Crypto analyst says Ripple will be the next Amazon and Facebook despite XRP’s needy performance

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A cryptocurrency analyst predicted that a cryptocurrency payments company, Ripple could be the next high-valuation stock like Amazon and Facebook. This prediction comes as XRP sees needy performance amid market and Ripple volatility ongoing court battle with the US Securities and Exchange Commission (SEC).

An analyst predicts that Ripple will become a billion-dollar startup

He runs the AllinCrypto YouTube channel released a recent video highlighting Ripple’s future prospects and its ability to grow into a billion-dollar company. The analyst expressed confidence that the United States would do so adopt Ripple as a “unicorn company” like e-commerce and technology giants such as Amazon, Apple, Facebook and Microsoft.

The analyst also revealed that Ripple is on a similar growth path to leading companies that have contributed to the booming US economy. He based his predictions on cryptocurrency stablecoin plans, highlighting how United States Treasury members acknowledge the importance of stablecoins in the national economy.

In a YouTube video, a cryptocurrency analyst shared a recent Wall Street Journal news article that highlighted how cryptocurrency can contain potential risks debt crisis in the US. He revealed that treasury members were discussing ways stablecoins could aid the United States maintain global dominance by highlighting the opportunity these digital assets have to solve the “colossal debt the United States currently has.”

Earlier in April, Ripple announced is set to launch a USD-pegged stablecoin to compete with established stablecoin giants such as Tether (USDT) and Circle (USDC). This development is in line with the cryptocurrency payments company plans to expand its digital payments reach while strengthening its position on the American financial market.

WITH development market capitalization exceeding $29 billion as of June 4, Ripple still lags far behind tech giants such as Amazon and Facebook, whose market capitalization exceeds $1 trillion. A cryptocurrency payments company will need to achieve a similar market valuation and broad adoption as these tech giants before it can achieve “unicorn company” status.

Currently, Ripple is doing everything it can expand its global operations and services despite the sinking performance of XRP, the native token of the XRP Ledger (XRPL). In addition, there is an ongoing legal battle with the US SEC and lack of clarity in regulations for digital assets in the U.S. could potentially hamper the pace of growth for cryptocurrency payments companies.

Penniless XRP performance

Taking into account needy XRP performance in the cryptocurrency market, a cryptocurrency analyst’s prediction that Ripple will become a unicorn company may seem quite ambitious. XRP is consolidating has been oscillating around the $0.50 price threshold for years, recording significant declines even in favorable market conditions.

Cryptocurrency value stagnation is profound frustrated long-term XRP investors and community members, prompting some to sell significant stakes. At the time of writing XRP price according to CoinMarketCap it is $0.49, reflecting a decline of 1.52% over the past 24 hours and a decline of 9.36% over the past month.

XRP price struggles to hold | Source: XRPUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

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