One analyst has predicted crypto payments company Ripple could be the next most valuable company, similar to Amazon and Facebook. This prediction comes as XRP has underperformed amid market volatility and the Ripple – US Securities and Exchange Commission (SEC) lawsuit remains unresolved.
Analyst predicts Ripple will be a startup a
YouTube host AllinCrypto has released one video new, highlighting Ripple’s future prospects and its ability to become a billion-dollar company. The analyst expressed his belief that the United States will view Ripple as a “unicorn company” similar to e-commerce and technology giants such as Amazon, Apple, Facebook, Microsoft.
The analyst also revealed that Ripple is on a growth trajectory similar to leading companies that have contributed to the growing US economy. He made the prediction based on the stablecoin plan for cryptocurrency payments, highlighting how members of the US Treasury Department acknowledge the importance of stablecoins in the national economy.
In the YouTube video, the analyst shared a recent Wall Street Journal article, which highlights how crypto could avert a potential debt crisis in the United States. He revealed that Treasury members are discussing how stablecoins could help the United States maintain global dominance, highlighting the potential for these digital assets to address the “huge debt burden that the United States faces.” Ky is currently suffering.”
In early April, Ripple announced its intention to launch a USD-pegged stablecoin, competing with established stablecoin giants such as Tether (USDT) and Circle (USDC). The development is in line with the cryptocurrency payments company’s plans to expand its digital payments footprint while strengthening its position in the U.S. financial market.
With a growing market capitalization of more than $29 billion as of June 4, Ripple still lags behind tech giants like Amazon and Facebook, both of which have market capitalizations of more than $1 trillion. la. Crypto payments companies will have to achieve similar market valuations and widespread acceptance as these tech giants before they can achieve “unicorn company” status.
Currently, Ripple is doing all it can to expand its global operations and services despite XRP’s declining performance. Additionally, the ongoing legal battle with the US SEC and lack of regulatory clarity on digital assets could hinder the growth of this crypto payments company.
Currently, Ripple is doing all it can to expand its global operations and services despite XRP’s declining performance. Additionally, the ongoing legal battle with the US SEC and lack of regulatory clarity on digital assets in the country could hinder the crypto payments company’s growth.
XRP’s lackluster performance
Given XRP’s poor performance in the cryptocurrency market, analyst predictions of Ripple becoming a unicorn company seem quite ambitious. XRP consolidated at the $0.50 price threshold for years, falling big even in favorable market conditions.
The stagnant value has left long-term XRP investors and community members extremely frustrated, causing some to sell off their holdings. At the time of writing, XRP trades for $0.48, down 0.14% over the past 24 hours and 9% over the past month.
XRP 4-hour price chart | Source: Tradingview
You can see XRP price here.
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