Amid the ongoing market downturn, an XRP community figure has revealed what encourages him to continue buying XRP during the dip.
Raoul Pal’s Bold Prediction
For context, the Real Vision founder suggested in August that the growth of the crypto market seems to mirror the early adoption pace of the internet. He shared a graphic comparing the global crypto market cap and the scale of other markets such as debt ($300 trillion), global real estate ($400 trillion), global equities ($100 trillion), and M2 money supply ($80 trillion).
DAI Reveals Reason He is Buying the XRP Dip
“This is all I think about while I buy the XRP dips,” he said. Notably, his statement suggests there is a firm belief that the global crypto market may soar to Raoul Pal’s target or reach a similar level in the coming years. If this happens, altcoins like XRP will benefit immensely, rewarding investors who bought at today’s low prices.
Currently, with the crypto market cap sitting at $3.86 trillion, XRP has a market dominance of 4.41%, holding a valuation of $169.93 billion. If XRP maintains this dominance while the market reaches the ambitious $100 trillion level, its price could soar to unimaginable heights.
Specifically, with a $100 trillion global crypto market cap, a 4.41% dominance would translate to a $4.41 trillion valuation for XRP. Supposing its circulating supply sits at around 80 billion, then the $4.41 trillion market cap would push prices to $55.13 per XRP. Notably, this represents an increase of 1,841% from the current XRP price of $2.95.
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