Despite facing legal pressure from the SEC’s lawsuit, XRP has demonstrated remarkable resilience in the bear market. However, prominent figures in the industry believe that XRP’s price should be significantly higher, prompting evaluations of its fair market value.
XRP Study by Valhil Capital
According to a recent study conducted by Valhil Capital, if XRP were trading at its lowest estimated fair market value of $3,500, investors would have seen their investment of just 1,000 XRP skyrocket to $3.5 million!
The assessment of XRP’s value is heavily reliant on the acceptance and adoption of the cryptocurrency by both individual retail investors and institutional players on a global scale, particularly as a means of storingvalue. It is worth noting that several institutions have opted to steer clear of XRP in order to minimize the risk of legal action from the SEC. Notably, major US-based exchanges like Coinbase and Kraken were compelled to remove XRP from their listings, which has had a negative impact on the asset’s rate of adoption.
What is the Fair Market Value of XRP?
If XRP were valued at $3,500, a quantity of 100 XRP would be worth $350,000, while 1,000 XRP would reach an impressive value of $3.5 million. This represents an increase of 706,399% compared to XRP’s current value. Conversely, at the peak fair market value of $22,000, slightly over 45 XRP would be needed to reach $1 million.
However, it is important to consider that some experts in the industry have raised doubts about the accuracy of these assessments. Matt Hamilton, a former Ripple Director, expressed skepticism about the credibility of the document when the cover was previewed last month.
While Hamilton questioned the document’s accuracy, he acknowledged that the Athey & Mitchnick (A&M) Model, one of the models used in the report, is the most reasonable one he has encountered. Notably, according to the A&M Model, XRP’s fair market value ranges between $6.37 and $32.91.
Risk Warning: Cryptocurrency and NFT trading can be volatile and carries a certain degree of risk. Please remember to be mindful of the potential risks involved. CryptoNormie.com does not accept any liability or responsibility for any losses resulting from trading or buying/selling any tokens/coins or digital art/products mentioned on the website or social media. This article is not sponsored or advertised. DYOR before investing in any asset we write about. Thank you.
Crypto investors refer to people who still think with a traditional mindset and as a result have decided to stay out of the crypto market as “normies”. We are here to change that. CryptoNormie.com offers cryptocurrency, NFT and metaverse news with special category for new token listings. Follow us on social media to stay updated!