While Ripple (XRP) has been a significant player in the crypto space, a recent prediction by a notable market expert has caught the attention of many enthusiasts. This expert speculated a price target of $27. This has sparked debates about its feasibility.
Today, we will look at this prediction and suggest a different project that may bring the same gains faster.
Ripple (XRP) to $27: Who Made This Claim?
The crypto analyst Egrag Crypto predicted that Ripple (XRP) would reach $27. This forecast seems to echo the heights seen during the 2017 crypto surge, albeit ambitious. He suggests that hitting crucial markers at $3 and $5.8 is plausible, yet surging further to $6-$7 might encounter some market turbulence.
The Ripple coin price has shown positive movement in the past month, increasing from $0.56 on October 28 to $0.61 on November 29, experiencing around 60% green days with 5.95% price volatility.
Nevertheless, placing the prediction next to the current pricing of Ripple makes it impossible.
Ripple (XRP) to $27: Crunching the Figures
While the notion of Ripple surging to $27 grips the imagination, the numbers reveal a considerable gap between aspiration and reality. For Ripple to hit this mark, it would need to skyrocket by 4,326% from its current value.
Look at it from a different perspective. Ripple currently has a market cap of $32B. For it to reach $27, a significant growth to $1.4T would need to occur. This is more than the Bitcoin market cap, now at $748B.
This data hints at a lengthy journey for this Ripple coin price prediction to become a reality. But, one project that has recently been making headlines in the crypto space may leave Ripple in the dust. To determine which token may provide the same or even more significant gains, keep reading.
Is there a More Practical Route to Make a Profit?
Yes. When it comes to Ripple reaching $27, the main problem is its high market cap. In other words, Ripple needs a major influx of new funds to experience price growth. Because of this, tokens that have a low market cap have way better chances of showing increases. One such token is Meme Moguls (MGLS) – a one-of-a-kind meme-driven stock exchange.
This project is now in stage one of its presale and has caused a crypto frenzy with its excellent performance. Notably, the Beta stage concluded in just one week with over 250,000 USDT raised – a record-breaking stat! Plus, those who bought it early now enjoy a 10% ROI as the MGLS token value has already jumped from $0.0019 to its current $0.0021.
MGLS holds a market cap of $6.3M, significantly lower than Ripple’s. Therefore, merely $81B would suffice to reach $27. While this may seem ambitious, it is certainly plausible considering the innovative features of the trading platform.
Analysts have noted these factors when making their Meme Moguls price predictions. They forecast a rise of 100x before its presale ends and another 30x growth after it hits exchanges. And given that thecryptobasic data recently showed Shiba Inu has provided 1.6M% ROI to early buyers in just three years, this Meme Moguls forecast has all the potential to come true.