The XRP price could rise to triple digits if XRP takes a small portion of the derivatives millionsarket amid community speculation.
The global derivatives market is one of the giants in the financial scene, and industry leaders insist its valuation is in the trillions. Current Estimates suggest its face value could exceed $1 quadrillion.
XRP price if it takes 1% of the derivatives market
However, some experts question these forecasts, arguing that they may overstate the actual size of the market. Still, capturing even a small portion of this massive market could be of great benefit to assets like XRP.
If XRP secured just 1% of the derivatives market at a valuation of $1 quadrillion, that would be equivalent to $10 trillion. Since XRP’s total supply is capped at 100 billion tokens, a $10 trillion market cap would mean a price of $100 per token.
Interestingly, some market commentators have argued that XRP is capable of reaching the $100 mark. Armando Pantoja disputed last month that a price of $100 was possible for XRP. In September, crypto analyst Levi announced said The $100 milestone is “safe.”
Currently, XRP is trading at around $2.30, meaning the price would need to rise over 4,247% to reach this hypothetical $100 level. To achieve such growth over a seven-year period would require an annual growth rate of around 600%.
XRP at the forefront of attention
Speculations about XRP entering the derivatives market arose amid a possible partnership between them Ripple and Bitstamp. Bitstamp, a leading cryptocurrency exchange, is planning to launch a derivatives exchange, and Ripple could also…
