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๐จ ALERT: Ripple Holders Won't Become Millionaires! ๐จ
XRP, currently priced at ๐ฒ0.6298, has sparked expectations of soaring to ๐ฒ5, ๐ฒ10, or even ๐ฒ100 among its holders, buoyed by Ripple's marketing prowess and touted partnerships. However, the reality is far from these dreams. ๐
With a market cap already at ๐ฒ34 billion, doubling XRP's price would necessitate an additional ๐ฒ34 billion injection into the market. Such a feat seems unattainable given the current market dynamics. ๐
To put it into perspective:
- ๐ฒ269 billion market cap is needed for a ๐ฒ5 XRP
- ๐ฒ539 billion market cap is needed for a ๐ฒ10 XRP
- ๐ฒ5 trillion market cap is needed for a ๐ฒ100 XRP
Yet, with the entire crypto market cap at less than ๐ฒ3 trillion, reaching these figures appears improbable, if not impossible, especially during this bull run. ๐
Historically, only Bitcoin (BTC) and Ethereum (ETH) have surpassed ๐ฒ120 billion market caps, making it unlikely for XRP to follow suit.
During the previous bull run, XRP peaked at a ๐ฒ115 billion market cap, resulting in a ๐ฒ3.02 price. If it were to replicate the same performance, it would only achieve a ๐ฒ2.13 price this