• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Impact of 1% of Derivatives Market on XRP Price

user avatar

by Giorgi Kostiuk

10 months ago


XRP may reach new heights by capturing a substantial share in the derivatives market. This article explores current prospects and potential price impacts.

Understanding the Derivatives Market

The global derivatives market is a massive entity in the financial world, with an estimated valuation that could exceed $1 quadrillion. Derivatives are financial contracts that derive their value from underlying assets. This figure represents the total value of all derivative contracts, although some discrepancies remain regarding the true size of the market. Even a small share of this vast market could significantly benefit assets like XRP.

The Impact of Capturing 1% of the Market

If XRP were to secure just 1% of the derivatives market, based on the $1 quadrillion valuation, this would mean a $10 trillion market cap. With a capped total supply of 100 billion tokens, this could drive XRP’s price to $100 per token. The possibility has not gone unnoticed, as Armando Pantoja claimed it is achievable, and analyst Levi asserted in September that the $100 milestone is 'certain.' Currently, XRP trades at approximately $2.30, requiring growth of over 4,247% to reach $100. This demands an annual growth of around 600% over seven years.

XRP in the Spotlight

Speculation around XRP’s entry into the derivatives market has heightened following news of a potential partnership between Ripple and Bitstamp. Bitstamp is set to launch its derivatives exchange, and Ripple’s involvement could be significant. Additionally, Robinhood is reportedly about to acquire Bitstamp for $200 million, boosting capabilities. Reports suggest the platform might use the XRP Ledger, although Bitstamp has indicated these claims remain unconfirmed, keeping speculation alive.

XRP's potential to secure a share of the derivatives market is pivotal for its prospects. Despite opportunities, it is crucial to navigate the complexities and uncertainties of such bold projections.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Trust Wallet Token Forms Bearish Gartley Pattern

chest

Trust Wallet Token is forming a Bearish Gartley harmonic pattern, indicating potential price movements.

user avatarElias Mukuru

TradeTalent Secures $8 Million to Boost AI Skills Verification

chest

TradeTalent has completed an $8 million financing round to enhance its AI skills verification technology and expand its workforce solutions.

user avatarDiego Alvarez

Bollinger Predicts W Bottom in Ethereum and Solana

chest

John Bollinger predicts potential W bottoms in Ethereum and Solana, indicating imminent volatility for these altcoins.

user avatarKenji Takahashi

Ant Group and JDcom Halt Stablecoin Plans Amid Regulatory Pressures

chest

Ant Group and JDcom have suspended their stablecoin issuance plans in Hong Kong due to increasing regulatory pressures from Chinese authorities.

user avatarMaria Fernandez

American Express Reports No Impact from US Government Shutdown

chest

American Express reports no impact from the US government shutdown, maintaining stable operations and customer interactions.

user avatarGustavo Mendoza

BlockDAG Launches Awakening Testnet, Showcasing Real Performance

chest

BlockDAG has successfully launched its Awakening Testnet, demonstrating its capabilities with real-time performance metrics.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.