Cryptocurrency enthusiasts have long debated the future of XRP. With its current price at $2.4645, Ripple's native token has sparked speculation about reaching the jaw-dropping $300 mark. But is it truly possible? Let’s dive into the mind-boggling numbers behind this ambitious goal.
How Many Coins Must Be Burned to Hit $300?
As of now, there are approximately 52 billion XRP in circulation, with a total supply capped at 100 billion. To push the price to $300 without new demand, a massive reduction in supply through coin burning would be required. Here's why:
At $2.4645, the market cap of XRP is around $128 billion.
To reach $300, the market cap would need to surge to an unimaginable $15.6 trillion if no coXRP to $300? The Shocking Math Behind Its Skyrocketing Potential!
XRP to $300? The Shocking Math Behind Its Skyrocketing Potential!
Cryptocurrency enthusiasts have long debated the future of XRP. With its current price at $2.4645, Ripple's native token has sparked speculation about reaching the jaw-dropping $300 mark. But is it truly possible? Let’s dive into the mind-boggling numbers behind this ambitious goal.
How Many Coins Must Be Burned to Hit $300?
As of now, there are approximately 52 billion XRP in circulation, with a total supply capped at 100 billion. To push the price to $300 without new demand, a massive reduction in supply through coin burning would be required. Here's why:
At $2.4645, the market cap of XRP is around $128 billion.
To reach $300, the market cap would need to surge to an unimaginable $15.6 trillion if no coins were burned.
However, if XRP burns 90% of its circulating supply, reducing it to just 5.2 billion tokens, the $300 target becomes far more attainable with a market cap of approximately $1.56 trillion—a realistic figure given the growth potential of blockchain adoption.
Conclusion: XRP would need to burn tens of billions of tokens to ease supply pressure and allow prices to climb.
How Many Trillions Must Be Added to Market Cap?
If XRP doesn't burn any coins, achieving $300 would require an additional $15.47 trillion in market capitalization. For comparison:
Bitcoin's market cap is around $500 billion.
The entire crypto market cap is currentlyins were burned.
However, if XRP burns 90% of its circulating supply, reducing it to just 5.2 billion tokens, the $300 target becomes far more attainable with a market cap of approximately $1.56 trillion—a realistic figure given the growth potential of blockchain adoption.
Conclusion: XRP would need to burn tens of billions of tokens to ease supply pressure and allow prices to climb.
How Many Trillions Must Be Added to Market Cap?
If XRP doesn't burn any coins, achieving $300 would require an additional $15.47 trillion in market capitalization. For comparison:
Bitcoin's market cap is around $500 billion.
The entire crypto market cap is currently
