Key Points
Price targets are just predictions.
It's easy to get fixated on a particular price target that would make your financial dreams come true.
Thinking about prices isn't the same as thinking about the investment thesis for buying an asset.
10 stocks we like better than $XRP
Everyone loves to hear a big, round number proposed as a price target for an asset they hold. In that vein, can XRP(CRYPTO: XRP) really get to $100, given that its current price is near $1.40? That sounds ambitious, but, in the minds of many crypto investors, it's not impossible at all, given crypto's extensive history of explosive moves.
So is it actually possible that XRP might hit or surpass $100 someday?
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need..
The math is pretty decisive here
Let's do a quick calculation to vet this price target.
Today, there are about 61 billion XRP circulating, and the maximum possible supply is 100 billion. Priced at $100 per coin, its market cap based on its circulating supply alone would reach roughly $6.1 trillion. Using the maximum supply instead of the circulating supply to account for long-term supply issuance, that balloons to $10 trillion.
Gold, the most established store of value that exists, carries a market cap somewhere above $30 trillion, considering all of the metal that's held by miners and other public companies as well as banks and governments. But it took many decades for gold's market cap to reach that size.
For a bit more perspective, consider that the entire cryptocurrency market is currently valued at roughly $2.4 trillion. $1.4 trillion of that sum is Bitcoin alone. That means XRP at $100 would be a lot larger than every other cryptocurrency combined, and also a bit more valuable than Nvidia, the world's biggest public company today, which has a market cap of $4.4 trillion.