CandleFocus XRP Fair Market Value Stands at $4,813, Per Athey and Mitchnick Model
2024-09-07
Author: Content Editor
A valuation model developed by Susan Athey and Robert Mitchnick suggests that XRP, currently trading at $0.5281, could have a fair market value of $4,813. The model takes into account XRP's role in cross-border payments and as a store of value, predicting that by 2030, 10% of global transactions will be processed using the XRP Ledger. The model also factors in the demand for storing XRP, with projections of a daily transaction volume of $700 billion and demand amounting to $53 trillion by 2030. The model does not consider supply shocks, central bank digital currencies, or new use cases emerging after 2030. Despite its limitations, the model contributes to the ongoing discussion about XRP's suppressed price due to past regulatory challenges.
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