Ripple’s XRP token was once seen as among the most promising coins in the crypto industry. It was being adopted by major banks and was beloved by investors.
But the SEC’s lawsuit against Ripple brought the price of XRP crashing down, and it now sits around $0.48.
To be an XRP millionaire, then, investors would need to hold more than 2 million XRP. However, a new price forecast suggests that investors could earn $1 million with just 100 XRP in their wallet.
We’ll take a closer look at this bold new XRP price prediction to see if it’s realistic.
Valhil Capital Predicts XRP Price Up to $21,900
VC firm Valhil Capital announced after two years of research that the fair price of XRP is between $3,500 and $21,900.
That estimate represents a 730,000% gain at the low end from today’s price and a 4.5 million percent gain at the high end.
According to Valhil Capital researchers, the price prediction is based on 6 distinct quantitative models. Two outliers on the low and high end of the model results were excluded from Valhil Capital’s final prediction.
Notably, all of the models Valhil Capital used assume that the SEC’s lawsuit against Ripple will conclude in Ripple’s favor and that XRP will be widely adopted as the main way to move money around the world. That’s a significant assumption, especially since it means that XRP would effectively replace Bitcoin and traditional payment methods like SWIFT for transferring funds globally.
Valhil Capital’s CEO Jimmy Vallee also proposed that governments buy up the entire supply of XRP in order to control the flow of money, just as they control the flow of fiat today. Vallee argued that governments should pay a price of $35,000 for XRP, significantly above the fair value estimated by his firm’s models.
Predictably, Vallee’s call for XRP buybacks have been met with skepticism. The CTO of Ripple, David Schwartz, called the idea a “scam.”
Could 100 XRP Be Worth $1 Million?
Even if Valhil Capital’s price prediction seems optimistic, it’s worth examining what would need to happen for 100 XRP to be worth $1 million.
That valuation requires XRP to reach a price of $10,000—slightly below the low end of Valhil Capital’s model predictions.
However, an XRP price of $10,000 would also equate to a market cap of more than $510 trillion. That hardly seems feasible.
To put $510 trillion in perspective, the combined market caps of Bitcoin and Ethereum are less than $1 trillion. The GDP of the United States is only around $23 trillion.
Global GDP is just over $100 trillion. So, it is economically impossible for XRP to be worth 5 times that amount in the absence of a huge increase in global wealth.
What Other Coins Could Make Crypto Millionaires?
Although 100 XRP may not turn investors into millionaires, there’s still a lot of potential for savvy investors to find their fortune in crypto.
One way for everyday investors to become crypto millionaires is to find emerging tokens that are priced very low and have the potential to explode. Dogecoin, for example, jumped nearly 20x in 2021, so it would only have taken a $50,000 investment for an investor to become a millionaire.
Meme coins are especially suitable for this type of speculative, high-risk high-return investing. Earlier this year, PepeCoin exploded more than 6,500% and Spongebob token jumped more than 3,000% after launch.
One of the most promising new coins investors are watching now is Wall Street Memes, a meme token that builds on the anti-Wall Street ethos of the r/WallStreetBets community. Wall Street Memes is led by the same team of developers that launched the Wall Street Bulls NFT collection in 2021.
The Wall Street Memes token, WSM, is available to buy on presale now. The project has raised more than $12.5 million and attracted attention from major crypto influencers—a good sign that it could be the next crypto to mint millionaires.
Visit Wall Street Memes Presale