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Market Capitalization Is Not a Barrier for XRP Price to Reach $1,000, Experts Explain Why
In a recent post on the social media platform X, financial technology analyst Armando Pantoja argued that the notion that market capitalization limits the rise of XRP to $1,000 is fundamentally flawed. His comments were made alongside a short video clip in which he compares cryptocurrency to early-stage technology companies like Microsoft. Why Market Capitalization Does Not Limit Technology In his video, Pantoja dismissed the opinions of many investors that the market capitalization of XRP should be used as a rigid barrier against a long-term price increase to $1,000. He noted that while technical analysis can be useful in the short term, it becomes less effective when assessing the potential of a token over the long term. To emphasize his point, he cited a hypothetical scenario from the early 1990s, asking the audience to imagine those who doubted Microsoft's growth due to the company's market capitalization. He argued that such logic would miss the wave of widespread adoption driven by Microsoft. Pantoja asserts that applying stock market valuation metrics to cryptocurrencies will lead to misunderstandings, especially when tokens like XRP are more akin to technology than companies. "Market capitalization is always too high. What does that matter? Technology is what will be implemented regardless of how it is," he said. This means that XRP is expected to follow a different trajectory, relying more on the level of network usage, utility, and the ability for long-term integration into global systems. This, in turn, will increase the demand for XRP and push its price up to 1,000 dollars. Community Reaction: XRP Is Struggling with Growth Momentum It is easy to point out the mathematical implications of XRP reaching $1,000, a valuation that would bring its market capitalization up to tens of trillions of dollars. However, supporters like Pantoja argue that that thinking is based on outdated comparisons. Therefore, it is not surprising that Pantoja's post has received high agreement in the XRP community, especially among those who believe that this token has much more room for development than what analysts allow. However, the post also attracted some dissenting opinions from those who argue that the price predictions might be too high. Instead of focusing on circulating supply or market capitalization figures, Pantoja argues that the long-term valuation of XRP will depend on the real-world adoption of its underlying technology. XRP, through cross-border use cases, will certainly attract significant attention from banks and institutions, especially after the SEC-Ripple lawsuit finally comes to an end. Interestingly, the price target of $1,000 has garnered general consensus from a few other cryptocurrency analysts. BarriC, a cryptocurrency commentator, also posted on the social media platform X that there is a clear roadmap for XRP to surpass the $4 level, followed by $10 to $20, breaking through $100, and ultimately reaching $1,000. He frames it as a multi-stage trajectory based on the adoption of institutions and the infrastructural role of XRP in cross-border payments. Dom Kwok, former analyst at Goldman Sachs and co-founder of EasyA, predicts a long-term target of up to $1,000 by 2030, which also depends on mass adoption. Anders, another XRP supporter, also set a feasible long-term ceiling price of $1,000, compared to the potential target of $1 million for Bitcoin. $XRP {spot}(XRPUSDT)