While Bitcoin (BTC) and altcoins are experiencing surges, a major historical moment has occurred in the US. Spot XRP ETFs have finally begun trading.
At this point, the first ETF to start trading, the Canary XRP ETF, recorded a net cash inflow of approximately $245 million.
The Canary XRP ETF recorded the largest first-day trading volume of the year among all ETFs, surpassing Bitwise BSOL, which recorded approximately $57 million in trading volume on its first day of launch.
Speaking after this important development, Canary Capital CEO Steven McClurg made important statements about XRP and its price prediction.
McClurg first stated that XRP is not like Bitcoin or Ethereum, and that the XRP Ledger is a payment-focused network designed as a financial channel for fast and low-cost value transfer.
He spoke clearly about the price estimate!
When asked about predictions circulating in the market that XRP will reach $1,000 or even $10,000, McClurg said that these predictions are too high.
McClurg stated that even if XRP reached Bitcoin’s current market capitalization of around $2 trillion, the XRP price would reach $35, adding that such a move would require massive global adoption, which seems unlikely for now.
However, he was clear that the $10 predictions for XRP could be realistic.
“Given XRP’s current ecosystem and its role in global payments, I think $10 is realistic.
This is something that can be achieved in the next three to four years.”
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/uss-first-xrp-etf-breaks-record-but-price-crashes-famous-ceo-talks-about-xrp-price-gives-date/
