A cryptocurrency whose value can grow 1000 times has been named

One of the most well-known cryptocurrencies has demonstrated the ability to grow rapidly in value in a short period of time — XRP. In a matter of days in January 2018, it managed to grow by 1260% - from $ 0.25 to $ 3.40, when its all-time high (ATH) was recorded. Cryptocurrency analysts are convinced that this time XRP will be able to grow 1000 times.

It is also worth noting that only a year before reaching the ATH, in January 2017, the digital asset was trading at $ 0.6 385. That is, XRP managed to increase its value by more than 500 times in 12 months. Although the current price of XRP is significantly lower than this record high, experts are convinced that the token can repeat its success.

The XRP cryptocurrency has a huge community of supporters, which includes not only token holders and enthusiasts, but also legal experts such as James C. Phelan, John E. Deaton, and Jeremy Hogan. They were the ones who informed the public during the SEC’s trial against Ripple.

At the time of publication, the fifth largest digital asset by market capitalization is trading at $ 0.59. The market capitalization of XRP is $ 2.4 billion, which indicates an increase in the value of the token by 3.5% per day and 4.7% per week. According to analysts, XRP has every reason to grow even 1000 times.

Recently, we reported that XRP was predicted to make a powerful 1137% jump. Crypto blogger Dark Defender expects an explosive growth of the altcoin. It could lead to the XRP token rising to a new all-time high, which will exceed the peak reached in 2018.

The analyst presented a scenario in which the XRP price could rise to $ 5.85. Dark Defender uses the five-wave theory to support his forecast, highlighting the third wave as the most important.