Ethereum
How High Could XRP Go If Ethereum Surpasses $50,000
This article explores the potential upside in XRP’s value if altcoin leader Ethereum hits $50,000, as industry experts predict.
Both XRP and Ethereum have lost significant percentages of their value in recent times as the crypto asset market battles against bearish forces. With a market cap of $2,960, Ethereum is currently selling at its lowest level in a month.
Especially, ETH Investors XRP has suffered a loss of around 20% in the last 30 days. On the other hand, XRP is trading at its lowest level in a year at $0.4245, although it reflects a loss of 15% in the last 30 days.
While XRP and Ethereum are currently underperforming, the crypto community remains ambitious about their prospects. One such bold view is the expectation that the altcoin market leader would be worth $50,000. With XRP following ETH closely in the rankings, The Crypto Basic assesses the potential value of XRP while Ethereum is trading at $50,000.
Potential XRP Price When Ethereum Hits $50,000
Among those who believe in an Ethereum price of $50,000 is the American investment firm VanEck. The billionaire asset manager made this proposal last year based on a detailed examination of the asset. expects to This perspective should materialize by 2030, a timetable on which analysts of the Changelly stock exchange agree.
At its current market cap of $2,960, Ethereum needs to gain 1,590% to reach the $50,000 threshold. With the altcoin leader boasting a market cap of $355 billion, a price of $50,000 would elevate that valuation to over $6 trillion.
Meanwhile, with XRP trading at $0.4245, the fourth-largest altcoin could potentially be worth 7.1 should it perfectly replicate Ethereum’s 16X surge to $50,000.
This figure matches OpenAI’s ChatGPT estimate when consulted. However, the AI chatbot issued a warning that the $7.1 is just a simplistic estimate, noting that XRP’s actual values could vary depending on several factors.
When can XRP reach $7.11?
As with ETH, a price of $7.11 for XRP would mark an unprecedented time in history. At that point, XRP could have a fully diluted market cap of $717 billion, a significant jump from its current $42.45 billion.
Interestingly, Changelly analysts believe that XRP could reach the $7 region by 2030, which coincides with their projected timeline for Ethereum to hit $50,000. However, ambitious voices within the XRP community believe $7 is a realistic goal for this bull market.
It is worth noting that while XRP ranks very close to Ethereum, its recent performance has been weak compared to the altcoin leader. For example, Ethereum was one of the best performing assets during the Q1 bull run. In contrast, XRP underperformed 61% of the top 100 crypto assets in Q1, which worsened to 77% according to the most recent data.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
-Advertisement-