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Lark Davis Says $100 Per XRP Would Mean an $8 Trillion Market Cap

Using a $1.16 price and $73.84 billion market cap, the implied value is about $6.35 trillion, below Davis’ estimate.

By Enna Lee
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A silver token rests beside a towering black monolith / TokenPost.ai
A silver token rests beside a towering black monolith / TokenPost.ai

Bitcoin (BTC) investor Lark Davis said Nov. 7 that XRP would not reach $100 per token, a price he said would imply an $8 trillion market capitalization.

“XRP is not going to $100, man. That’s an $8 trillion market cap,” Davis said.

Using a $1.16 XRP price and a $73.84 billion market capitalization, a $100 price works out to about $6.35 trillion. That would be an increase of more than 8,500% from $1.16 and about 2.5 times the $2.54 trillion value of the global cryptocurrency market.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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