Prominent YouTuber and XRP enthusiast Mason Versluis recently waded into the XRP price debate, describing what could play out if $100 trillion flows through XRP.
Notably, the speculation on the possibility of $100 trillion flowing through XRP trades became rampant following Ripple’s successful subscription into becoming one of the International Swaps and Derivatives Association (ISDA) in August.
XRP capturing only 10% of the derivatives market would sum up to about $100 trillion, hence the clamor for a $100 trillion flow through XRP, which went as far as projecting XRP to a $1,896 price high.
Mason appeared to have picked some misconceptions in the speculations about the $100 trillion flowing through XRP.
Sharing a video that has since been making rounds on X, Mason spoke on what a cash flow through any crypto asset implies, highlighting some significant points.
What would happen if $100 TRILLION flows through $XRP 🤔
— MASON VERSLUIS (@MasonVersluis) November 3, 2023
Explained 👇🏼 pic.twitter.com/ZT4GGNcZnx
Mason: Cash Flow Through XRP Not Impact Price
In the shared video, Mason highlighted how a potential $100 trillion funding flowing through XRP will be more pronounced on the digital asset’s volume rather than the market cap, which must adjust to accommodate XRP at any projected price high.
The crypto enthusiast noted, “If a $100 trillion flows through XRP, that does not necessarily increase its market cap. Market cap does not mean how much money is flowing through the coin. People do not understand that they have to look at volume.”
Notably, the projected $1,896 price level for XRP was hinged on the potential token’s market cap. However, following Mason’s clarification, the above assertion could be said to be a fallacy as the possibility of such playing out seemed downplayed now with Mason’s explanation, distinguishing between “cash flow through” and “cash flow into” crypto assets.
XRP Identified Among The Top Three Kings Of Cryptocurrencies
Speaking about cryptocurrencies that have since topped the crypto market standings in terms of volumes, the crypto enthusiast acknowledged Bitcoin (BTC), Ethereum (ETH), and XRP as top coins apart from stablecoins.
Meanwhile, at the time of writing this report, the XRP price chart on CoinGecko revealed the digital asset’s market cap to be above $33 billion with a trading volume of about $821.9 million. The digital asset has since broken above the $0.6 resistance level. It is changing hands at $0.62 and is up by 14.7% in the past week.
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