Famous Trader: This Is The Only Altcoin That Will Make Its Investors Rich!

Renowned crypto blogger and trader Cameron Fous makes a bold prediction about the future of XRP. Also, a report assesses the fair market value for the altcoin. In line with this, he argues that XRP will make its investors rich.

The only altcoin that will make its investors rich!

Cameron Fous claims that XRP is currently creating a remarkable bullish and booming pattern in the crypto industry. The trader says that XRP is the only cryptocurrency with the capacity to make investors rich this year. However, he warns that the opposite outcome, which puts investors in financial trouble, is also a possibility.

Analyzing the attached chart accompanying Fous’ tweet, it is seen that the price of XRP is steadily approaching the $0.5498 level per token. Taking a trader’s point of view, it can be observed that XRP has accumulated below this level for a year and made several unsuccessful attempts to break it. However, the altcoin is now starting to show signs of resilience, pulling back less and forming higher lows. Notably, XRP’s volatility has also witnessed a drop.

Drawing from the classic view of price action, this pattern could potentially signal a preparation for a strong upward move. Experienced trader Fous interprets these market indicators as strong indicators of an imminent increase in the value of XRP. Meanwhile, cryptocoin.comAs with any investment decision, we recommend that you do your own research before making any major moves, especially in the crypto market.

According to the report, 1,000 XRP could bring in $3.5 million!

XRP has shown tremendous resilience to the bear market despite legal pressure from the SEC’s lawsuit. However, some industry leaders believe that the price of XRP should be much higher than it is. This leads to an assessment of fair market value. A recent report by Valhil Capital suggests that if the asset were trading at $3,500, which is the lowest estimate of its fair market value, investors would be sitting on a $3.5 million investment with just 1,000 XRP.

Valhil Capital’s research to determine the fair market value of XRP began about two years ago. The firm established a Valuation Committee of financial experts late last year. The committee used six different models to determine the fair market value of XRP. The results announced this week were astonishing, with a low of $3,500 and a high fair market cap of $22,000. Valhil Capital emphasizes that this is not an estimate of the price of XRP, but a rough estimate of its market value without regulatory pressure from the SEC litigation and other external factors.

This valuation is largely dependent on the individual and institutional adoption of XRP as a store of value on the global stage. Specifically, several institutions have chosen to avoid XRP to reduce the likelihood of SEC litigation. Top US-based exchanges like Coinbase and Kraken had to delist XRP. This lowered the asset’s adoption rate.

XRP fair market value

100 XRP worth $3,500 will be worth $350,000, and 1,000 XRP will be worth $3.5 million. This represents 706.399% higher than the current value of XRP. On the other hand, at the highest fair market value of $22,000, it would take a little more than 45 XRP to earn $1 million.

However, it should be noted that some industry experts question the efficiency of these assessments. Matt Hamilton, a former Ripple Director, expressed doubts about the document’s legitimacy when the cover was mocked last month. While Hamilton questioned the document’s efficiency, he confirmed that one of the models used in the paper, the Athey & Mitchnick (A&M) Model, was the most logical one he had seen. Specifically, according to the A&M Model, the fair market value of XRP is between $6.37 and $32.91. Regardless of the divergence of opinions, the consensus remains that XRP would have been valued much higher had the SEC lawsuit never happened.