Examining XRP Price Forecast
In a recent YouTube video, the crypto analyst known as the Modern Investor discussed a price prediction made by Edward Farina, an XRP enthusiast and CEO of Alpha Lions Academy. Farina had forecasted that if the Ripple Network takes over SWIFT, the price of XRP could reach $10,000. The Modern Investor expressed skepticism about this prediction, suggesting that it would likely take two decades for XRP to reach such a milestone.
The Supply and XRP’s Potential
The Modern Investor explained his doubts about XRP’s ability to reach $10,000 in a short period. He highlighted the large supply of 100 billion XRP tokens compared to 120 million ETH tokens. He stated that it would take decades for the supply of XRP to decrease enough for it to reach a five-figure value. The Modern Investor emphasized that expecting XRP to absorb trillions of dollars’ worth of value in just 10 years is unrealistic.
Don’t Expect Warnings from FED
Edward Farina cautioned the crypto community against expecting advance notice from the Federal Reserve (FED) regarding a potential transition to XRP Ledger for the digital dollar. He stated that there wouldn’t be any warnings or announcements from the FED or organizations like BIS and IMF about their collaboration with Ripple. According to Farina, when the information is made public, it will already be too late to act on it.
XRP’s Advantages Over SWIFT
Farina has consistently advocated for XRP, claiming that it outperforms SWIFT in terms of efficiency and speed. He believes that SWIFT’s days are numbered and that XRP Ledger can move money faster and cheaper than the traditional system. Farina also expressed a bullish position on XRP’s price if Ripple Network replaces SWIFT as the primary cross-border payments system.
Hot Take: Evaluating the XRP Price Prediction
The XRP price prediction of $10,000 made by Edward Farina has garnered attention in the crypto community. While some enthusiasts believe in its potential, the Modern Investor expresses skepticism about its feasibility in the near future. The large supply of XRP tokens and the time it would take to reach such a value are among the factors contributing to this doubt. Only time will tell whether XRP can achieve this milestone, but for now, it remains a subject of speculation and debate.
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