Financial Expert’s Ripple Video Resurfaces
The rumors had first begun with of the XRP community talking about a possible IPO. Like rumors are wont to do, it quickly took on a life of its own and grew from there. But the most interesting thing so far has been the resurrection of a of financial expert Linda Jones talking about a possible valuation for Ripple. Jones had put forward a valuation of $5.7 billion for a possible stock, which placed the single share price at $35 apiece at the time, using data from the Linqto platform. She points to the XRP in circulation which comes out to over $21 billion. Given this, she believes that Ripple’s stock valuation at $35 is too low.
This would put the Ripple stock at a value of around $600, but with the possibility of being higher as the expert points out Ripple’s valuation could reach as high as half a trillion. According to her, the company has what it takes to be considered a high-value company like Nvidia or Apple.
What Happens To The XRP Price In This Case?
If a Ripple stock were to be released and it reached as high as Jones’ calculations present, then there is more than enough reason for the XRP price to rocket alongside the stock price. In this case, Ripple would be the first public company to have a cryptocurrency, so there is really no historical data. However, some similarities can be drawn from Bitcoin’s connection to the stock price of Bitcoin mining companies.
When the price of Bitcoin rallies, the stock price of Bitcoin mining companies have often followed suit. This is often because a surge in faith in one translates to a rise in faith in another. Applying the same logic to Ripple and a surge in the stock price would likely result in more interest in the underlying cryptocurrency, resulting in an increase in the XRP price.
If the stock price eventually climbs above $600, then it is not out of the ordinary to expect the XRP price to cross $5 at least. Additionally, there would likely be a strong correlation in the performance of both assets, so a drop in one could mean a drop in the other, and vice versa.Token price rises above $0.5 once more | Source:
