XRP, continues to stand out amidst the ongoing bull market, but not for the expected reasons. At a time when Bitcoin (BTC) is up 65% this year and Ethereum (ETH) is up 53%, the asset is up just 1.28%. This is interpreted as a very bad performance.
This low growth rate is causing concern among both experienced investors and new entrants. However, some market analysts point out that XRP showed similar underperformance in the initial phase of the bull run in 2017 and eventually outperformed the entire market. Therefore, expectations for a price increase for the altcoin in the near future are rising.
While these expectations are increasing, the possibility of XRP exceeding $1 and its all-time high of $3.31 is causing controversy. But lastly, Andrew Forte, Head of Strategy at Unfungible and Director of Business Development at dappd, pointed out a pretty bold price target.
Projected Timeline for XRP Price to Exceed $100
Forte recently offered his predictions for where the crypto market could be in 2037, thirteen years from now. This predictions Among them is that the altcoin will reach a price point of $100. This represents a 15,951% increase from XRP’s current value.
The year is 2037:
– Bitcoin is at $1m
– Eth is at $20k
– Blockchain gaming is mass adopted
– Solana specific ETF
– XRP made it to $100NEWS CONTINUES BELOWYou remember discussing crypto mass adoption with fellow animal pfps
You remember the good old days
You feel nostalgic
life is good
— Andrew Forte 📊 (@TheAndrewForte) March 28, 2024
Last November, the host of media outlet 24HrsCrypto predicted that XRP would reach the $100 level. In this prediction, it was emphasized that despite the advantages that Bitcoin has, such as low fees, minimal environmental impact and faster transactions, the altcoin could rise to higher levels.
Additionally, in June 2022, former Ripple Director Matt Hamilton stated that he did not see any reason why XRP would not reach the $ 100 level in the future. Similarly, last October, Steven Neyaroff, a former Ethereum advisor, confirmed that XRP had the potential to reach the $100 price.
However, most of these predictions did not include long-term timelines, such as Forte’s projected 2037.
In addition to his XRP prediction, Forte also expressed other predictions that he believes will come true in 2037. According to him, Bitcoin would rise over 1,320% to $1 million and Ethereum would trade at $20,000, an increase of 471% from its current price.
However, according to analysts at Changelly, XRP is only expected to reach $100 as a maximum price in 2040. Another source, Telegaon, predicts that XRP will not reach $ 100 even until 2050.
Source : The Crypto Basic