A particular crypto analyst has boldly predicted that XRP price could rise to $60, driven by the influx of demand and capital from institutional investors as it taps into the market share or daily volume of the SWIFT, a global messaging solution for banking and payment. Related Reading: Helium (HNT) Falters 15% As Crypto Market Tries To Bounce Back XRP Eyes $60 With SWIFT’s Volume Boost In a recent X (formerly Twitter) post, Levi Rietveld proposed a unique scenario where XRP’s price could potentially surge to $60, marking a staggering increase of approximately 11,220% from its current value of $0.53.
The analyst has called on crypto investors to begin accumulating XRP, stressing that his ambitious projections for the cryptocurrency are not far-fetched, given its advantages over SWIFT in terms of cost, speed, and reliability. Institutional Adoption To Drive XRP Price Even Higher While hypothesizing the extent of XRP’s price surge with a small percentage of SWIFT’s volume, Rietveld also disclosed that the cryptocurrency could see a massive price increase as adoption from institutional investors skyrockets.
Moreover, he reveals that the current average payment size has increased to $60,000 per transaction, highlighting the staggering amount of fees it takes to execute just one transaction. Taking these figures into consideration, Rietveld has hypothesized that if XRP can acquire just 10% of SWIFT’s overall market share, the cryptocurrency could see an "astronomical” increase in its price.
The story "Expert Dissects $60 Forecast For XRP Price, Institutional Investors Are The Key" has 460 words across 60 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story "Expert Dissects $60 Forecast For XRP Price, Institutional Investors Are The Key" was covered 10 hours ago by NewsBTC, a news publisher based in United Kingdom.
How trustworthy is 'NewsBTC' news outlet?
NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United Kingdom and publishes an average of 8 news stories per day.
It's most recent story was published 11 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.