Linda P. Jones, a former financial expert on Wall Street and author of “3 Steps to Quantum Wealth: The Wealth Heiress’ Guide to Financial Freedom by Investing in Cryptocurrencies,” expressed her optimistic view on Ripple, highlighting its pricing in comparison to Coinbase and the potential of XRP.
Jones observed that Ripple’s (XRP) present valuation on the Linqto investing platform stands at $7.5 billion, which is lower than its estimations of $10 billion in 2020 and $15 billion in 2022.
She compared Ripple’s possible market debut to Coinbase’s initial public offering (IPO), suggesting that if Ripple were to IPO and receive a comparable market welcome, it might generate an eleven-fold return based on its present price.
Jones also addressed Ripple’s substantial ownership of XRP, which she anticipates may be incorporated into financial statements in the future as a result of modifications in accounting regulations.
Considering the prospective initial public offering (IPO) valuation of Ripple and the present market value of XRP, Jones has projected a total valuation of $115 billion. This suggests a potential return on investment of 15 times the current level.
If XRP were to reach its previous peak of $3.59 in 2017, the individual proposed that Ripple’s overall worth might potentially reach $150 billion, resulting in a twenty-fold surge from its present valuation on Linqto.
Jones also suggested the existence of important covert collaborations with major firms like Amazon and Apple, which, if proven, might further enhance Ripple’s position. Ripple’s need for secrecy regarding its customer agreements has enabled it to sustain a modest valuation.
According to recent reports, Ripple CEO Brad Garlinghouse is requesting US Vice President Kamala Harris to provide a clear explanation of her position on crypto regulation in light of ongoing discussions over the government’s policies on digital currency.
