Insane Ripple Price Forecast Claims 100 XRP Can Make You a Millionaire.

This article was originally published on coincierge.de.

Is it possible to become a millionaire by investing in Ripple’s XRP? As of writing this, the value of one XRP token is around $0.50. To hold $1 million in XRP, investors would need approximately 2 million tokens.

However, a study suggests that owning fewer than 100 XRP could be enough to reach the million-dollar milestone. In this article, we explore the possibility of achieving millionaire status by investing just $50 in XRP.

• FTX allowed to remove customer names from bankruptcy filings.
• Dogecoin’s social sentiment is bleak, raising concerns about a possible price reversal.
• Consumer watchdog criticizes Instagram and TikTok for allowing crypto scams.

Is a Price Range of $3,500 – $21,900 for XRP Realistic?

Valhil Capital’s recent study suggests that the fair value of XRP could eventually fall within the range of $3,500 and $21,900 per token.

This astronomical price is derived from results obtained through six different quantitative pricing models.

Currently, there are around 52 billion XRP tokens in circulation. At the lower value of $3,500 per token, this would correspond to a market capitalization of $180 trillion.

By comparison, the total market capitalization of all cryptocurrencies, including Bitcoin and Ethereum, is only $1.05 trillion. To build a fortune of $1 million at a price of $3,500 per token, as few as 286 XRP tokens would be sufficient.

A Ripple price forecast of $3,500 or higher might seem unrealistic, even impossible, unless in some hyperinflation type scenario – but the explosive study by Valhil Capital claims it to be possible if XRP assumes the position of a global currency and store of value.

Can Ripple Beat the SEC?

The Valhil Capital analysis centered around assessing the impact of the SEC lawsuit against Ripple. The “fair price” that Valhil Capital analysts estimate for XRP is the result of two years of research.

Since late 2020, Ripple, the company behind the cryptocurrency XRP, has been under pressure due to its legal dispute with the SEC. The charges include unregistered securities trading and insider trading.

A total of $1.3 billion is estimated to be at stake, and the outcome is set to determine the future of XRP. Should Ripple win the case, analysts speculate that the XRP price could experience a tremendous increase.

Ripple CEO Brad Garlinghouse, Messari CEO Ryan Selkis, and crypto lawyer John Deaton have all expressed optimism for a pro-XRP resolution to the lawsuit.

Becoming a Millionaire with Small Crypto Investments: These Coins Set the Example

With just 100 XRP today, investors may not be able to break the million-dollar mark any time soon.

The list of cryptocurrencies that have provided early investors with substantial profits is extensive, though. Bitcoin and Ethereum, the two largest cryptocurrencies, were also initially traded for only a few cents or fractions of cents.

However, due to the flood of new cryptocurrencies (there are now more than 20,000 digital currencies or ‘altcoins’ alongside BTC), it has become significantly more challenging to identify coins with significant potential.

A new type of cryptocurrency that has made these price explosions a reality in recent months and years is the emerging sector of ‘meme coins’.

Starting with Dogecoin, Shiba Inu, and most recently Pepe coin, what they all have in common is that they do not offer any real value and primarily rely on the community aspect to gain value. A similar project in this regard is Wall Street Memes ($WSM).

Its community unites over one million members and is inspired in part by Wall Street Bets, a Reddit subforum. The members of that Reddit forum famously decided, as small investors, to drive up the price of GameStop stock back in 2021.

That caused shockwaves in the financial world, as many hedge funds had heavily bet on the stock’s price falling and lost billions as a result of the action of a few underdog traders.

Having previously launched a successful NFT project, the Wall St Bulls on OpenSea, news emerged that members of the meme stocks movement had decided to launch a meme coin of their own. The WSM token presale began May 26, 2023.

Investors have the opportunity to take part in the $WSM presale by visiting wallstmemes.com and purchasing Wall Street Memes Tokens at a discounted price prior to its listing on exchanges later this year. As of now, more than $5 million has already been raised.