Ripple XRP Price If Ethereum Hits $50,000

The market dynamics have been changing over the last couple of days. Several assets were seen drowning in volatile waters. Ripple’s XRP was seen struggling to maintain itself above the $0.60 level. At press time, the asset was trading at $0.5968 following no major spikes over the past 24 hours. XRP saw one of the weakest rallies all year as it surged by only 10.79% in the past 12 months.

Ethereum (ETH) recorded a similar fate. The asset was trading at $2,585.89 with only a 54% rise over the year. While several assets created new peaks, ETH struggled and failed to reclaim its all-time high of $4,891. At present, ETH is trading 47% below its current level. But several investors along with VanEck believe that Ethereum will surge to a high of $50,000. This prediction was asset management firm last year after a thorough analysis of the asset. VanEck anticipates that this forecast will come true by 2030.

For Ethereum to reach the $50,000 level, it must increase by 1,590%. The market capitalization of the altcoin, at $355 billion, would increase to nearly $6 trillion at a $50,000 price. If it were to exactly mimic Ethereum’s 16X rise to $50,000, it might be worth $7.1.

Also Read: Ripple: What Will XRP’s Price Be If Bitcoin Hits $300,000?

Is $7.1 An Unrealistic Bet For XRP?

XRP would reach an unparalleled historical high of $7.11 along with ETH. By then, XRP might have a fully diluted market cap of $717 billion, which would be a big increase from $312 billion. It’s interesting to note that Changelly’s analysts predict Ethereum will reach $50,000 by 2030, which coincides with XRP reaching the $7 price range. Nonetheless, some aspirational members of the XRP community think $7 is a reasonable objective for this bull market.

Also Read: Ripple: Will XRP Hit $25 By 2025?