Crypto Analyst Touts Ripple To Be The Next Amazon And Facebook Despite XRP’s Poor Performance

A crypto analyst has predicted that the cryptocurrency payment company, Ripple it could be the next high-value company, like Amazon and Facebook. This prediction comes as XRP sees poor performance amid market volatility and Ripple’s ongoing court battle and the United States Securities and Exchange Commission (SEC).

Analyst Predicts Ripple Emerges as a Billion Dollar Startup

The host of the AllinCrypto YouTube channel has released new video, emphasizing Ripple’s vision for the future and its potential to become a multi-billion dollar company. The analyst expressed confidence that the United States would take Ripple as “unicorn companies” such as e-commerce and tech giants such as Amazon, Apple, Facebook and Microsoft.

The analyst also revealed that Ripple is on the same path of growth as these leading companies have contributed to the growth of the US economy. He based his predictions on stablecoin crypto payment systems, highlighting how US Treasury members acknowledge the importance of stablecoins in the national economy.

In a YouTube video, a crypto analyst shared a recent Wall Street Journal news article that emphasizes how cryptocurrency can block power debt crisis in the US. He disclosed that the treasury members are discussing ways stablecoins could help the US maintain its global hegemony, highlighting the potential of these digital assets to solve “the massive debt burden the US currently has.”

Earlier in April, Ripple announced its aims to launch a USD-pegged stablecoin, competing with established stablecoin giants such as Tether (USDT) and Circle (USDC). This development is in line with the crypto payments company plans to expand its digital payments footprint while also strengthening its position in the US financial market.

With growth With a market capitalization of more than 29 billion as of June 4, Ripple is far behind tech giants such as Amazon and Facebook, both of which have a market capitalization of more than $1 trillion. A crypto payments company will have to achieve the same market valuation and widespread adoption as these tech giants before it can achieve “unicorn company” status.

Right now, Ripple is doing everything it can expanding its operations and services around the world despite the decline in performance of XRP, the traditional token of the XRP Ledger (XRPL). Additionally, its ongoing legal battle with the US SEC and the lack of regulatory clarity in digital assets in the US may hamper the growth rate of the crypto payments company.

XRP Lackluster Performance

Given poor performance of XRP in the cryptocurrency market, a crypto analyst’s prediction of Ripple becoming a single company may seem ambitious. XRP has been rallying around the $0.5 price range for years, proving a steep decline even during favorable market conditions.

The standing value of cryptocurrency is profound frustrated long-term XRP investors and members of the community, causing some to sell their large property. As written, i The highest value of XRP is $0.49, representing a 1.52% decrease in the last 24 hours and a 9.36% decrease in the last month, according to CoinMarketCap.

The featured image was created with Dall.E, a chart from Tradingview.com