According to Google’s artificial intelligence model Gemini, if Bitcoin experiences a significant price increase after the upcoming halving event XRP The price of the coin may reach $3. The halving, which is expected to occur this month, is a pre-programmed event written into Bitcoin’s code and reduces the block reward for miners by 50%. Historically, this event has coincided with significant price increases for Bitcoin.
Gemini’s forecast, potential Bitcoin It is based on the possible impact that the rally could have on XRP and the entire crypto market. According to Gemini, if Bitcoin can reach $400,000 after the halving, there is nothing stopping XRP from reaching $3.
Bitcoin Halving and Historical Price Trends
The Bitcoin halving event is a critical concept that must be understood in the context of Gemini’s prediction. Halving is a programmed scarcity mechanism built into Bitcoin’s protocol. Approximately every four years, the number of new Bitcoins given to miners for verification is halved.
While this event directly reduces the supply of new Bitcoin entering the market, demand is expected to remain stable and even increase over time. This fundamental shift in supply and demand has historically been associated with significant price increases for Bitcoin following each halving event.
Potential Ripple Effect on XRP
While Bitcoin is the most dominant cryptocurrency on the market, other digital assets such as XRP are also sensitive to broader market movements. XRP is no exception and Gemini is confident that it can achieve its goal.
Although $3 is lower than XRP’s all-time high of $3.84, it is 409% higher than XRP’s current price of $0.5887. However, it is very important to remember that the correlation between Bitcoin and other cryptocurrencies is not always perfect and the price of XRP may deviate from Bitcoin.
While the potential for XRP to reach $3 is intriguing, this is only a possible outcome. Crypto Because the market can be unpredictable, investors should conduct research considering XRP-specific factors and general market conditions before making investment decisions.
