Can You Become a Millionaire With Just 100 XRP Tokens?

On Jun 13, 2023

A report by Valhil Capital suggests that investors may become millionaires in the future with as little as 100 XRP. The research study evaluates the token’s fair value. Utilizing six pricing models, the private equity firm justifies the fair value of each token in the research paper as being between $3,500 and $21,900. Even if we considered the lower end of the projection with the token at $3500, just 285.8 XRP tokens would be needed to become a millionaire. A 100 XRP tokens, on average, would result in a millionaire, as per the study.

The extent to which the world decides to use XRP to store value is the most significant driver of the asset price, according to the report. This will happen after people notice a slight increase in price from using the asset, claims the white paper.

What is the fair market value of XRP?
This question is more complex than it sounds, and led a small group of people on a nearly 2 year journey, picking up more along the way to support the effort.
🧵 A thread about our whitepaper to determine the Fair Market Value of XRP. pic.twitter.com/SSb9q5liXG
— Molly Elmore (@mollyelmore22) June 7, 2023

XRP in green as other tokens bleed

With the Hinman documents being a hot topic of discussion, all eyes are on XRP to make some serious moves. While many top crypto projects are bleeding in the market, XRP is in the greens. The token has risen 6% in the last 24 hours, and by 8% over the previous week. Since Jan 1 of this year, the 5th largest crypto by market cap has made gains of 62.85%.

Source: Coingecko

The recent rally is most likely due to investor sentiment around the SEC vs. Ripple lawsuit. The SEC is supposed to disclose the Hinman document today, which is a central piece of evidence for Ripple’s cause. In a speech from 2018, former SEC Chief William Hinman said that Ethereum (ETH) turned from a security to a non-security. This was from a time when there was no clear oversight on how the crypto space would be governed.

Nonetheless, XRP prices are likely to be impacted by the verdict in the ongoing lawsuit. Moreover, many close to the matter feel that Ripple has the upper hand. If Ripple wins the lawsuit, the token will most likely rally. Moreover, the verdict will bring much light to how cryptos may be governed in the future. All-in-all, it would be a win for the crypto community.

At press time, XRP was trading at $0.553777, up by 4.3% in the last hour.

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