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RIPPLE of the initial public offer (IPO) became higher over time, and the company heads towards the complete solution of the SEC process. With expectations of the growing IPO, possible valuations began to fly because the company is one of the largest cryptocurrency companies. Most importantly, the Pro-XRP lawyer and a member of the community John Deaton suggested that IPO Ripple can lead to the company’s valuation at over $ 100 billion.
Deaton puts a ripple per $ 100 billion
The commentary and valuation of the lawyer John Deaton are after the circle, the company standing behind USDC StablecoinHe successfully ended his initial public offer (IPO). Until now, the cryptographic company has been very successful on the market, increased from an initial valuation worth $ 5 billion to over $ 63 billion after IPO.
Decon replied To post on X (previously Twitter), emphasizing this feat, indicating how ripple can be even more effective in this respect. He explains that despite the fact that the general director of Ripple, Brad Garlinghouse, said that the company did not hurry in public, IPO should be correctly defined to have an adequate impact.
Pointing to the current market environment, he points out that if the wheel can enhance to a valuation of $ 63 billion, it means that ripple may enhance even higher. Considering XRP on the market as the fourth largest cryptocurrency, before USDC Circle, which ranks 7th, Deaton believes that Ripple IPO valuation can enhance to $ 100 billion. “If Circle can hit the 62B-75B market capitalization, then Ripple, with almost 40b XRP, currently valued at USD 2 (ie USD 80 billion), can certainly reach market capitalization worth USD 100 billion in this environment,” wrote Deaton.
How Bitcoinist reportedRipple issued a tender offer of USD 700 million with shares for $ 175. This is currently the valuation of the company is $ 25 billion with 141 million overdue shares, because investors look positive on a cryptographic company.
How high can the price of XRP be?
Market experts speculated that if Ripple IPO is passing and the valuation increases, the XRP price will enhance in tandem. Dennis Liu’s cryptographic investor shared video This suggests that the successful IPO will be positive for the XRP price. It indicates that the symbiotic ratio of the XRP coin associated with Ripple would be the dream of investors.
Other market experts discussed that the XRP price would double to enhance above USD 10, if this happens. In some cases The price of XRP has been set up to $ 100 If Ripple complements its IPO and starts trade as a listed company.
A distinguished picture from Dall.e, chart from tradingview.com
