CandleFocus Deaton Predicts $100B XRP Market Cap, Says ‘Times Are Changing’
2024-11-22
Author: Content Editor
Renowned pro-crypto attorney John Deaton believes that XRP is poised to reach a market cap of $100 billion. He shared his optimism in a tweet, following XRP's impressive 30% surge in price. Currently trading at $1.43, XRP has a market cap of around $80 billion and a fully diluted market cap of $140 billion. To reach the $100 billion milestone, XRP only needs to add another $20 billion, which seems feasible given its strong bullish momentum. This valuation would correspond to an XRP price of $1.756, still below its 2021 peak. XRP last reached a $100 billion valuation in January 2018 when it briefly traded at all-time highs. In the past 24 hours, while Bitcoin approached $100K, none of the other top cryptocurrencies experienced a similar spike to XRP's rise. XRP's current price of $1.43 is one of its highest in three years, and it is poised to surpass its 2021 cycle peak of $1.96.
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