XRP Price Prediction: Analyst Egrag Crypto Sees a $3.7 Trillion Market Cap Within Reach, Here's Why

Crypto analyst Egrag Crypto has put forward a bold prediction for XRP, saying its market capitalization reached an astonishing $3.7 trillion

Cryptocurrency prices are notoriously volatile, and XRP is no exception. In the past, the coin has seen wild price swings, and some analysts believe that another surge could be on the horizon.

One such analyst, known as Egrag Crypto, has put forward a bold prediction for XRP. According to his analysis, the coin’s market capitalization could reach an astonishing $3.7 trillion. To put this into perspective, XRP's market cap at the time of writing is around $160 billion. If Egrag Crypto's prediction were to come true, it would mean a 2,200% increase from its current valuation.

But how did the analyst arrive at this astronomical figure? Egrag Crypto employed the logarithmic measured move, a technical analysis tool used to gauge long-term exponential growth. Using this method, XRP's price would reach roughly $58 per token.

If we zoom out a bit, the analyst's non-logarithmic measured move presents a more immediate and conservative target. This approach suggests that XRP's market capitalization will first reach $200 billion, setting a new all-time high of $3.5 per token.

Interestingly, the analyst also believes that XRP could hit a $1 trillion market cap within the current cycle. This possibility is attributed to the Fibonacci 1.618 level, often referred to as the “golden ratio.” In XRP's case, the Fibonacci 1.618 level aligns closely with $978 billion. Given that XRP surged 15,000% in the last market cycle, Egrag Crypto sees this target as entirely feasible.

Several factors would need to come together for XRP to reach these ambitious valuations. Among them are institutional adoption and regulatory clarity. For instance, the ongoing discussions around XRP exchange-traded funds (ETFs) could indicate how institutional interest might influence demand.

While Egrag Crypto's analysis provides some insight into potential XRP price movements, it's crucial to remember that crypto prices are inherently unpredictable. Past performance is not indicative of future results, and readers are strongly advised to conduct their own research before making any investment decisions.

PlutoChain's Layer-2 Solution Aims to Make Bitcoin Scalable, Adding New Functions

Bitcoin (CRYPTO: BTC) is the world’s largest cryptocurrency by market capitalization. However, it is also known for its slow transaction speeds and high fees, which have limited its practicality for everyday use.

One project that might offer a solution to this problem is PlutoChain ($PLUTO). The project is building a hybrid Layer-2 solution that could make Bitcoin faster, cheaper, and more adaptable without sacrificing security.

Here's a closer look at how PlutoChain ($PLUTO) plans to achieve this:

Fast Transactions: On PlutoChain's Layer-2 network, block times are processed in just 2 seconds. This is a huge leap from Bitcoin's usual 10-minute confirmation time. As a result, users can send transactions or interact with Bitcoin-based applications with near-instant finality.

Unlocking New Use Cases: Next to speeding up Bitcoin transactions, PlutoChain could also change Bitcoin's role in decentralized finance. Its Ethereum Virtual Machine (EVM) compatibility might let developers bring decentralized finance (DeFi), NFT marketplaces, and AI-driven applications into the Bitcoin ecosystem — something that was previously impossible.

Solid Security: To back up its security claims, the project has undergone audits from SolidProof, QuillAudits, and Assure DeFi. Moreover, early performance tests suggest that PlutoChain's network could handle up to 43,200 transactions per day without congestion.

Community Involvement: In terms of governance, PlutoChain's model may let users propose and vote on protocol changes. This ensures that the network evolves in a way that aligns with user needs.

Overall, PlutoChain might not only reduce Bitcoin's network congestion and fees but also unlock new use cases that could change how the industry views Bitcoin's utility.