Gold Touched $30T Cap, Here’s XRP Price if It Ever Hits This Milestone

robot
Abstract generation in progress

With gold recently becoming the first asset in the world to surpass a $30 trillion market cap, how much would XRP rise to if it ever attained this milestone?

While the crypto market has tumbled over the past few weeks, gold has held strong, essentially showing why many consider it a hedge against financial instabilities. Notably, the total crypto market cap dropped from a peak of $4.27 trillion on Oct. 6 to the current value of $3.59 trillion, having lost up to $680 billion within this period.

Gold Becomes First Asset to Hit a $30T Market Cap

This bearish turn of events comes on the back of tariff tension between China and the U.S., with the historical Oct. 10 crypto market crash also contributing to the losses. Meanwhile, gold has only shown strength, eventually reaching the $30 trillion milestone yesterday as its price per ounce claimed new all-time highs.

XRP Price if It Reaches the $30T Cap Milestone

Moreover, some XRP proponents have even suggested that XRP could be trailing gold’s price action, a move that would see the altcoin soar to greater heights. Amid these discussions, we recently evaluated how high XRP could go if, trailing gold’s movements, it also hit the $30 trillion market cap milestone someday.

Currently, XRP changes hands at $2.35, with a market cap of around $141 billion, considering its current circulating supply of 59.97 billion tokens. At the current position, the XRP market represents only 0.004% of the gold valuation, suggesting that it has a long way to go before it catches up to the $30 trillion mark, if it ever does.

XRP’s market cap would have to grow by an audacious 21,176% to reach the $30 trillion level. Notably, if XRP ever soared to this level, the price per XRP could reach around $300, considering the total existing supply of 99.9 billion tokens at the time of reporting.

Notably, analysts at crypto resource Changelly also believe XRP could claim the $300 level, but not in this decade. According to Changelly, XRP could cross $300 by February 2040, about 15 years from now. They predict a minimum price of $381, with a maximum price of $452 for this timeline.

XRP Price Predictions Changelly

XRP Price Predictions | Changelly

XRP-2.58%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)