Wall Street Expert Sees 20x Potential In Ripple Via XRP And IPO
26 Julio 2024 - 6:30AM
NEWSBTC
In a recent presentation, Linda P. Jones, a former Wall Street
financial expert and author of the bestseller “3 Steps to Quantum
Wealth: The Wealth Heiress’ Guide to Financial Freedom by Investing
in Cryptocurrencies,” detailed her bullish outlook for Ripple,
leveraging a valuation comparison with Coinbase and the potential
of XRP. Why Ripple Could Be Massively Undervalued Jones began by
noting Ripple’s present valuation on the Linqto investment platform
at $7.5 billion—a stark contrast to its 2020 and 2022 valuations of
$10 billion and $15 billion respectively. These figures were
determined during Ripple’s Series C buyback phases. She underscored
this point by stating, “That’s amazing to me that it’s such a low
valuation. That’s good for us as investors. Right?” Related
Reading: XRP Skyrockets 40% As Speculation Of Ripple-SEC Settlement
Gains Momentum The financial expert utilized the initial public
offering (IPO) of Coinbase as a benchmark for Ripple’s potential
market entry. She highlighted that when Coinbase went public in
2021, at the peak of the cryptocurrency market’s surge, it was
valued at $86 billion. Given this comparison, Jones argued that if
Ripple were to IPO with a similar market reception, it would yield
an eleven-fold return based on its current valuation. Adding a
layer to her valuation model, Jones discussed the significant
holdings of XRP by Ripple. Ripple currently has 48 billion XRP in
escrow, valued at approximately $29 billion at the current market
rate of $0.61 per XRP. Jones pointed out, “Now, Ripple does not put
it on their books. They don’t value it. They don’t give XRP any
value. But they do sell XRP, and they do make money from selling
XRP.” She proposed that future changes in accounting standards
might allow cryptocurrencies like XRP to be included on balance
sheets, which would further enhance Ripple’s valuation: “Joe
[Endoso, CEO of Linqto], and I believe that the accounting
standards will change and will allow a company that has a
cryptocurrency to be able to have it on their balance sheet in the
future.” With Ripple’s potential IPO valuation combined with the
current market value of XRP, Jones estimated a total valuation of
$115 billion, indicating a possible 15 times return on investment
from current levels. Furthermore, if XRP were to return to its
all-time high of $3.59, seen in 2017, she suggested that Ripple’s
total valuation could reach $150 billion, equating to a 20-fold
increase from its current valuation on Linqto. Jones referenced
historical price movements of XRP from 2017, where it saw a
dramatic increase of 60,000% in just 248 days. “We’re repeating
that pattern right now. We’re at the tip of the wedge,” she
elaborated, suggesting a possible repeat of these dynamics.
Highlighting the strategic silence on customer agreements and other
news, Jones hinted at significant undisclosed partnerships with
major corporations such as Amazon and Apple, which could further
bolster Ripple’s standing if confirmed. “That’s without the
settlement with the SEC. That’s without having crypto laws. That’s
without having an IPO announced. That’s without having an ETF.
That’s without having any disclosure about customer agreements that
Ripple has because they’ve had to be very quiet about that. We
happen to believe they have agreements with Amazon and Apple,”
Jones said. Related Reading: Pro-XRP Lawyer Debunks Ripple-SEC
Settlement Rumor For Tomorrow She concluded her presentation by
emphasizing the promising value for investors who are currently in
or considering entering Ripple or XRP. “So we have all kinds of
blue sky ahead in terms of possibilities for XRP and for Ripple. So
I just want to point out what a great value it is for those of us
who have already invested. But it’s still available on the [Linqto]
platform as of today,” she concluded. At press time, XRP traded at
$0.60. Featured image created with DALL·E, chart from
TradingView.com
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