Here’s What 5,000 XRP Could Be Worth If Global Crypto Market Cap Reaches $100 Trillion

How much would the worth of 5,000 XRP tokens grow to if XRP maintains its dominance and the global crypto market cap hits $100 trillion?

The global crypto market has continued to grow since Bitcoin (BTC), the original cryptocurrency, debuted in 2009. What started as a small movement has ballooned into a multi-trillion-dollar market, and most industry experts believe it is still in its infancy.

Growth of the Crypto Market

Over the past decade alone, the broader crypto market has added trillions. Specifically, data from TradingView indicates that at the start of December 2015, the global crypto market had a valuation of just $5.66 billion, with Bitcoin accounting for up to 99% of this figure

Today, the global crypto market cap stands at $2.85 trillion. Despite the recent struggles, which have triggered a 28% decline over the past two months, the current figure represents an impressive increase from a decade ago. However, today, Bitcoin’s dominance in the market has dropped to 59%, down from the 99% recorded a decade ago.

This is largely due to the rise of altcoins such as Ethereum (ETH) and XRP, which have taken up a large chunk of the global crypto market. As a result, if these altcoins maintain their market share when some of the lofty projections for the market play out, their prices could spike considerably.

Global Crypto Market Could Hit $100T

Interestingly, Strategy Chairman Michael Saylor appears to be more bullish than most. Specifically, while speaking with CNBC’s Squawk Box in November 2021, Saylor projected that Bitcoin could balloon into a $100 trillion asset, potentially surpassing gold. However, the most popular prediction from other experts is that this could be the value of the entire crypto market.

XRP Price if Global Crypto Market Cap Hits $100T

If the global crypto market does hit $100 trillion, XRP could benefit immensely if it maintains its current market share. Notably, XRP currently has a market dominance of 4.223%, as its market cap sits at $120.34 billion. This dominance is a massive drop from the 31% peak market share XRP had in May 2017.

Nonetheless, despite the lower dominance rate today, XRP still trades far higher than its May 2017 price due to the higher global crypto market cap. In addition, if the broader crypto market cap soared further to the $100 trillion level and XRP held its 4.223% dominance, XRP’s market cap would surge to $4.233 trillion.

Given the circulating supply of 60.25 billion, a market cap of $4.233 trillion for XRP would imply a price of $70 per token. Such a valuation represents a 3,400% increase from the current price of $2

Worth of 5,000 XRP Tokens

Notably, this would have far-reaching effects on investor holdings, especially retail. Data from the XRP Rich List shows that there are 596,263 wallets holding between 1,000 and 5,000 XRP tokens. Today, the 5,000 XRP is currently worth $10,000. If XRP ever soared to a price of $70 per token, these 5,000 XRP tokens would grow to $350,000, representing profits of around $340,000.