{"id":590903,"date":"2024-03-01T20:00:35","date_gmt":"2024-03-01T20:00:35","guid":{"rendered":"https:\/\/wncen.com\/?p=590903"},"modified":"2024-06-11T08:37:33","modified_gmt":"2024-06-11T08:37:33","slug":"xrp-price-will-reach-10","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-price-will-reach-10\/","title":{"rendered":"CEO Of Blockchain-Focused VC Firm Predicts XRP Price Will Reach $10"},"content":{"rendered":"

Oliver Michel<\/span><\/a>, founder and CEO of German-based venture capitalist firm Tokentus Investment AG, has given a bullish price prediction for <\/span>the XRP price<\/span><\/a>. According to him, XRP could hit $10 soon enough.\u00a0<\/span><\/p>\n

XRP Price To $10 Is Just The Beginning<\/h2>\n

Michel <\/span>mentioned<\/span><\/a> during an interview with Der Aktion\u00e4r, a leading German finance magazine, that he expects XRP to rise to between $5 and $10 in the first wave of its <\/span>parabolic move<\/span><\/a> to the upside. Interestingly, he added that XRP would eventually hit three to four figures and didn\u2019t <\/span>seem worried<\/span><\/a> about XRP\u2019s current price action.\u00a0<\/span><\/p>\n

Related Reading: Dogecoin Rallies 50% To Beat Out Avalanche, BONK Overtakes PEPE<\/a><\/div>\n

Meanwhile, Michel revealed that he is invested in the XRP tokens as he has them both in his family office and with his company, Tokentus. The same applies to Ripple shares, which he stated he purchased through an SPV (Special Purpose Vehicle).\u00a0<\/span><\/p>\n

Michel is no stranger to the XRP ecosystem, considering that his company <\/span>partnered<\/span><\/a> with Ripple last year in an effort to grow and increase the adoption of the XRP Ledger (XRPL). During the interview, Michel also offered his thoughts on Ripple as a \u201cprofessional company\u201d and sounded so bullish on what the crypto firm was building with its <\/span>Payment service<\/span><\/a>.\u00a0<\/span><\/p>\n

He used the opportunity to elaborate further on how Ripple was simplifying cross-border transactions with the help of the XRPL and XRP tokens. Ripple is known to settle these transactions through its blockchain, with XRP serving as the utility token, and these XRP tokens are then converted to the fiat currency of the recipient’s choice.\u00a0<\/span><\/p>\n

XRP To Become The \u201cWorld Reserve Bridge Currency\u201d<\/h2>\n

Michel stated that XRP could become the \u201cworld reserve bridge currency\u201d once countries implement their CBDCs (Central Bank Digital Currency). Ripple\u2019s XRPL is <\/span>already being touted<\/span><\/a> as the go-to chain for CBDC settlements. The crypto firm <\/span>had also revealed<\/span><\/a> that they were already actively working with more than 20 Central banks on CBDC initiatives.\u00a0<\/span><\/p>\n

Related Reading: Crypto Expert Reveals Why Bitcoin Can Rise To $400,000<\/a><\/div>\n

The Tokentus founder also believes it won\u2019t be long before other <\/span>Central banks<\/span><\/a> fall back on Ripple to help them implement their CBDCs. He noted that the pressure was piling up on these banks to act now to avoid an impending economic collapse. XRP is expected to play an integral role when this all happens.\u00a0<\/span><\/p>\n

Ripple\u2019s XRPL also looks set to act as the intermediary between all these CBDCs when the time comes. Bitcoinist <\/span>once reported<\/span><\/a> how the network\u2019s clawback feature boosts the prospects of CBDCs being implemented on it.\u00a0<\/span><\/p>\n

At the time of writing, XRP is trading at around $0.58, down over 1% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"XRP<\/p>\n

