Crypto Founder Predicts Timeline For XRP To Reach $10,000
Jake Claver, Managing Director of Digital Ascension Group, has rejuvenated discussions around XRP reaching $10,000, and this time, adding an ambitious timeline.
In a tweet, he shared a video in which he explained the concept of XRP requiring a specific price point to efficiently move large amounts of money for institutions. Claver noted that on the XRP network, the higher the price of XRP, the more money it can move with a smaller amount of tokens.
To support this view, he cited a popular example given by Ripple CTO David Schwartz. Specifically, Schwartz famously stated that moving $1 million with XRP requires 1 million tokens, assuming a unit price of $1.
However, if XRP were at $10 per token, the network would need only 100,000 tokens…
