XRP has recently experienced a period of price stagnation. Despite multiple attempts, it has failed to stay above $0.5, causing investors to worry. However, some analysts remain optimistic about XRP’s long-term prospects.
Nick (@NCashOfficial), the founder of TheWeb3Alert, recently presented a bullish case for XRP, highlighting the potential for a 100X (10,000%) increase in value, which would propel XRP to nearly $49.
Read Also: Is XRP Dead Indeed? Community Debates XRP Prospects Amid Rising FUD
Is Tokenization the Key to Unlocking XRP’s Potential?
Nick’s analysis centers around the burgeoning tokenization market. Tokenization refers to the process of converting traditional assets, such as securities or real estate, into digital tokens on a blockchain. This unlocks new functionalities and facilitates fractional ownership, potentially increasing liquidity and efficiency.
The global market for tradable assets is a massive opportunity waiting to be exploited. Nick points to estimates suggesting the value of these markets reaches into the quadrillions of dollars, with individual sectors exceeding $600 trillion.
Furthermore, the World Economic Forum estimates that blockchain technology has the potential to disrupt an astounding $867 trillion market through tokenization.
Recent studies also indicate a growing institutional interest in tokenization. As more institutions explore the possibilities of tokenized assets, the potential for on-chain transaction volume surges. Times Tabloid has reported on the potential outcome if XRP can capture 1% of the total tokenized market value, showing the insane heights the digital asset could reach.
Nick points out in the video that if trillions of dollars start flowing on the XRP Ledger (XRPL) in the form of tokenized real-world assets, XRP could achieve valuations comparable to tech giants like Apple, Nvidia, and Microsoft.
He expects a 100x surge for XRP, which will send it to approximately $49 from its current price. This surge will translate to a market cap of $2.7 trillion based on the current circulating supply of approximately $55.6 billion. While this path is ambitious, Nick believes that a thriving tokenization market could pave the way for XRP’s growth.
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— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: Attorney John Deaton Addresses XRP Doubters, Says “FOMO Won’t Likely Kick in Until $2”
The Tokenization Race
Ripple is making efforts to establish XRP as a leading platform for tokenization. The company extended its partnership with Archax, a prominent UK-based crypto custodian.
This collaboration aims to bring hundreds of millions of dollars in tokenized real-world assets onto the XRP Ledger by 2025, lining up with the timeline predicted by David Schwartz, Ripple’s Chief Technology Officer (CTO). XRP is currently trading at $0.4872. Based on Nick’s prediction, it won’t stay at this low price much longer.
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