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Crypto expert Pumpius has asserted that XRP transcends merely payments and that those who view it as solely that are unaware of what lies ahead. He then emphasized the “framework of a multi-trillion dollar enhancement,” explaining his belief that the altcoin could attain $10,000.
Reasons XRP May Achieve $10,000 As Its Utility Grows Beyond Payments
In an X post, Pumpius conveyed that the globe is transitioning to digital identity and suggested that XRP could significantly contribute to this advancement. He detailed that governments, financial institutions, and large technology firms acknowledge the necessity for everyone to have this digital identity for transactions in the upcoming system. The crypto expert further noted that this identity extends beyond a passport or driver’s license; the ultimate identification will be biological attributes.
Pumpius asserted that biometric identity and general data are being positioned as the next “trust layer” in finance. He stated that they are unique, permanent, and hard to replicate, rendering them ideal keys for digital transactions. The crypto expert then proceeded to advocate for XRP, highlighting that the XRP Ledger possesses the infrastructure to support this evolution.
He then underscored the DNA protocol, which is actively working on this advancement on the XRP Ledger. Accordingly, Pumpius proclaimed that this is not just a theoretical notion but a tangible initiative that could enhance XRP’s utility. The analyst forecasts that over $100 trillion in tokenized real-world assets are forthcoming, and if biometrics and DNA become the standard KYC, XRP and its native DEX might evolve into the universal settlement platform.
Pumpius anticipates trillions flowing into XRP when that moment arises. He mentioned that liquidity requirements at such a scale mathematically disrupt current pricing models. The analyst asserted that XRP, serving as the bridge asset, will not only reach $10 but could advance into five figures and eventually hit $10,000.
Analyst Cautions That XRP Cannot Achieve That Level
In an X post, crypto analyst Jaydee cautioned that XRP cannot achieve $10,000. He additionally alerted the community regarding influencers who forecast that the altcoin will reach this mark, asserting that they are not trustworthy. Jaydee remarked that these influencers are misleading investors while authentic analysts secure retirement profits in months instead of waiting for a price point that is unlikely to materialize.
The crypto analyst is also convinced that XRP cannot attain $1,000. He indicated that those who are also anticipating the altcoin to reach this price level due to Ripple applying for a national banking license will also face significant losses.
At the time of this writing, the XRP price hovers around $2.92, having decreased by over 2% in the past 24 hours, based on data from CoinMarketCap.
Featured image from iStock, chart from Tradingview.com
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