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The possibilities of a Ripple Initial Public Offer (IPO) have become higher as time passes and the company moves towards a complete resolution of his sec -right case. With the expectations of the IPO -increasing, possible valuations started to fly around, because the company is one of the largest cryptocurrency companies. The most striking thing is that Pro-XRP lawyer and member of the Community John Deaton proposed that Ripple’s IPO could lead to the company being appreciated at more than $ 100 billion.
Deaton sets Ripple to $ 100 billion
The comment and appreciation of lawyer John Deaton are coming after Circle, the company behind the USDC StablecoinInitial public offer (IPO) are successfully completed. So far, the crypto company has found great success in the market, which is increasing from an initial appreciation of $ 5 billion to more than $ 63 billion in appreciation after IPO.
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Deaton responded To a message on X (formerly Twitter), who emphasizes this performance, pointing out how Ripple could be even more successful in this respect. He explains that, despite Ripple’s Brad Grad Garlinghouse, that the company was not in a hurry to become public, the IPO should be correctly timed to have the correct impact.
He points to the current market environment and points out that if a circle can grow to a valuation of $ 63 billion, which means that Ripple can rise even higher. Given the status of XRP in the market as the 4th largest cryptocurrency, before the USDC of Circle, which is in 7th place, Deaton believes that Ripple’s appreciation after IPO can rise to $ 100 billion. “If Circle can hit a 62B-75B market capitalization, Ripple, with nearly 40B XRP, would currently be valued at $ 2 (ie $ 80 billion), certainly a market capitalization of $ 100 billion in this area,” Deaton wrote.
When Bitcoinist reportedRipple had issued an $ 700 million offer with shares priced at $ 175. This now places the company’s share rating at $ 25 billion with 141 million outstanding shares, because investors look favorably at the crypto company.
How high can the XRP price go?
Markt experts have speculated that if Ripple’s IPO goes through and the valuation rises, the XRP price will rise. Crypto investor Dennis Liu shared one video That suggested that a successful IPO would be positive for the XRP price. He points out that a symbiotic relationship between the XRP coin with regard to the Ripple shares would be the dream of investors.
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Other market experts have debated that the XRP price would rise double digits to rise above $ 10 if this happens. In some cases the XRP -price is linked up to $ 100 When Ripple completes his IPO and starts acting as a listed company.
Featured image of dall.e, graph of tradingview.com