Pro-XRP Wall Street financial analyst recently shared her thoughts on a potential (IPO). Specifically, she on her belief that the crypto firm was currently undervalued and how the company’s stocks could still rise before it went public.
Why Ripple’s Stock Could Be Worth 20 Times Its Current Price
Linda Jones used as a mirror to explain why Ripple’s stock could be worth 20 times its current valuation. She noted that Coinbase was valued at $86 billion when it initially went public, and its stocks traded for as high as $429 during that period. If Ripple were to follow a similar path, then its stock price would be worth more than the $35, which it is currently valued at by private equity platform Linqto, Jones claimed.
Interestingly, the analyst factored in while trying to estimate how much the crypto firm could eventually be valued. According to her, Ripple could be valued as high as $107 billion if those escrowed funds (said to be worth $21 billion) are added to the $86 billion (if Ripple were to be valued similarly to Coinbase).
Going by Jones’ analysis, having a valuation of $107 billion means that the company’s stocks could trade at $600 on the first day of . The analyst then went on to lay out a possible scenario where Ripple is valued at more than $107 billion, the amount under consideration.
XRP price at $0.5 | Source:
How Ripple Could End Up Being Worth Half A Trillion
Linda Jones also mentioned that Ripple could end up being worth half a trillion if the were to end soon and XRP rises back to its all-time high (ATH). If the latter happens, will be worth around $150 billion. That could ultimately increase Ripple’s value to about $500 billion, the analyst claims.
Jones believes that Ripple being valued at $500 billion isn’t farfetched, considering that there are companies that are already valued at up to a trillion. She Ripple to the likes of Apple, Microsoft, and Nvidia, suggesting that the crypto firm could match up to these blue chip companies.
The financial analyst’s is why she boldly claims that purchasing Ripple’s stock now is a great investment, as it will only go “up” from here. She also predicts that there could be a new record for a company at its valuation, and Ripple could be that company.