Analyst Explains $15 Target via ETF Market Cap Boost

• The analyst used the CAP CAP and the JPMORGAN projection to predict that XRP could reach $ 15 in only one year.
• He also admitted that his dropping has restrictions because it failed in a worker in future markets and trading activities in decentralized exchange on XRPL.

Previously, we explored the detailed analysis of JPMorgan, which was estimated that the XRP (ETF) exchange fund could attract $ 4-8 billion in the first year. According to this report, this number was derived from its potential adoption and the performance of the investment funds circulating in Bitcoin (BTC) and ETHEREUM (ETH).

Basically, Bitcoin ETF attracted $ 108 billion in its first year of trading, which represents 6 % of the maximum market, while Ethereum ETF has a flow of 3 % of the maximum market. By applying a similar concept, the bank estimated that XRP can provide at least $ 4 billion, as shown above.

Why is this important?

Using a CAP Market and XRP ETF formation model by JPMORGAN, a famous analyst was determined as Zach Refertor that XRP could reach $ 15. To be more cautious and realistic, the President of the University used the bottom point for the scope of the estimated flow, which is $ 4 billion, in his analysis. He also used other models to measure how the basic asset price is paid with flows.

With the highlight of the direct impact of the maximum flows on the market, the Rector was martyred in an accident on April 12 when it added $ 12.87 million in flows of $ 7.74 billion to the maximum XRP market. Wonderfully, this happened in just eight hours. Technically, the analyst explains that this represents a double 601X. In other words, the flow of $ 12.87 million increased by 601 times to reach the maximum added market.

Returning to the main analysis, Reector believes that the use of a 200x double for the $ 4 billion XRP ETF flow can be a conservative approach. In this case, the original can add the maximum market $ 800 billion in the first year of ETF trading. Adding this to the maximum current market of $ 125 billion means that the original will have a total assessment of $ 925 billion.

To obtain the estimated price of $ 15, the President of the University divided the maximum expected market at $ 925 billion through the trading offer of 60 billion icons. Mathematically, this would represent a great increase of 597 % of the current level.

Explain the effectiveness of his model, the university president admitted that there may be restrictions. According to him, the model failed to consider future markets and trading activities in decentralized exchange on Professor XRP (XRPL). As note, this can evenly affect the flows.

Amid the background of this analysis, the first XRP ETF recently introduced a leader in the market and recorded $ 5 million in size for the first time. As mentioned in our previous article, ETF aims to Teucrium 2x Daily Daily ETF to “provide daily returns to XRP via Mubadala Agreement.”

XRP is also expected to record another historical milestone on April 16 and April 21, which can also have a greater effect on the price, as shown in our previous coverage. At the time of the press, the original was traded at $ 2.1 after the rise 15 % On the weekly graph.

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