CandleFocus 99 Year Golden Eagle Model Puts XRP Fair Market Value at $13,386
2024-09-14
Author: Content Editor
The 99 Year Golden Eagle Model suggests that the fair market value of XRP, a cryptocurrency, could reach an astonishing $13,386 based on its utility as a medium of exchange. The model focuses on XRP's transactional value, assuming it will not be used for speculative investments or long-term storage. It incorporates the Quantity Theory of Money and factors in XRP's fast transaction speed on the XRP Ledger. The model considers various scenarios based on circulating supply levels and competition from other networks. By 2030, it predicts XRP's utility-driven market share will handle $28.5 trillion in global trade annually. However, the model does not account for speculative interest or potential new use cases, so the true price could be even higher.
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