HomeCryptocurrencyBitcoin Investor Lark Davis States Why $100 XRP Price Is Impossible

Bitcoin Investor Lark Davis States Why $100 XRP Price Is Impossible

XRP trades at $1.16. It recently pulled back from around $1.30 as the broader market crashed following U.S. midterms, where Democrats won both the House and Senate.

With the digital asset struggling, entrepreneur and Bitcoin investor Lark Davis has weighed in on its future.

In a recent post, Davis stated that XRP will not go to $100, pointing out the absurd market cap the asset would have.

The Numbers Behind the Price

At its current price of $1.16, XRP’s market cap sits at $73.84 billion. Getting from there to $100 per token would require the asset to increase in value by more than 8,500%. That would push XRP’s valuation past the current market capitalization of some of the world’s largest companies.

Davis argued that XRP would need a market cap of $8 trillion. At $100 per token, the total market capitalization would sit at approximately $6.35 trillion, not $8 trillion. Davis’s figure is an overestimate, though the core argument holds.

A $6.35 trillion market cap for a single asset would be enormous by any historical standard. For reference, the entire global cryptocurrency market currently sits at $2.54 trillion. Davis’s post did not challenge XRP’s utility or its long-term prospects. It addressed one specific price target and the market cap that target would require.

How the Community Responded

Reactions came from multiple directions. One commenter argued that trillion-dollar market caps were once considered unimaginable, citing the 1990s and 2000s as an example. He suggested that dismissing large figures based on current scale reflects limited thinking.

Another said the discussion mirrors debates about Bitcoin reaching $500,000 or Ethereum hitting $25,000. He suggested that no one truly knows where markets will go, and that most price predictions at this level are professional guesses.

One commenter offered a more grounded perspective. He expressed surprise at how disconnected many price predictions are from reality and suggested that even $10 for XRP would be a significant achievement. He recommended the asset build momentum gradually before targeting higher prices.

The Debate About XRP’s Future

XRP sits at $1.16 after its post-midterm pullback. The road to $100 would require a scale of growth rarely seen in the crypto market. Davis is not confident that XRP can achieve that, but many other market participants believe the asset’s market cap is not a limiting factor.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.


Follow us on X, Facebook, Telegram, and  Google News

Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.
RELATED ARTICLES

Latest News & Articles