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The possibilities of an initial public offer (IPO) of undulation have become higher as time passes and the company advances towards a complete resolution of its SEC demand. With the expectations of increasing the IPO, the possible valuations have begun to fly since the company is one of the largest cryptocurrency companies. In particular, the lawyer and member of the Pro-XRP community, John Deaton, has proposed that Ripple’s OPI could take the company valued at more than $ 100 billion.
Deaton puts Ripple at $ 100 billion
The comment and assessment of the lawyer John Deaton comes after Circle, the company behind the USDC Stablecoin, successfully completed its initial public offer (IPO). Until now, the cryptographic firm has found a lot of success in the market, increasing from an initial assessment of $ 5 billion to more than $ 63 billion in valuation after the opi.
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Deaton responded to a publication about X (previously Twitter), highlighting this feat, pointing out how Ripple could be even more successful in this regard. He explains that despite the fact that Ripple’s CEO, Brad Garlinghouse, said the company was not in a hurry to make public, the OPI should be properly timed to have the right impact.
Pointing out the current market environment, he points out that if Circle can grow to an assessment of $ 63 billion, then it means that undulation can rise even more. Given XRP position in the market as the fourth largest cryptocurrency, before the USDC of Circle, which is in the seventh place, Deaton believes that Ripple’s assessment after the LUCO can increase to $ 100 billion. “If Circle can reach a 62b-75b market capitalization, then Ripple, with almost 40b XRP, currently valued at $ 2 (that is, $ 80b), it could certainly reach a $ 100B market capitalization in this environment,” Deaton wrote.
As Bitcoinist reported, Ripple had issued a bidding offer of $ 700 million with shares with a price of $ 175. This now places the company’s capital assessment at $ 25 billion with 141 million shares in circulation as investors look favorably at the cryptographic firm.
How high could the XRP price go?
Market experts have speculated that if Ripple’s IPO is done and the assessment is triggered, the XRP price will shoot together. The cryptographic inverter Dennis Liu shared a video that suggested that a successful opi would be positive for the XRP price. He points out that a symbiotic relationship of the XRP currency related to the wave stock would be the dream of investors.
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Other market experts have discussed that the XRP price would go to two digits to exceed $ 10 if this happens. In some cases, the XRP price has been seen as high as $ 100 if Ripple completes its opi and begins to operate as a company that quotes on the stock market.
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