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Edo Farina, CEO of Alpha Lions Academy, recently sparked conversation in the $XRP community by asking enthusiasts how they would spend a gift of 1,000 $XRP.
Farina specifically sought opinions on what individuals would do with 1,000 units of $XRP if he were to send it to them for free. The inquiry garnered significant attention, with many offering their suggestions.
Kernow Maiden, an innovator in the $XRP Ledger, mentioned that she would commit the 1,000 $XRP to her children’s funds. Likewise, many commenters highlighted their intention to secure it in cold storage for long-term holding. However, commenters who are pessimistic about $XRP’s future noted that they would sell the tokens immediately upon receipt.
Holding $XRP Until $100 Price Point
Amid these various suggestions, a comment from CryptoTank, a notable crypto researcher, stood out. CryptoTank stated that he would hold on to the 1,000 $XRP gift until its value appreciated to “at least” $100 per unit.
Currently, $XRP is valued at $0.5466, meaning reaching $100 would require a growth of 18,194%. In this scenario, the 1,000 $XRP, worth $546.6 today, would rise to an astonishing $100,000.
Essentially, ambitious $XRP proponents like CryptoTank are targeting the substantial wealth that could accrue if the asset’s value expands astronomically.
When Can $XRP Reach $100, According to Experts?
Analysts have varying views on the timeline for $XRP to reach $100. Market commentator Andrew Forte predicts this milestone by 2037, alongside Bitcoin at $1 million and Ethereum at $20,000.
Similarly, analyst BarriC suggests that while $XRP’s current price of around $0.54 is viewed as cheap, it might range between $1 and $3 by the end of the current bull run. He anticipates a “cheap” price of $100 to $500 by 2032-2033. Additionally, analysts from Changelly forecast that $XRP could reach $100 by April 2040.
It is worth noting that achieving this $100 level would result in an $XRP market cap of around $9.99 trillion. This resulting valuation has continued to raise questions about the feasibility of $XRP reaching $100.