Ripple pump, and how much the cryptocurrency can rise in price
After the start of the new week, the Ripple cryptocurrency reached its five-year high of $2.50 per coin, the capitalization of XRP reached 135 billion and exceeded the capitalization of Tether USDt.
At the same time, turnover in Ripple (XRP) is also breaking records and already amounts to more than $26 billion per day, which only confirms the upward trend .
Against the backdrop of current events, financial experts are competing in forecasts, predicting a fantastic future for this cryptocurrency; according to the most optimistic estimates, Ripple could rise in price to 100 US dollars.
But is it worth believing such forecasts, and to what levels can the value of the Ripple cryptocurrency really rise?
Today, the total capitalization of the total cryptocurrency market is $3.42 trillion; it is simply not realistic that investors will invest another $5 trillion in Ripple.
A more realistic forecast is a price of 4-5 dollars per coin, and this is while maintaining the desire to pump this cryptocurrency by major market players.
After the price crossed the $2 mark, there were significantly fewer people willing to buy Ripple, since most investors purchased the coin much earlier.
With each price increase, the risk of a rollback only increases, and therefore a more promising investment would be to buy those cryptocurrencies that have risen in price much less during the current trend.
For example, an excellent option to buy now is the Algorand (ALGO) cryptocurrency; at the current price of $0.50, it can rise in price to $2-3 per coin. And if large investors pay attention to it, then even higher.
Unlike Ripple, Algorand released only 8 billion coins into circulation, which is seven times less than XRP is in circulation. This fact also speaks in favor of the growth of ALGO.
If we really evaluate the prospects of these two cryptocurrencies now, then with a high probability Ripple can bring about another 100% profit, and Algorand 300-400%.
You can trade Ripple and other cryptocurrencies with the following brokers – brokers for cryptocurrencies .