A crypto educator known as "Common Sense Crypto" has laid out a case for XRP hitting $100. It's a bold claim. Many dismiss it outright. But the expert's reasoning has turned heads.
Ripple CEO Brad Garlinghouse predicts a $5 trillion crypto market cap. That's double the current figure. Garlinghouse calls this estimate "conservative" for the bull run ahead.
Common Sense Crypto is banking on this projection. He sees it as a springboard for XRP's potential value surge.
The educator points to Archax, a UK crypto exchange. Archax plans to process $50 trillion in tokenized value via XRP Ledger. Their CEO, Graham Rodford, announced this at Ripple's Swell conference.
Not everyone buys it. Panos Mekras, co-founder of Anodos Finance, calls the $50 trillion claim "complete nonsense". He argues it's detached from reality.
Common Sense Crypto acknowledges the skepticism. But he reckons Archax isn't alone in its tokenization plans. Other partners could boost XRP's value, he suggests.
The end of Ripple's legal battle is another factor. The expert believes institutions will "flood in" post-lawsuit. They'll want to beat the competition, he says.
XRP's shrinking public supply is also noted. Demand might spike as a result. Over 12.6 million XRP have already been burned from the 100 billion max supply.
For XRP to hit $100, it needs a $5 to $10 trillion market cap. It's a tall order. But Common Sense Crypto isn't betting against it.
Currently, XRP trades at $0.6032. It's up 0.53% in the past day. The road to $100 is long. But in crypto, stranger things have happened.