Crypto expert Remi has raised the possibility that XRP could have a base price of $10,000. This came when the expert noted that the XRP Ledger (XRPL) could become the go-to network for tokenization, expanding the usefulness of XRP.
How XRP can reach a base price of $10,000
In one X messageRemi predicted that XRP could have a base price of $10,000. He suggested that this could happen if the altcoin has a “United States Crypto Price Floor System.” In particular, he made this comment regarding a report on the development of a crucial floor price system for minerals in the US.
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Remi suggested that this could also happen for XRP if the US eventually considers it a very important asset. Meanwhile, the expert also noted that the XRP Ledger will be tokenized gold and Bitcoinwhich would also increase the altcoin’s usefulness and potentially add to its $10,000 base price.
In another X messageRemi stated that all critical minerals on the XRPL will be tokenized using XRP as a bridge currency. He reiterated that the altcoin could reach $1,000, $10,000 and even $100,000 once these start happening on the XRPL. It is worth noting that the XRPL is already seeing a wave of tokenization of real-world assets (RWAs).
Billiton Diamond and Ctrl-Alt announced earlier this month that they had tokenized more than $280 million worth of certified polished diamonds. Ripple also backed the deal, with the crypto firm providing custodial services for this tokenization initiative. RWA.xyz data shows that total tokenized assets on the XRPL are currently valued at $1.9 billion. The network ranks sixth among all networks in terms of tokenized RWAs.
XRPL gets new upgrade
The XRP Ledger has been activated the allowed DEXwhich enables compliant institutional trading. This is expected to further drive adoption of the network, which is positive for XRP. Comment on this development, expert X Finance Bull noted that regulated institutions can now trade on the network with vetted counterparties.
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He further noted that this translates into compliant DeFi, on-chain order books and KYC-gated trading. The expert also claimed that Ripple and its partner institutions have been waiting for this, and that the infrastructure is ready and the payment rails are open. X Finance Bull stated that this is how trillions of dollars will end up in the XRP Ledger.
He also mentioned that the CLARITY Actsigned into law will be the next bullish catalyst for XRP. Once that happens, he predicts that institutional inflows into the XRP ecosystem will increase.
At the time of writing, the XRP price is trading around $1.41, down over 4% in the past 24 hours. facts from CoinMarketCap.
Featured image from Adobe Stock, chart from Tradingview.com