CandleFocus Here’s XRP Price and Market Cap if Shiba Inu is Able to Rise 10,000%
2024-10-09
Author: Content Editor
The article discusses the potential for XRP to reach a two-digit figure if there is a rally in the broader cryptocurrency market, specifically if the price of Shiba Inu increases by 10,000%. The price movements of XRP and Shiba Inu often correlate with the direction of the broader market due to the overall correlation in the crypto market. While both assets have moved in similar directions throughout the year, Shiba Inu experiences higher volatility as a meme coin compared to XRP, which is in the payments segment. Despite recent struggles, Shiba Inu's price has stabilized, and market projections suggest significant gains could be possible. If XRP were to observe only 40% of Shiba Inu's proposed 10,000% increase, it would still surge by 4,000% and potentially reach a two-digit figure, such as $21.7. Multiple analysts have also projected a rise in XRP's price, with some suggesting it could reach the $20 region.
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