SHIB, NOT DOGE! $10 Estimate For This Altcoin!

In the past years, estimates of $1 or even $10 were made for penny-priced altcoins such as SHIB and DOGE. Recently, this prospect has been focusing on XRP due to its supremacy in the SEC lawsuit.

As SHIB and DOGE drop, $10 prospects emerge for this altcoin

John Deaton, a pro-XRP lawyer, suggested in his latest statements that the XRP price could reach $10. In a recent interview, Deaton shared his analysis of this target of XRP price following the SEC lawsuit.

Deaton talks about the behavior of investors who criticize XRP when it’s priced at $0.48 but will eagerly buy it when it’s valued at $1 or more. He suggests that there may be a phenomenon of fear of missing out (FOMO) among such individuals.

With that in mind, the lawyer predicts that XRP will potentially reach the ATH level. It also says it will surpass the previous $3.85 level. However, Deaton explained that he does not believe XRP will reach triple-digit values, instead it will stay in the $2 to $10 range.

Could altcoin reach $1 this year?

The Google Bard AI chatbot is considering the possibility of XRP reclaiming the $1 price point this year after falling below its price point a year ago. In a recent chat, he told Bard, “XRP is currently trading at $0.52. With developments around its tokenomics, community and XRP ecosystem, and Ripple, will it quadruple $1 in 2023?” we asked.

Responding to the question, Bard mentioned that XRP could reach the much desired price of $ 1 this year. However, the AI ​​chatbot suggested that this prediction is not guaranteed due to the unpredictable nature of the crypto market. He highlighted several factors that contributed to the XRP price’s rise to $1 this year.

Here are the factors that could support XRP on its $1 journey

Regarding tokenomics, the chatbot said that XRP remains a deflationary coin. He also stated that the total supply of XRP is capped at 100 billion. Unlike other coins like BTC and DOGE, no new XRP is minted. However, existing XRP tokens can be burned. This indicates a deflationary trend for the coin.

On the other hand, Bard highlighted that among the factors that would go against XRP’s $1 price target is a loss in Ripple’s SEC lawsuit and the state of the overall crypto market. In particular, market watchers have consistently stressed the importance of the SEC case. They believe that a positive decision for XRP will result in huge gains, while a negative decision can hinder its growth.

Ripple could go public within a year

Finally, crypto lawyer John Deaton, who made a $10 price prediction, suggests that Ripple’s potential IPO could result in a valuation of more than $100 billion, in line with previous analyst projections.

Deaton expressed his thoughts on the growing debate around Ripple’s potential IPO as the end of the SEC litigation approaches. He also noted that Ripple is on the way to an IPO and an IPO can be expected within a year if the company achieves a complete victory in its lawsuit against the SEC.

cryptocoin.comOn this page, you can take a look at the latest developments from the SEC-Ripple case.