The content discusses a prediction made by a Wells Fargo Treasury manager regarding the price of XRP (a cryptocurrency). The manager emphasizes that traditional methods of predicting price are not suitable for XRP because it is not classified as a security. Instead, the manager relies on Liquidity Strength (LS) as a metric for predicting the future price of XRP. LS measures how easily an asset can be bought or sold in the market without significantly affecting its price. The manager also considers the total supply of XRP and assumes that Ripple has released all their XRP from escrow. The prediction suggests that if the token’s supply is 50 billion XRP, a token price of $100 would result in an LS of $5 trillion, while a price of $500 would yield an LS of $25 trillion. The manager believes that such value ensures sufficient market liquidity without the need for any single entity to hold XRP for daily operations.
AI Sentiment: Positive
