Financial analyst and crypto commentator, Levi Rietveld, recently speculated that XRP has the potential to skyrocket overnight. The analyst said that this could happen if XRP leverages its potential role within SWIFT’s massive, world-spanning payment network.
XRP Could Blow Up With Only 5% Of SWIFT’s Market
XRP is the native cryptocurrency of a payment network RippleNet, created by the company called Ripple. It is also the seventh-largest cryptocurrency by market cap, with its price sitting at $0.534 as of October 10.
However, with SWIFT handling trillions of dollars in daily transactions, Rietveld said that even a small percentage of this volume shifting to XRP could cause a massive price surge for the coin.
https://x.com/LeviRietveld/status/1844137577932259399
Based on a paper from 2017, Rietveld said that SWIFT manages around $5 trillion per day, or around $1.25 quadrillion per year. Nowadays, he speculated that the figure is likely at $7 trillion daily and $1.8 quadrillion per year, based on 250 business days.
Meanwhile, the SWIFT network charges massive fees that end up being as high as $1,000 for some of the largest transactions. In this context, XRP is by far a superior alternative, which offers instant, cheaper, more reliable transactions.
He said that if XRP captures only 5% of SWIFT’s market share, it could end up sending $350 billion every day. With its current daily volume being only around $1 billion, this would massively increase demand, and therefore the coin’s value, leading up to $60 per coin.
Of course, this is only speculation for now, based on a purely theoretical what-if scenario. Those who seek to secure more stable profits from the crypto industry are better off going after safer activities, such as staking. In fact, a new meme coin project that aims to revolutionize staking, known as Crypto All-Stars, is selling its native crypto in a presale right now.
BUY STARS EARLY AND START STAKING MAJOR MEME COINS
How Can Crypto All-Stars Revolutionize Staking?
Crypto All-Stars is a meme coin that captured the attention of the market as soon as its ICO went live thanks to its unique new product known as MemeVault. This is a new type of staking smart contract that differs from others by allowing users to stake more than one cryptocurrency.
With other staking projects, they only let the user stake the project’s native cryptocurrency. So, if you hold multiple coins and tokens, you must stake them in different smart contracts. MemeVault, on the other hand, was built to allow users to stake any of the major meme coins, all in one place.
The meme coins supported right now include Pepe, Dogecoin, Shiba Inu, Floki, Based Brett, Mog Coin, Milady, Turbo, Toshi The Cat, Coq Inu, and Bonk, with the promise of more coins being added in the future. All that is required is to invest in some of the project’s native STARS tokens, which will open the doors to staking all of the mentioned meme coins.
JOIN THE STARS ICO BEFORE THE NEXT PRICE SURGE
STARS itself is currently in presale, selling for only $0.0014947 apiece, and the ICO already raised over $2.16 million, with more money flowing in every day. Once it goes live, the token could even see a significant price surge due to demand. Those who wish to invest in STARS can buy some right now with ETH, USDT, BNB, DOGE, FLOKI, PEPE, SHIB, or credit/debit cards.
Just don’t wait too long, as STARS still sees regular price boosts as its ICO goes through different stages. The next increase is coming in under three days, but that still leaves you with enough time to check out the project and invest if you decide to support it.
