Pantoja shared a screenshot of Wall Street Journal’s predictions, showing Bitcoin at $183,587, Ethereum at $17,032, XRP at $1,046, and Litecoin at $982.

Pantoja was specifically interested in XRP. The resurfacing of this prediction sheds light on the dynamic and speculative nature of cryptocurrency valuations.

Few remember that in 2017 the @WSJ predicted $XRP to $1000. Back the we didn't talk much about "market cap" as a limiting factor.

That's relatively new in crypto, brought in by stock market traditionalist to scare you away. pic.twitter.com/au6odwEgnO

— Armando Pantoja (@_TallGuyTycoon) January 8, 2025

In 2017, cryptocurrencies were experiencing unprecedented growth, fueled by increased mainstream interest and speculation. XRP, like other cryptocurrencies, saw a significant price increase, eventually peaking at $3.84 in January 2018.

Pantoja highlighted an intriguing dynamic that has changed in the market and price predictions. Pantoja stated, “Back then we didn’t talk much about “market cap” as a limiting factor.”

The Debate About XRP’s Market Cap

XRP is currently trading at $2.32, with a market cap of $134.02 billion. If the asset maintains its current circulating supply of 57.44 billion tokens, a pride of $1,046 would send its market cap to $60.08 trillion. Some analysts have projected lofty targets of around $3 trillion, but this level eclipses those by a wide margin.

Critics of overly optimistic predictions often cite market cap as a limiting factor, arguing that extreme price targets would require valuations that rival the economies of the entire world.

Many of these detractors have criticized high targets for XRP. As the entire crypto market is currently valued at $3.29 trillion, they believe reaching such a high market cap is infeasible.

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However, in 2017, discussions around market capitalization were less prominent, and the focus was often on adoption potential, partnerships, and technological advancements. XRP’s valuation was frequently tied to its utility in facilitating cross-border payments, a market that remains a core focus for Ripple.

Will the Market Cap Limit XRP’s Growth?

The cryptocurrency market entered a phase of maturity in 2017. XRP, in particular, has faced challenges, including a high-profile lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC). Despite these obstacles, XRP maintains a notable presence in the market and remains a widely traded asset.

Following XRP’s rally of over 300% in November, discussions about its market cap have dwindled. Less than a year ago, many detractors did not believe that XRP could reach $1, but in December 2024, it crossed $2 for the first time since 2018.

A veteran analyst recently said XRP could reach a $502 billion market cap. If the market keeps growing at its unprecedented pace, XRP could hit even higher prices sooner than its community members expect.

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The post When Wall Streets Journal Says XRP Will Hit $1000 appeared first on Times Tabloid.

In a recent interview with The Wall Street Journal (WSJ), Kwon stated that he has been devastated since the collapse of the Terra (LUNA) ecosystem. However, he showcased confidence in the effort of his team to get the blockchain back on track, believing that he’s still capable of making the project stronger.

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Do Kwon, who has been under investigation alongside his team at Terraform Labs, said this during the interview with The Wall Street Journal, “I have great confidence in our ability to build back even stronger than we once were.”

Kwon also told WSJ that he has lost almost all his net worth in the historic LUNA and UST crash, but he’s not bothered as he lives a fairly frugal life.

He stated further that he’s not a fraudster, adding that he’s currently regretting all his past arrogant utterances.

Read Also: Terra (LUNA) Founder Do Kwon to Investors: Only Hold Beliefs that Will Stay Constant at 5 Digits or 1

Do Kwon Is Confident that the Company Will Bounce Back

Despite the current challenges, Kwon is still optimistic about getting the project back on track. He said he believes he’s capable of developing solid and better projects.

In the course of the interview, Do Kwon said many developers are currently working on relaunching their applications on the new chain

“I have great confidence in our ability to build back even stronger than we once were. Many builders are in the process of relaunching their apps on the new chain.”

It’s also in the news that the key designers of Terraform Labs have been slammed with a departure ban by the Seoul Southern District Prosecutor’s Office’s Joint Financial and Securities Crime Investigation Team (Collaborative Team). This implies that they cannot leave the country at the moment due to the ongoing investigation.

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The post Do Kwon Speaks: How He Feels After Terra (LUNA) Crash Wiped Out Nearly All His Net Worth appeared first on Times Tabloid.