thecryptobasic.com
Black Swan Capitalist co-founder and notable financial strategist Versan Aljarrah has boldly asserted that there is no ceiling to the price of XRP.
Aljarrah recently unveiled this view on X following news of Ripple’s entrance into the stablecoin market to rival established giants Circle, Tether, and Paypal. As The Crypto Basic disclosed earlier this month, Ripple is entering the $150 billion market to issue a USD-backed stablecoin on the XRP Ledger (XRPL) and Ethereum blockchains.
Part of Ripple’s motivation were projections that the current $150 billion stablecoin market could balloon to $2.8 trillion before 2030. The American crypto payment giant’s decision to issue this stablecoin through the XRP Ledger (XRPL) has continued to spark projections about the potential value of XRP, especially considering the size of the market.
Based on this premise, Aljarrah expressed conviction that there may be no limit to how high XRP could go. He emphasized that XRP “was designed for infinite scalability.” In his view, this meant that “there are no limitations on its price.”
#XRP was designed for infinite #scalability, meaning there are no limitations on its price. As it becomes universally adopted, accepted, and extensively used, it will eventually absorb all #money in circulation, improving its #liquidity and driving its #price even higher pic.twitter.com/HE5cMkrGEj
— Black Swan Capitalist (@VersanAljarrah) April 16, 2024
Furthermore, the Black Swan Capitalist co-founder argued that with widespread adoption, acceptance, and extensive utilization of XRP, the cryptocurrency will progressively “absorb all money in circulation” to enhance its liquidity and propel its value to greater heights.
XRP Army Disagrees
However, some XRP community figures did not agree with Aljarrah’s bold statement. Prominent pro-XRP YouTuber Moon Lambo pressed Aljarrah for clarification on his claim about XRP absorbing all circulating funds, questioning its rationality.
Another X user criticized Aljarrah by suggesting he needed a reality check. Similarly, some speculated that Aljarrah’s statement was merely a tactic to garner attention, as they deemed it disconnected from reality.
Notably, the Black Swan Capitalist founder is not the first to argue that XRP’s price has no ceiling. Attorney Steven Nerayoff, an ex-advisor to Ethereum, previously conveyed this sentiment when asked about the potential of XRP reaching $100.
Based on the endeavors Ripple pursues, Nerayoff suggested that XRP’s value could continue to rise without any apparent ceiling, drawing parallels to the trajectory of the US dollar.