As a seasoned crypto investor with over a decade of experience in the financial markets, I have closely followed the developments of Ripple and its native cryptocurrency XRP with great interest. Linda P. Jones, a former Wall Street financial expert and author of the best-selling book “3 Steps to Quantum Wealth,” recently shared her bullish outlook on Ripple during a presentation, which resonated deeply with my investment perspective.
In her latest talk, Linda P. Jones, a former Wall Street finance expert and author of the hit book “3 Steps to Quantum Wealth: The Wealth Heiress’s Roadmap to Financial Freedom through Cryptocurrencies,” shared her optimistic view on Ripple. She supported this perspective by making references to the market value of Ripple in comparison to Coinbase and the promising potential of XRP.
Why Ripple Could Be Massively Undervalued
Jones commenced her discourse by drawing attention to the current evaluation of Ripple on the Linqto investment platform, which stood at $7.5 billion. This was a significant decrease from its 2020 and 2022 valuations of $10 billion and $15 billion respectively. These assessments were carried out during Ripple’s Series C share repurchase stages. She emphasized this observation by expressing her surprise, “It’s quite astonishing to me that the valuation is so low. This bodes well for us as investors.”
A financial analyst used the high-profile initial public offering (IPO) of Coinbase in 2021 as a point of reference for evaluating Ripple’s potential market entry. Noting that Coinbase was worth an astounding $86 billion at its peak during the cryptocurrency market boom, she hypothesized that if Ripple received a similar market welcome upon going public, it would result in an impressive eleven-fold increase in value based on its current estimation.
In expanding her evaluation method, Jones brought up the substantial XRP holdings of Ripple. With around 48 billion XRPs kept in escrow, this equates to a rough market value of about $29 billion, given the present XRP price of $0.61. Noteworthy is that Ripple does not report these assets on their financial statements or assign them a monetary worth. However, they do engage in selling XRP and generate earnings from such transactions.
Joe and I are convinced that accounting rules will evolve to permit companies to list cryptocurrencies like XRP on their balance sheets in the future, potentially boosting Ripple’s market value.
Using Ripple’s projected IPO worth and the present market value of XRP, Jones calculated a grand total evaluation of approximately $115 billion. This estimation implied a potential gain of fifteen times the current investment. Additionally, should XRP regain its historic peak price of $3.59 (reached in 2017), her forecast suggested that Ripple’s valuation could surge to an astounding $150 billion – a substantial twenty-fold increase based on its present evaluation on Linqto.
I’ve closely studied XRP‘s price history from 2017, where it experienced an astonishing surge of over 60,000% in less than 300 days. Now, looking at the current market trends, I believe we’re on the brink of witnessing a similar pattern unfold once again. This could potentially lead to significant gains for crypto investors.
Jones implied the existence of unannounced collaborations with giants like Amazon and Apple in customer contracts and other developments, potentially enhancing Ripple’s reputation if made public.
“Jones made the statement with the assumption that there was no resolution with the SEC, absence of crypto regulations, unannounced IPOs, or approved ETFS. Additionally, he assumed Ripple had not disclosed any customer agreement information due to confidentiality reasons. However, Jones expressed his belief that Ripple likely had partnerships with tech giants Amazon and Apple.”
Related Reading: Pro-XRP Lawyer Debunks Ripple-SEC Settlement Rumor For Tomorrow
In my analysis, I highlighted the significant potential for investors in Ripple and XRP towards the end of my presentation. I expressed my excitement about the endless opportunities that lie ahead for both Ripple and XRP. Moreover, I emphasized the excellent value proposition for those who have already invested. However, it’s essential to note that investing in XRP through platforms like Linqto is still an option as of now.
At press time, XRP traded at $0.60.
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2024-07-26 14:46