Altcoins
How Much Could XRP Go Up If Ethereum Surges Above $50,000?
This article explores the potential increase in XRP’s value if altcoin leader Ethereum hits $50,000, as industry experts predict.
XRP and Ethereum have both lost significant percentages of their values in recent times as the cryptocurrency market battles bearish forces. At a market value of $2,960, Ethereum is currently trading at a one-month low.
In particular, ETH Investors are suffering a loss of about 20% in the last 30 days. On the other hand, XRP is trading at a one-year low of $0.4245, although it reflects a loss of 15% in the last 30 days.
While XRP and Ethereum are currently underperforming, the crypto community remains ambitious about their prospects. One such bold vision is the expectation that the altcoin market leader will be worth $50,000. With XRP trailing ETH in the rankings, The Crypto Basic assesses the potential value of XRP as Ethereum trades at $50,000.
Potential XRP Price When Ethereum Hits $50,000
Among the proponents of a $50,000 Ethereum price is U.S. investment firm VanEck. The billion-dollar asset manager made the suggestion last year based on a detailed review of the asset. VanEck is expected This prospect will materialize by 2030, a timeframe that analysts at Changelly stock exchange agree with.
At its current market value of $2,960, Ethereum has to advance by 1,590% to reach the $50,000 mark. While the altcoin leader boasts a market cap of $355 billion, a price of $50,000 would increase this valuation to over $6 trillion.
Meanwhile, with XRP trading at $0.4245, the fourth largest altcoin could potentially be worth $7.1 should perfectly replicate Ethereum’s 16-fold surge to $50,000.
This figure is in line with OpenAI’s ChatGPT estimate when consulted. However, the AI chatbot issued a disclaimer that the $7.1 is simply a simplistic estimate, noting that actual XRP values could vary based on multiple factors.
When can XRP reach $7.11?
Like ETH, a price of $7.11 for XRP would mark an unprecedented history. At this point, XRP could boast a fully diluted market cap of $717 billion, a significant advance from the current $42.45 billion.
Interestingly, Changelly analysts believe that XRP could reach the $7 price region by 2030, coinciding with their expected timeline for Ethereum to reach $50K. However, ambitious voices in the XRP community believe $7 is a realistic goal for this bull market.
It’s worth noting that while XRP ranks closely with Ethereum, XRP’s recent performance pales in comparison to the altcoin leader. For example, Ethereum was among the best-performing assets during the Q1 bull frenzy. In contrast, XRP underperformed the top 100 crypto assets by 61% in Q1, which has deteriorated to 77% based on the most recent data.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the personal views of the author and do not reflect the views of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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