How a lot XRP would you’ll want to maintain to surpass Tesla CEO Elon Musk’s wealth if XRP ever claimed a lofty four-digit worth?
Whereas XRP presently trades for $3.1 with a formidable 447% improve over the previous 12 months, a number of market commentators insist it’s largely undervalued. As an example, in Could, Digital Ascension Group Managing Director Jake Claver urged that XRP was nonetheless “closely” undervalued.
Predictions of an XRP Surge to $100, $1,000, and Even $2,000
These market commentators typically level to XRP’s potential within the funds sector as one purpose why the crypto asset might observe dramatic worth surges within the foreseeable future. Curiously, whereas targets reminiscent of $100 have triggered skepticism, others are already eyeing extra audacious targets like $1,000.
How A lot to Surpass Elon Musk?
Regardless of how largely unfeasible most buyers see this goal, we not too long ago assessed how a lot affect it will have on their holdings. Notably, we evaluated how a lot an investor would wish to carry to match the wealth of Tesla CEO, Elon Musk, the world’s richest man.
Elon Musk Web Price | Forbes
Notably, information from Forbes confirms that Musk presently boasts a web value of $413.8 billion at press time. If XRP ever claims the $2,000 worth per token, a market participant would wish to carry round 206.9 million XRP tokens to attain $413.8 billion. Right now, these 206.9 million tokens might be procured for $641.39 million.
Curiously, ten months in the past, in November 2024, earlier than XRP’s most up-to-date explosive surge, an investor might have amassed these 206.9 million XRP tokens at a worth of $103.45 million.
Nonetheless, an XRP worth of $2,000 would push the token’s market cap to $118.8 trillion, greater than the full world M2 cash provide at round $95 trillion. This makes the $2,000 worth extremely inconceivable.
