Despite recent stagnation, murmurs of a potential resurgence are swirling around XRP. Leading the charge is Nick (@NCashOfficial), the founder of TheWeb3Alert, who presented a bold case for a staggering 10,000% (100X) price increase. This would propel XRP from its current price of $0.48 to nearly $49 per coin.
Nick’s optimism hinges on the burgeoning tokenization market. Tokenization transforms traditional assets like real estate or securities into digital tokens on a blockchain. This unlocks new functionalities and fractional ownership, potentially boosting liquidity and efficiency.
The global market for tradable assets represents a colossal, untapped opportunity. Estimates suggest the value reaches into the quadrillions of dollars, with individual sectors exceeding a mind-numbing $600 trillion. Furthermore, the World Economic Forum believes blockchain technology, through tokenization, has the potential to disrupt a market valued at a staggering $867 trillion.
Recent studies also point to a surge in institutional interest in tokenization. As more institutions explore the possibilities of tokenized assets, the potential for on-chain transaction volume skyrockets. This has led some analysts, as reported by the Times Tabloid, to explore the insane heights XRP could reach if it captures even 1% of the total tokenized market value.
Nick emphasizes that if trillions of dollars worth of tokenized assets begin flowing through the XRP Ledger (XRPL), XRP could achieve valuations comparable to tech titans like Apple or Microsoft. This translates to his projected 100X surge, which would propel XRP to a market cap of $2.7 trillion based on its current circulating supply.
While ambitious, Nick believes a thriving tokenization market could be the catalyst for XRP’s growth. This sentiment aligns with Ripple’s efforts to position XRP as a leading platform for tokenization. Their recent extended partnership with Archax, a prominent UK-based crypto custodian, aims to bring hundreds of millions of dollars in tokenized assets onto the XRPL by 2025 – a timeline predicted by Ripple‘s CTO, David Schwartz.
With these developments in play, Nick suggests XRP’s current price point of $0.48 won’t hold for much longer. Only time will tell if his prediction holds true, but one thing’s for certain: the tokenization race is on, and XRP is positioned at the starting line.
