Renowned financial expert Linda Jones has recently expressed her optimistic view on the potential of investing in Ripple shares, particularly ahead of the company’s highly anticipated Initial Public Offering (IPO).
In a recent Linqto investor meetup, Jones shared her insight, which has since caught the attention of the crypto community. This news comes amidst growing enthusiasm surrounding Ripple’s IPO, with expert data suggesting a 98% probability of this major milestone.
Interesting IPO Valuation discussion by @LindaPJones @linqtoinc investor meetup. XRP Zero value on the @ripple balance sheet currently👀👀👀 Will it be factored in an IPO? pic.twitter.com/2YuIHdPDDl
— Digital Asset Investor.XRP (@digitalassetbuy) August 31, 2023
Read Also: Financial Expert Urges Investors to Consider XRP Value Rather Than Price. Here’s the Meaning
Looking Beyond Ripple’s Current Share Price
Jones urges investors to disregard the current Ripple share price, which stands at around $40, and instead focus on the company’s underlying value. According to her analysis, Ripple’s true value is estimated to be approximately $6.6 billion, indicating substantial growth potential for the future.
Drawing a parallel to the success of the Coinbase exchange, Jones believes that Ripple’s valuation, currently at least ten times lower than Coinbase’s $86 billion, hints at the vast opportunities for growth. With this in mind, Jones suggests that now is the time to invest in Ripple shares, as the potential return on a $10,000 investment could exceed $100,000.
Ripple’s Unique Accounting Advantage
One intriguing factor contributing to the potential success of Ripple, as highlighted by Jones, is the company’s accounting standard. Notably, Ripple currently does not assign any value to the digital token XRP on its balance sheet.
However, Jones proposes that if Ripple were to assign a value to XRP, even at its current rate of $0.5, the growth potential would be significant.
Read Also: Ripple IPO the Next Big Thing? XRP Community Anticipates
Using XRP’s previous highs of approximately $3.84 as a benchmark, Ripple’s valuation could soar over 14 times higher. Therefore, a $10,000 investment has the potential to yield an astounding $140,000 return on investment—a figure that outshines even Coinbase’s achievements.
As excitement builds around Ripple’s impending IPO, financial expert Linda Jones emphasizes the tremendous investment opportunity that lies within the company’s shares. By delving into Ripple’s underlying value, and considering its potential for future growth, Jones asserts that purchasing Ripple shares now could prove highly lucrative for investors.
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