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The largest cryptocurrency by market capitalization and the most recognizable across the realm – BTC – has also gathered much of the attention. Numerous experts have opined over the past several months that the prolonged bear market that has pushed its price south is near its end, predicting a new bull run for the asset.
The $500 mark might sound like a mirage, but XRP could head north soon based on the upcoming XRPL upgrade. David Schwartz – the CTO of Ripple – expressed his excitement about the development, arguing it could lead to a price expansion for the asset.
The social media commentator, who goes by the X handle BitQuant, believes the 2024 halving will play a vital role in BTC’s price increase, leading it to a new ATH of approximately $250,000 next year.
In the following, we will take a closer look at whether they are poised for a possible price expansion, as well as the most recent predictions from experts or analysts.
It is safe to assume that it would be a huge surprise if this milestone were achieved, considering the previous and current figures in the digital asset industry. If Ripple’s price indeed shoots to $500, it would put its market capitalization above $260 trillion.
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