XRP YouTuber Maan Lambo has attacked people who believe the XRP price could be worth it $20,000 in the future. The analyst believes that this price level is unattainable for the crypto token as he highlighted the reasons why he holds this belief.
Why XRP Price Can’t Rise to $20,000
In a video on his YouTube channel, Moon Lambo explained that XRP’s market cap will need to be in the billions of dollars if it wanted to reach that price level based on its current market cap. However, according to his calculation, there is not enough money in the world for such an event, as in at least $100 trillion For that to happen, it will have to flow into the XRP ecosystem.
According to the YouTuber, there is a “0% chance” of this happening. He rejected any argument that some assets could be sold to finance this amount of inflow into the XRP ecosystem. This is unlikely to happen as these assets will have to go to zero to obtain the amount of liquidity needed to acquire the assets XRP price to $20,000Moon Lambo argued.
If XRP is worth that amount, it would also mean that the crypto token has a market cap worth more than ten times more than the value of the American stock market. Moon Lambo says it is “complete nonsense” to think this will happen. He believes that there is no way XRP can be more valuable than all the leading companies in the US combined.
He also alluded to arguments that XRP can reach this price through the currency for the global reserve. He says exchanging the dollar, which currently accounts for a large portion of the global reserve, will not still provide the crypto token with the required liquidity to reach $20,000.
XRP price at $0.63 | Source: XRPUSD on Tradingview.com
Enough reason to still be enthusiastic as an XRP holder
Despite his stance, Moon Lambo is silent bullish on the XRP price. He stated that the crypto token doesn’t need this “crazy hype nonsense” to get excited as an XRP holder. The crypto analyst believes that to the extent that XRP becomes widely adopted, enough money could flow into it, which could cause its fallout. price to reach three figures.
Contrary to a $20,000 price prediction, XRP’s triple-digit price is still within the “realm of possibility.” However, Moon Lambo doesn’t see this happening immediately, as he says it could take “many market cycles.” The good news is that anyone who has been using XRP for a while is already well positioned for such a multiplier effect.
Meanwhile, analysts who have done this in the past have done so as well “impossible” price predictions of $20,000 was not spared in the crypto analyst’s tirade. Moon Lambo said such people only make baseless claims and do not provide any justification for such claims.
He provided insight into why these analysts make such predictions, as he suggested that they did so to attract more audiences. He noted that he would likely gain more subscribers if he jumped on this “bandwagon.” However, he does not plan to do that because he believes it will be “intellectually dishonest” to do so.
Featured image from Tekedia, chart from Tradingview.com
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