Prominent cryptocurrency analyst EGRAG has made an interesting comparison between selling XRP today and parting ways with stocks from tech giants Apple, Amazon, Google, and Tesla in their early days. While XRP has not seen impressive price surges in the current bull market, it often gets overshadowed by other cryptocurrencies during price corrections.
This underwhelming performance has left XRP holders frustrated, considering its potential as a cryptocurrency for international settlement. However, influential figures in the crypto community have consistently provided reasons for optimism despite its lackluster performance.
In a recent update, EGRAG urged XRP investors to reflect on the historical growth patterns of Apple, Amazon, Google, and Tesla stocks. These companies’ stocks had modest valuations a decade ago, similar to XRP’s current price of around $0.5.
EGRAG specifically highlighted the case of individuals who sold Apple stock at $0.5 in 1989. Today, Apple stock is worth $189.98, representing a staggering growth of over 37,500% in 35 years.
According to prediction platforms like Telegaon, XRP could potentially reach a maximum price of $105.27 by 2050, 26 years from now.
EGRAG’s analysis also pointed out that Google’s stock, once priced at $11 in 2006, has grown to $176.33 by 2024. Similarly, Tesla’s stock, which was priced at $2.5 thirteen years ago, has consistently risen to its current price of $179.24.
The analyst encouraged XRP investors to consider the potential regret of selling these stocks prematurely, as they later became highly valuable investments. EGRAG envisions a future where XRP could follow a similar trajectory and potentially reach much higher valuations than its current price of $0.5.
EGRAG has made various predictions about XRP’s future, suggesting that it could reach $90 in the coming years. The analyst has also set a nearer-term target of $27 for XRP during the current bull market.
Furthermore, EGRAG’s perspective on XRP’s potential to match or surpass the value of FAANG company stocks is shared by others, including renowned author Panos Mekras, who expressed a similar sentiment.
It is important to note that this content is informational and should not be considered financial advice. The views expressed in this article are the author’s personal opinions and do not reflect the opinion of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions, and The Crypto Basic is not responsible for any financial losses incurred.