XRP is at the center of Ripple’s cross-border business, projected to attract institutions.
Meanwhile, the recent regulatory clarity and a broader favorable environment have enhanced optimism around its realization.
For context, Ripple is closer than ever to resolving its years-long dispute with US regulators. This comes on the heels of the current regime’s efforts to end the enforcement-based regulation used by the past administration.
Meanwhile, Ripple’s cross-border payment system is gaining momentum, spurred by its better rails compared to existing methods. The firm offers institutions instant and low-cost transactions, using its on-demand liquidity (ODL) platform.
Moreover, some are becoming increasingly confident that banks will utilize XRP to facilitate cross-border payments. As a result, we utilized ChatGPT to assess how this speculation would impact XRP’s price if it were to materialize.
XRP’s Price If Banks Adopt It for Cross-border Payments
ChatGPT highlighted XRP’s possible prices on several metrics of its adoption in the banking system. First, it determined the price of 1 XRP if it captures 10% of SWIFT’s $150 trillion yearly volume.
The bot calculated, based on the simulation, that banks use each XRP three times. The results show that XRP will attain a valuation of $5 trillion. At a supply of 60 billion, it would culminate in approximately $83.33.
Furthermore, the bot employed a more conservative approach, which involves top banks holding $500 million worth of XRP to meet their liquidity needs. Assuming 1,000 banks pursue this means, it would take XRP’s valuation to $500 billion and a price of $8.33 at a circulating supply of 60 billion.
Forget XRP, Here’s a New 100x Opportunity
Even if XRP could be part of a bullish development, an average market user would find it difficult to see a 5,000% or 10,000% rally with it this cycle due to its high price. Furthermore, whales are diversifying into new altcoins tipped to rally extensively before the bull market ends.
Among the top coins that whales are buying, Minotaurus (MTAUR) has been one of the most promising. The cryptocurrency market is slowly becoming aware of the token’s massive potential, with analysis suggesting that just 10,000 of them could potentially generate great riches.
Minotaurus is a Binance Smart Chain-based token powering a blockchain-integrated gaming platform. Unlike meme-driven tokens, Minotaurus focuses on functional gameplay and token-based mechanics, providing players with exciting features.
Meanwhile, MTAUR stands out in the blockchain gaming ecosystem with its unique offerings. The token allows users to enhance their gameplay experience, customize avatars, and unlock in-game incentives. The platform also ensures a seamless mobile gaming experience, allowing users to play from anywhere.
Why Just 10,000 MTAUR Matters
At the current market price of 0.00012035 USDT, one can acquire 10,000 MTAUR for less than 10 USDT. Let’s assume that MTAUR hypothetically rallies 114,843% as XRP did from its all-time low; a 10 USDT purchase would turn into 114,853 USDT.
Now, imagine buying 100 USDT, 1,000 USDT, or 10,000 USDT worth of MTAUR at the current price, and it allegedly mirrors XRP’s all-time rally. Such portfolio upsides would easily make one a millionaire.
Notably, Minotaurus prioritizes transparency, ensuring holders are not at risk of scams. The project’s commitment to credibility is reflected in its openness to thorough smart contract audits by reputable firms, such as Coinsult and SolidProof. These audits protect user data and assets, fostering trust and confidence among participants.
Learn more at minotaurus.io.
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Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/heres-the-worth-of-1-xrp-if-every-major-bank-adopted-it/