XRP at $0.58 | Source: XRPUSD on Tradingview.com<\/a><\/pre>\n
Featured image from Analytics Insight, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Oliver Michel, founder and CEO of German-based venture capitalist firm Tokentus Investment AG, has given a bullish price prediction for the XRP price. According to him, XRP could hit $10 soon enough.\u00a0 XRP Price To $10 Is Just The Beginning Michel mentioned during an interview with Der Aktion\u00e4r, a leading German finance magazine, that he expects XRP to rise to between $5 and $10 in the first wave of its parabolic move to the upside. Interestingly, he added that XRP would eventually hit three to four figures and didn\u2019t seem worried about XRP\u2019s current price action.\u00a0 Related Reading: Dogecoin Rallies 50% To Beat Out Avalanche, BONK Overtakes PEPE Meanwhile, Michel revealed that he is invested in the XRP tokens as he has them both in his family office and with his company, Tokentus. The same applies to Ripple shares, which he stated he purchased through an SPV (Special Purpose Vehicle).\u00a0 Michel is no stranger to the XRP ecosystem, considering that his company partnered with Ripple last year in an effort to grow and increase the adoption of the XRP Ledger (XRPL). During the interview, Michel also offered his thoughts on Ripple as a \u201cprofessional company\u201d and sounded so bullish on what the crypto firm was building with its Payment service.\u00a0 He used the opportunity to elaborate further on how Ripple was simplifying cross-border transactions with the help of the XRPL and XRP tokens. Ripple is known to settle these transactions through its blockchain, with XRP serving as the utility token, and these XRP tokens are then converted to the fiat currency of the recipient’s choice.\u00a0 XRP To Become The \u201cWorld Reserve Bridge Currency\u201d Michel stated that XRP could become the \u201cworld reserve bridge currency\u201d once countries implement their CBDCs (Central Bank Digital Currency). Ripple\u2019s XRPL is already being touted as the go-to chain for CBDC settlements. The crypto firm had also revealed that they were already actively working with more than 20 Central banks on CBDC initiatives.\u00a0 Related Reading: Crypto Expert Reveals Why Bitcoin Can Rise To $400,000 The Tokentus founder also believes it won\u2019t be long before other Central banks fall back on Ripple to help them implement their CBDCs. He noted that the pressure was piling up on these banks to act now to avoid an impending economic collapse. XRP is expected to play an integral role when this all happens.\u00a0 Ripple\u2019s XRPL also looks set to act as the intermediary between all these CBDCs when the time comes. Bitcoinist once reported how the network\u2019s clawback feature boosts the prospects of CBDCs being implemented on it.\u00a0 At the time of writing, XRP is trading at around $0.58, down over 1% in the last 24 hours, according to data from CoinMarketCap.\u00a0 XRP at $0.58 | Source: XRPUSD on Tradingview.com Featured image from Analytics Insight, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":590918,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[1020,5624,88727,3680,17209,4355,4531,83637,13172,16289,10972,78763],"class_list":["post-590903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-blockchain","tag-blockchain-news","tag-crypto-vc","tag-ripple","tag-ripple-news","tag-vc","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrp-price-prediction","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nCEO Of Blockchain-Focused VC Firm Predicts XRP Price Will Reach $10<\/title>\n<meta name=\"description\" content=\"Oliver Michel, founder and CEO of German-based VC firm Tokentus Investment AG, has given a bullish price prediction for the XRP price.\" \/>\n<meta name=\"robots\" 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"CEO Of Blockchain-Focused VC Firm Predicts XRP Price Will Reach $10","url":"http:\/\/wncen.com\/news\/ripple\/xrp-price-will-reach-10\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/xrp-price-will-reach-10\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/XRP-Price.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/XRP-Price.png?fit=2200%2C1467"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["blockchain","blockchain news","crypto vc","ripple","ripple news","vc","xrp","xrp news","xrp price","xrp price prediction","xrpusd","xrpusdt"],"dateCreated":"2024-03-01T20:00:35Z","datePublished":"2024-03-01T20:00:35Z","dateModified":"2024-06-11T08:37:33Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"CEO Of Blockchain-Focused VC Firm Predicts XRP Price Will Reach $10\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-price-will-reach-10\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-price-will-reach-10\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/XRP-Price.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/XRP-Price.png?fit=2200%2C1467\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"blockchain\",\"blockchain news\",\"crypto vc\",\"ripple\",\"ripple news\",\"vc\",\"xrp\",\"xrp news\",\"xrp price\",\"xrp price prediction\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-03-01T20:00:35Z\",\"datePublished\":\"2024-03-01T20:00:35Z\",\"dateModified\":\"2024-06-11T08:37:33Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/XRP-Price.png?fit=2200%2C1467","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/590903"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=590903"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/590903\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/590918"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=590903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=590903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=590903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}