Ripple CTO David Schwartz drew attention to the amazing performance of XRP over the last seven years. Schwartz came on stage to respond to a follower’s criticism on this issue. Meanwhile, after the last Bitcoin halving event, different price predictions for XRP continue to come. We took a look at some of the most notable XRP price predictions.
XRP performance evaluation from Ripple CTO
cryptokoin.comAs you follow from , the crypto market has seen strong gains from March. However, due to the impact of the SEC war with Ripple, the performance of XRP was not satisfactory. This led to criticism from XRP investors. However, from a broader perspective, the situation does not look bad at all. As a matter of fact, Ripple CTO David Schwartz also approaches XRP’s performance from this perspective.
A follower of Ripple CTO claimed that he suffered losses on his seven-year XRP holding. David Schwartz took to the stage to highlight XRP’s 1,500% growth over the last seven years. In response to the user’s claim, Schwartz noted that XRP was trading at approximately $0.033 exactly seven years ago. He noted that if an investor holds XRP assets during this period, they will make a profit of 1,500% with an annual percentage return (APY) of 47%. In this context, Schwartz made the following statement:
It was seven years ago, 19.4.2017. XRP was $0.033 on 4/19/2017. This is equivalent to a 47% APY and an increase of 1,500%.
After this conversation, it turned out that the user’s claim that he had been holding XRP for the last seven years was partially untrue. Because the follower later explained that he bought XRP right after it fell from the ATH level of $ 3.84 in January 2018.
XRP price predictions after Bitcoin halving
Last month, crypto analyst Leb evaluated XRP’s price movements over a 2-week period. As a result of this assessment, the analyst claimed that XRP could exceed its latest ATH. Thus, he predicted that XRP would eventually reach $3.84 after the halving. Another market analyst, CrediBULL, predicted an imminent rise in XRP after the halving. However, he evaluated this projected increase against Bitcoin’s price movements. According to CrediBULL, it is possible for XRP to surge 100% against BTC in the period after the halving.
Google Bard, Google’s experimental AI project, predicted a higher XRP increase for every 100% increase in Bitcoin’s post-halving price. As a result, he suggested that if Bitcoin reaches $100,000, XRP will reach $38.5. He also claimed that XRP will reach $46.5 if Bitcoin rises to its ambitious $250,000 target. However, it should be noted that these predictions do not have a valid basis. The AI bot predicts only a certain proportional increase between BTC and XRP.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!