at $1.6216 over the weekend, marking its first time reaching that price in three years.
However, attaining $100 requires XRP’s value to expand by 68-fold or 6,750% from its current level. Moreover, at a $100 price, XRP would command a market cap of $5.7 trillion and a fully diluted cap of about $10 trillion.
Some ambitious analysts have suggested that XRP could surpass this threshold even this season. However, critics have challenged the ambition, citing that a trillion-dollar cap for XRP is far from feasible for XRP at this time.
Drawing Parallels with Bitcoin’s Rise
XRP proponents often remind critics that similar doubts were voiced about Bitcoin in its early years—such as claims that Bitcoin could never reach $10,000.
Notably, Bitcoin traded as low as $0.04865 back in July 2010, just 14 years ago. Today, even the $100K price point for Bitcoin is within reach, as it currently trades around $98K with a market cap of $1.95 trillion.
Essentially, XRP enthusiasts draw inspiration from Bitcoin’s rise, believing that a $100 price and beyond could be feasible for XRP someday in the future.
While community commentators like Pantoja are deeply optimistic about XRP reaching $100, he has stated that this threshold could remain elusive for at least another five years—unlike others who argue it’s attainable by 2025.
“Tech takes time,” he said, adding that he expects XRP’s peak for this bull season to be around $8 to $20.
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Source: https://thecryptobasic.com/2024/11/25/expert-says-xrp-reaching-100-is-very-possible-ditches-market-cap-concerns/?utm_source=rss&utm_medium=rss&utm_campaign=expert-says-xrp-reaching-100-is-very-possible-ditches-market-cap-concerns