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Expert Says If You Think XRP Will Hit $100 This Cycle, You Have Undiagnosed Mental Disability

Rajat Soni, a financial analyst with over 10 years of experience and advocate for bitcoin has expressed strong skepticism toward predictions that XRP could achieve prices of $100 or more. He took to the social media platform X to criticize these projections as overly optimistic and detached from market realities.

Soni specifically targeted claims suggesting XRP could reach $100 or even $1,000 during the current market cycle. He dismissed these predictions as implausible and questioned the judgment of those making such claims. According to him, these forecasts indicate a lack of understanding of market fundamentals.

Market Capitalization Analysis Highlights Unfeasibility

The analyst supported his critique with an analysis of market capitalization. He argued that the token reaching $100 per coin would require a total market cap of approximately $10 trillion, a figure he deems far beyond what the current cryptocurrency market can realistically support.

Additionally, he noted that an XRP price of $1,000 would push its market cap to an unprecedented $100 trillion, a valuation he described as entirely unrealistic.

Highlighting the need for practicality in investment strategies, Soni advised against focusing on such exaggerated projections. Instead, he recommended established cryptocurrencies like Bitcoin, which he views as a more reliable and proven investment option. He further described the asset as a distraction in the broader cryptocurrency space.

Recent Price Movements and Community Sentiment

Soni’s remarks come as the token gains traction, recently surpassing its all-time high. The cryptocurrency has been experiencing an upward trend, with its price climbing to $3.29 and a market capitalization of $189 billion at the time of reporting. This price movement has prompted some XRP supporters to adopt even more optimistic outlooks, with certain analysts revising their predictions upward.

Despite the momentum, many within the community remain divided on the feasibility of reaching such high valuations. Some analysts have warned against inflated expectations, emphasizing that while the token’s historical performance has been strong, projections of $100 or more per coin lack solid evidence or realistic timelines.

Diverging Opinions Among Analysts

While some financial commentators, such as Linda Jones, believe XRP could reach $100 in the future, they have refrained from specifying a timeline. Other proponents, like analyst Javon Mark, have suggested even higher valuations, arguing that the asset’s technical indicators support the possibility of a significant price surge in this cycle.

However, more conservative voices within the XRP community have cautioned against over-optimism. They argue that while the asset has demonstrated strong growth, its ability to achieve such high prices remains speculative.

Responses from the Community

Soni’s criticism has sparked debate among supporters. Many have countered his claims by pointing out the speculative nature of Bitcoin maximalists’ predictions, which often involve the eventual repricing of all global assets in Bitcoin.

When pressed for further insights, Soni reiterated his negative stance on the token, describing it as a worthless asset with no long-term viability. He also predicted that XRP’s value could eventually collapse entirely.

Despite these remarks, many in the community view Soni’s comments as biased, citing the token’s recent performance, which has outpaced Bitcoin’s in certain metrics. The ongoing discourse underscores the polarized perspectives surrounding the asset’s potential and place in the cryptocurrency market.

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 urged to do in-depth 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.


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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over seven years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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