Ripple’s recent victory over the SEC is a game-changer, enabling the company to regain its lost stability and embark on new ventures to enhance its hallmark cross-border payment solution. The icing on the cake? The Mastercard partnership. Even amidst a recent crypto market dip, Ripple’s native token, XRP, has garnered positive attention.
XRP, Ripple’s native digital currency, recently experienced a significant boost, with its price climbing to an impressive $0.94, tantalizingly close to the $1 mark. As of today, XRP is trading at $0.51.
Jones’s Bullish XRP Theory
Renowned Wall Street expert, Linda Jones, believes that investing in Ripple shares at their current price, which hovers around $40, ahead of its potential Initial Public Offering (IPO), is a shrewd move. Despite the present share price, Jones encourages investors to look beyond the immediate numbers and consider Ripple’s underlying value, which she estimates at approximately $6.6 billion.
Jones asserts that Ripple holds significant growth potential in the upcoming years, drawing a parallel with Coinbase, a US-based cryptocurrency exchange, which went public with a staggering $86 billion valuation.
Read More: Here’s How XRP Could Boost Ripple’s IPO Valuation!
Buy Now, Reap Later!
Since Ripple’s current valuation stands at least ten times lower than Coinbase’s, Jones suggests that individuals who purchase Ripple shares today could potentially witness a more than 10x increase in their initial investment.
She offers an example to illustrate this point: if an investor allocates $10,000 to Ripple now, this investment could potentially grow to $100,000, even if Ripple doesn’t surpass Coinbase’s performance.
Understanding the Future Impact
What makes it interesting is the distinctive accounting practice. Currently, Ripple assigns zero value to its XRP assets on its balance sheet. On this, Jones argues that if Ripple were to fix a value to its XRP holdings at the current price of $0.5 or based on its previous high of approximately $3.84, the growth potential would be substantial.
Simply, a $10,000 investment in Ripple might earn an impressive return on investment (ROI) of $140,000, assuming Ripple follows a similar trajectory as Coinbase. However, it’s important to remember that investing in stocks always carries a degree of risk, and past performance is not necessarily indicative of future results.
Have your say: Are you riding the Ripple wave?
