Market Cap: $2.6881T -2.100%
Volume(24h): $70.5031B -5.360%
  • Market Cap: $2.6881T -2.100%
  • Volume(24h): $70.5031B -5.360%
  • Fear & Greed Index:
  • Market Cap: $2.6881T -2.100%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$82992.240739 USD

-0.74%

ethereum
ethereum

$1905.557390 USD

-0.09%

tether
tether

$1.000184 USD

0.02%

xrp
xrp

$2.288240 USD

-2.48%

bnb
bnb

$639.836036 USD

0.18%

solana
solana

$125.371788 USD

-2.70%

usd-coin
usd-coin

$1.000156 USD

0.01%

cardano
cardano

$0.709189 USD

-2.10%

dogecoin
dogecoin

$0.168054 USD

-3.39%

tron
tron

$0.225003 USD

5.02%

chainlink
chainlink

$14.178727 USD

2.78%

unus-sed-leo
unus-sed-leo

$9.821699 USD

-0.06%

toncoin
toncoin

$3.542072 USD

3.56%

stellar
stellar

$0.270845 USD

-0.96%

hedera
hedera

$0.188253 USD

-1.44%

Cryptocurrency News Articles

XRP Community Member Predicts the Token Could Reach a Price of $20,000, Here Are the Potential Drivers

Jan 17, 2025 at 01:39 pm

XRP Community Member Predicts the Token Could Reach a Price of $20,000, Here Are the Potential Drivers

A prominent member of the XRP community, Chad Steingraber, has boldly predicted that XRP could reach a price of $20,000 per token. Steingraber, who is also a game developer and game enthusiast, shared his thoughts on XRP’s potential in a series of tweets.

In his tweets, Steingraber highlighted several factors that he believes could contribute to XRP’s price reaching $20,000. These factors include XRP’s fixed supply of 100 billion tokens, its mildly deflationary mechanism, and the potential for institutional adoption of XRP as a reserve asset.

Steingraber also discussed the role of institutional liquidity providers (ILPs) in facilitating transactions between banks and other financial institutions. He explained that these ILPs would maintain reserves of XRP and bank-issued coins, enabling seamless currency exchanges without exposing parties to direct counterparty risk.

According to Steingraber, the vast majority of XRP’s current circulating supply — approximately 57 billion tokens — is accessible for public trading. However, a portion of this supply has been permanently lost, effectively reducing the tokens in circulation.

Steingraber argues that this reduction, combined with increasing demand, could create conditions conducive to a significant price surge. He also speculates about the possibility of a supply shock resulting from increased institutional demand.

He suggests that financial institutions and liquidity providers could compete to acquire XRP, potentially depleting the public supply available on exchanges within a short period.

Steingraber’s projections rely on several assumptions, including the widespread adoption of XRP as a reserve asset by global banks, which would require significant regulatory clarity and a high degree of trust in the technology.

Follow us on Twitter, Facebook, Telegram, and Google News

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Mar 19, 2025