Business Spotlight

XRP Price Analysis: Potential Surge to $10 by 2024—Will Ripple Pump Again?

 Investors are wondering whether XRP will reach $10 by 2024. Read more to find out about alternative investments that are sure to reap even more gains.  

Evil Pepe
info_icon

Ripple is a technology that has earned the reputation of being one of the biggest cryptocurrencies and payment protocols in existence. It has always been one of the largest cryptocurrencies in terms of volume and is currently ranked naturally, so it is always on the radar of serious crypto investors looking for profit opportunities. However, investors are also advised to try some newcomers such as Wall Street Memes ($WSM), BTC20 ($BTC20), and Evil Pepe Coin ($EVILPEPE), as all of them have the potential to reap even more gains in XRP. 

XRP Price Outlook: Will XRP Reach $10?  

info_icon

The market performance of XRP has been subject to a myriad of events. For instance, following a series of downturns in January 2022, XRP surged to a high of $0.9163. However, it faced subsequent declines due to investor unease surrounding the SEC vs. Ripple case. The collapse of Terra Labs further impacted XRP’s performance, plummeting to $0.28748. It later experienced a temporary recovery, climbing to $0.55. 

When the crypto market as a whole suffered a setback due to the FTX debacle, XRP tested buyers at $0.32 before stabilizing. In 2022, XRP lost 56.7% of its value, decreasing to $0.3595. As the XRP community enters 2023, its trajectory will depend on a favorable resolution in the SEC vs. Ripple case. 
Based on available data, our XRP price forecast indicates that the price of XRP may rise a bit in 2023, primarily driven by planned developments and partnerships. Various predictions put XRP’s price at $0.85 at its peak in 2023, indicating that the likelihood of reaching $10 is slim. This is why investors are advised to look at the following alternatives if they want the same level of returns: 

Wall Street Memes ($WSM): Backed By a Huge Community

Meme coins are the trending commodity in today’s fast-paced market, and a number of projects have emerged. One that is likely to have the most successful future among them is Wall Street Memes ($WSM). While it’s still early to gauge how well the meme coin will perform, its blistering presale gives us a positive outlook. 
The hype around the project can be attributed to the popularity of Wall Street Memes existing online followers. They have a combined follower count of 1 million across social media sites and more than 250k on Twitter.

This is an impressive feat for a new project. It has famously attracted the attention of celebrities such as Elon Musk and YouTubers such as Cameron Fous. Musk has been known to positively influence the price of several meme coins, and this is no different.

The team behind Wall Street Memes Token has already tasted major success thanks to the Wall St Bulls NFT collection, which achieved $2.5 million in sales in 2021. This is one of the reasons why the Wall Street Memes Token has the potential to explode and rake in 100x gains for its investors. 

BTC20 ($BTC20): Bitcoin As it Was in 2011

info_icon

When Bitcoin was first launched, very few people even knew what the term cryptocurrency was, let alone about Bitcoin. Back in April 2011, Bitcoin was just trading at $1. This meant that just a couple of hundred dollars of investment would fetch a million dollars right now. This is exactly what BTC20 wants its users to experience. 

Advertisement

BTC20 is a project inspired by the fact that Bitcoin is not within the reach of normal investors due to its high price. It wants to provide investors the opportunity to invest in a BTC-like token for just $1, similar to how $BTC was valued in 2011. 

BTC20 also brings with it some powerful features. For instance, it is a more sustainable project compared to the original Bitcoin. Bitcoin has received criticism for its energy-intensive mining process, which BTC20 wants to address. It also implements a proof-of-stake algorithm and does not involve any mining processes. 
Investors also get a chance to earn passive income through the staking mechanism. It has decided to lock 14.95 million tokens into a contract at the end of the presale for staking purposes. With BTC20 starting to take off, investors should take action and position themselves to reap the benefits. 

Evil Pepe Coin: More than Just a Meme Coin
 

There have been many cheap knock-offs of meme coins that have failed before. They are normally poorly created projects that only aim to grab the money of unsuspecting investors. They mostly emerge after a successful meme coin has started to explode. However, Evil Pepe Coin ($EVILPEPE) is much more than a cheap knock-off of Pepe Coin. 

This new project combines two of the internet’s most popular memes, appealing to both meme coin enthusiasts and serious crypto investors. Since tokenomics is an important aspect of the success of a meme coin, Evil Pepe Coin has left no stone unturned. The team behind the project has allocated 90% of the supply towards the presale and 10% towards liquidity. 

Advertisement

Investors have to move quickly if they want a slice of the small $2 million hard cap. The presale has just begun, with no signs of stopping. This is the last chance for investors to hop on the next huge meme coin. 

Conclusion

It is true that XRP has given its investors a lot of gains previously, and it still holds its position as one of the largest cryptocurrencies in terms of volume. However, the above alternatives also showcase concrete fundamentals and use cases that have the potential to take them to the moon. With the market now green, the time is perfect for investors to consider these alternatives. 

Advertisement
Important: We are happy to announce that we have successfully completed the migration of our site @outlookindia.com to enhance your experience as valuable user. But due to the scale of operations some data discrepancies may arise. We apologize for any inconvenience and thank you for your patience and understanding during this period.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement