en.bitcoinsistemi.com
While Bitcoin (BTC) and altcoins are experiencing surges, a major historical moment has occurred in the US. Spot $XRP ETFs have finally begun trading.
At this point, the first ETF to start trading, the Canary $XRP ETF, recorded a net cash inflow of approximately $245 million.
The Canary $XRP ETF recorded the largest first-day trading volume of the year among all ETFs, surpassing Bitwise BSOL, which recorded approximately $57 million in trading volume on its first day of launch.
Speaking after this important development, Canary Capital CEO Steven McClurg made important statements about $XRP and its price prediction.
McClurg first stated that $XRP is not like Bitcoin or Ethereum, and that the $XRP Ledger is a payment-focused network designed as a financial channel for fast and low-cost value transfer.
He spoke clearly about the price estimate!
When asked about predictions circulating in the market that $XRP will reach $1,000 or even $10,000, McClurg said that these predictions are too high.
McClurg stated that even if $XRP reached Bitcoin's current market capitalization of around $2 trillion, the $XRP price would reach $35, adding that such a move would require massive global adoption, which seems unlikely for now.
However, he was clear that the $10 predictions for $XRP could be realistic.
“Given $XRP's current ecosystem and its role in global payments, I think $10 is realistic.
This is something that can be achieved in the next three to four years.”
*This is not investment advice.