For XRP to be worth 15$, it will have to have a market cap of 750bn.
So, take all of the market cap that bitcoin has right now, multiply that by seven and you get the price you just mentioned.
Or, you can set off a 100 sticks of dynamite in a junkyard and hope that the pieces form into a perfectly built Lamborghini - either way, your chances are similar.
ElmoX
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@GrantPeace, your calculation is way too basic mate. You are forgeting many parameters to understand the potential price of XRP.
jewbacca
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$15 ripple is a 75X gain, that would put Ripple's market cap at over $600 billion, that's more then 5X bitcoin's current market cap.
Even catching up to Bitcoin's current market cap in such a short time span would be a miracle, exceeding it by 5X is a pipe dream.
My biggest position currently is in Ripple, so I'm a big believer in it's upside.
However, I think a more realistic (but still highly optimistic target) is $1 or $2 Ripple by March 2018. $15 is a pipe dream.
I guess we should be calculating in terms of value rather than the percentage.
Considering the initial shoot up went from 0.006 to 0.30 while adding lets say 100 financial institutes, we can easily say that it could shoot up again to 0.40 - 0.60 by adding another 100 financial institutes. It wouldn't shoot up 4500% of the current value. Though the values could differ by another additional .20 to .40 based on the transaction volumes by these financial institutes. So the potential is around 0.60$ to 1$ approx.
However I wish you are correct & I'm wrong... after all who does not want it to be 15$ ;)
Time to change the name again :D
Lepro
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Still on trajectory for 15?
cameljockey
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add 10 years to your prediction... that number is impossible in the time given.. thumbs down on this one!
So, take all of the market cap that bitcoin has right now, multiply that by seven and you get the price you just mentioned.
Or, you can set off a 100 sticks of dynamite in a junkyard and hope that the pieces form into a perfectly built Lamborghini - either way, your chances are similar.