Speaking of mantras, few people repeat themselves in both cryptocurrency markets and astronomical predictions about XRP prices.
It’s not the first time entrepreneurs or market analysts have said that Ripple Labs Cryptocurrency loads fuel to travel “to the moon” (in Spanish) is as valuable as Bitcoin (BTC) or more.
Currently, adding to these forecasts are Dom and Phil Kwok Brothers, co-founders of the Easy Educational application, whose ecosystem has recently exceeded its $4,000 million valuation.
Within that frame, Dom Kwok was overwhelmed when he stated that “XRP is heading towards $1,000 by 2030.”
The first thing to mention is that at the time of publication of this memo, XRP was negotiated at $3.14, 13% below the history maximum (ATH) of $3.65.
Another issue to keep in mind is that Dom Kwok reaches the level where he projects. XRP’s market capitalization should exceed $59 billion (The signin English)numbers far exceed the current values of gold and BTC. This metric looks at the magnitude of the prognosis (and difficult compliance at least in the short or medium term).
As explained by Cryptonotics, market capitalization is an important indicator that reflects the level and size of the market’s assets. It is obtained by multiplying the price of each unit by the total amount of available currency. For example, if your XRP is worth $2 and it’s in circulation of 1 million, it’s total to $2 million.
Both brothers argue that they are spill-over and optimistic because of the progress he has achieved recently. In this regard, Dom Kwok explains: “We are taking extremely careful attention to obtaining multiple licenses around the world to ensure that institutions are actually able to enter the digital asset ecosystem.
In its latest developments, it is highlighted that Ripple has requested a national bank license. If this presentation is approved, That Stablecoin RLUSD operates under the direct supervision of the Office of the Secretary of Currency (OCC). This can significantly increase your trust in your assets.
Additionally, Ripple sealed its alliance with Ctrl Alt and proceeded with tokens for Dubai properties in the XRP ledger with the support of the local land department. It has also been confirmed that BNY Mellon will act as a key administrator in preparing to support Stablecoin.
Meanwhile, expectations surrounding the possibility of approval of US XRP Stock Exchange (ETF) funds should be mentioned opening the door to a new wave of institutional investment.
Meanwhile, for Phil Kwok, XRP is about to experience “summer summer” (summer defi in Spanish) or defi revolution. On that line, he said: “If you’re talking about XRP, and you have to talk about stars, what they’re doing in this space is very important. We’ve seen it led its market capitalization to hundreds of millions.
“Defi Shummer” was primarily during the summer of 2020, where Decentralized Finance (DEFI) experienced explosive user growth, and the amount and value deposited in protocols such as Ethereum. This was a key stage that promoted mass adoption and value in many projects, especially Uniswap, Aave, Sushiswap, and other projects, markings before and after the ecosystem.
When talking about XRP and Stellar, they can live their own “Defi Summer.” These networks can grow significantly in inadequate fieldsexpands the adoption of applications, stubcoin and other alternative financial services.