@bridgerleelogan, only time will tell. Ripple could lose the case, closing XRP out of the US markets, I could see Ripple going so far as to start looking for inroads into China, while they continue to strengthen their ASEAN/UAE/EU connections. There's only a handful of ISO 20022 approved tokens, (less than 10) and with just 10% of the Remit market volume/demand, XRP would be pushed up to low 3 digits from that alone. But would be nothing compared to what it can be if Ripple wins this lawsuit, resulting in XRP being a sort of Standard model for US/western blockchain platform companies/tokens.
bridgerleelogan
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@Jayed, These are very good points. ok hear me out... let's say the stars align and Ripple labs wins/resolves with the sec. What would be a new all time high price? Would a $200 ripple be possible before 2024? I have heard Valhil capital executives saying 10k-35k but that seems nuts.
Jayed
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@bridgerleelogan, I think 10k-35k price is what would be considered "fair value" for when XRP becomes ubiquitous. It's also based upon a suggestion that, if the US bought up enough XRP to 'secure' it's price at 35k, then the US could refinance it's debt & stablize/back the dollar in XRP. Now if you actually look at this from a global perspective (instead of just US centric) 35k actually becomes a drop in the bucket, if other nations follow suit & begin hording XRP, as opposed to simply just using it for remittances.
Remittances is simply the use case, which Ripple, R3 & SBI have decided XRP is best suited to solve, in order to get XRP on nation's balance sheets in the first place. Once it's on a gov's balance sheets, game theory takes over & that gov will transition from their ineffective/costly currencies to XRP backed CBDCs. That said, even if things play out that way, it's more likely to happen by 2034 than 2024! haha