Prediction: XRP (Ripple) Will Be Worth This Much in 10 Years
The cryptocurrency market is currently worth about $3 trillion. Th market produced a total return of 72% (about 20% annually) during the past three years. Morningstar analysts expect the market to reach $7.8 trillion by the end of 2034, a sensible estimate that implies a total return of 160% in the next decade (about 10% annually).Applying that estimate to XRP (CRYPTO: XRP), which currently trades at about $2.20, suggests a price of $5.75 by early 2035. But XRP has typically produced better gains than the broader market -- for instance, its price climbed 270% during the past three years -- and that trend will likely continue given its standing as the fourth-most-valuable cryptocurrency.Image source: Getty Images.Continue reading
The cryptocurrency market is currently worth about $3 trillion. Th market produced a total return of 72% (about 20% annually) during the past three years. Morningstar analysts expect the market to reach $7.8 trillion by the end of 2034, a sensible estimate that implies a total return of 160% in the next decade (about 10% annually).
Applying that estimate to XRP (CRYPTO: XRP), which currently trades at about $2.20, suggests a price of $5.75 by early 2035. But XRP has typically produced better gains than the broader market -- for instance, its price climbed 270% during the past three years -- and that trend will likely continue given its standing as the fourth-most-valuable cryptocurrency.
Image source: Getty Images.
