Market commentator Armando Pantoja shared his view on the true value of XRP, noting that traditional market cap calculations don’t apply to this cryptocurrency.
XRP's Unique Position in the Global Economy
Pantoja points out that XRP stands out due to its capability for high-speed transactions, settling in just 3 to 5 seconds. Unlike Bitcoin or Ethereum, one XRP token can be reused multiple times a day, allowing it to handle trillions of dollars in daily transactions without needing a trillion-dollar market cap.
XRP's Limited Supply and Growing Demand
The limited circulating supply of 99 billion XRP tokens and growing demand implies that the price must rise to ensure global liquidity can handle the massive transaction volumes it’s designed for. Pantoja speculates that as institutions, CBDCs, and governments adopt XRP for cross-border transactions, its price will need to reflect its utility rather than being constrained by traditional market cap calculations.
XRP Predictions and Prospects
Pantoja envisions XRP reaching $10,000 in the long-term, though he clarifies that such levels are not expected anytime soon. For the current bull cycle, he projects XRP to reach between $8 and $25 by 2026.
Armando Pantoja sees XRP's potential to revolutionize global finance, arguing that traditional market measures don’t reflect the true value and utility of the cryptocurrency.
