Could Ripple’s IPO Influence the XRP Price?
There is speculation about Ripple potentially conducting an Initial Public Offering (IPO), which would make its shares publicly tradable. Investors are particularly interested in how high the share price could trade.
Resurfacing of Financial Expert’s Ripple Video
Rumors about Ripple’s IPO began circulating within the XRP community. Additionally, a video featuring financial expert Linda Jones discussing Ripple’s possible valuation has gained attention.
Jones suggested a valuation of $5.7 billion for Ripple, translating to a single share price of $35 based on data from the Linqto platform. However, she argued that this valuation is too low considering the circulation of over $21 billion worth of XRP.
Comparing Ripple to Coinbase, which had an $86 billion valuation during its IPO, Jones believes Ripple’s stock would be valued much higher. Taking into account the market cap of the XRP supply, she arrives at a $107 billion valuation, 20 times higher than its previous value.
This indicates that Ripple stocks could potentially reach a value of around $600 or even as high as half a trillion, making it comparable to high-value companies like Nvidia or Apple.
The Impact on XRP Price
If Ripple’s stock were to reach the valuations suggested by Jones, it would likely cause a significant increase in the XRP price. As the first public company with a cryptocurrency, there is no historical data to predict the exact impact. However, similarities can be drawn from Bitcoin’s influence on the stock prices of Bitcoin mining companies.
A surge in faith and interest in Ripple’s stock would likely lead to increased interest in XRP, resulting in a rise in its price. If the stock price exceeds $600, it wouldn’t be surprising for the XRP price to surpass $5. Additionally, there would likely be a strong correlation between the performance of both assets, meaning that a drop in one could lead to a drop in the other.
Hot Take: Potential Ripple IPO and its Impact on XRP Price
The possibility of Ripple conducting an IPO has sparked speculation about the future of its share price and its impact on the XRP price. Financial expert Linda Jones believes that Ripple’s stock valuation could far exceed its previous value, potentially reaching as high as half a trillion dollars. If this were to happen, it would likely cause a significant increase in the XRP price. While there is no historical data to predict the exact outcome, similarities can be drawn from Bitcoin’s influence on Bitcoin mining companies’ stock prices. If Ripple’s stock price reaches $600 or higher, it wouldn’t be surprising for the XRP price to cross $5. The performance of both assets would likely be closely correlated, meaning that a drop in one could result in a drop in the other.
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