{"id":238955,"date":"2024-01-31T16:43:08","date_gmt":"2024-01-31T11:13:08","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=238955"},"modified":"2024-01-31T16:43:08","modified_gmt":"2024-01-31T11:13:08","slug":"wall-street-veteran-explains-why-shares-could-surge-2000-before-public-listing-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/wall-street-veteran-explains-why-shares-could-surge-2000-before-public-listing-crypto-news\/","title":{"rendered":"Wall Street Veteran Explains Why Shares Could Surge 2000% Before Public Listing &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400\">Pro-XRP Wall Street financial analyst <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitcoinist.com\/xrp-is-the-coin-to-hold\/\"><span style=\"font-weight: 400\">Linda Jones<\/span><\/a><span style=\"font-weight: 400\"> recently shared her thoughts on a potential <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitcoinist.com\/xrp-ripple-ipo-in-2024\/\"><span style=\"font-weight: 400\">Ripple Initial Public Offering<\/span><\/a><span style=\"font-weight: 400\"> (IPO). Specifically, she <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DigPerspectives\/status\/1663967273303027712\"><span style=\"font-weight: 400\">elaborated<\/span><\/a><span style=\"font-weight: 400\"> on her belief that the crypto firm was currently undervalued and how the company\u2019s stocks could still rise before it went public.\u00a0<\/span><\/p>\n<h2>Why Ripple\u2019s Stock Could Be Worth 20 Times Its Current Price<\/h2>\n<p><span style=\"font-weight: 400\">Linda Jones used <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitcoinist.com\/coinbase-to-direct-list-on-the-nasdaq-on-april-14th\/\"><span style=\"font-weight: 400\">Coinbase\u2019s IPO<\/span><\/a><span style=\"font-weight: 400\"> as a mirror to explain why Ripple\u2019s 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.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Interestingly, the analyst factored in <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitcoinist.com\/ripple-reveals-potential-end-date-for-xrp-unlocks-but-theres-a-problem\/\"><span style=\"font-weight: 400\">Ripple\u2019s escrowed XRP holdings<\/span><\/a><span style=\"font-weight: 400\"> 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).<\/span><\/p>\n<p><span style=\"font-weight: 400\">Going by Jones\u2019 analysis, <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitcoinist.com\/bank-of-america-praises-ripple-for-impact\/\"><span style=\"font-weight: 400\">Ripple<\/span><\/a><span style=\"font-weight: 400\"> having a valuation of $107 billion means that the company\u2019s stocks could trade at $600 on the first day of <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitcoinist.com\/ripple-ipo-crypto-giant-public\/\"><span style=\"font-weight: 400\">being publicly listed<\/span><\/a><span style=\"font-weight: 400\">. The analyst then went on to lay out a possible scenario where Ripple is valued at more than $107 billion, the amount under consideration.\u00a0<\/span><\/p>\n<\/p>\n<pre style=\"text-align: center\">XRP price at $0.5 | Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/Tradingview.com\">XRPUSD On Tradingview.com<\/a><\/pre>\n<h2>How Ripple Could End Up Being Worth Half A Trillion<span style=\"font-weight: 400\">\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Linda Jones also mentioned that Ripple could end up being worth half a trillion if the <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitcoinist.com\/ripple-sec-proposed-schedule\/\"><span style=\"font-weight: 400\">SEC\u2019s case against Ripple<\/span><\/a><span style=\"font-weight: 400\"> were to end soon and XRP rises back to its all-time high (ATH). If the latter happens, <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitcoinist.com\/ripple-cto-burn-xrp-holdings\/\"><span style=\"font-weight: 400\">Ripple\u2019s escrowed XRP holdings<\/span><\/a><span style=\"font-weight: 400\"> will be worth around $150 billion. That could ultimately increase Ripple\u2019s value to about $500 billion, the analyst claims.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Jones believes that Ripple being valued at $500 billion <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitcoinist.com\/wall-street-veteran-says-ripple-ipo-is-coming\/\"><span style=\"font-weight: 400\">during the IPO<\/span><\/a><span style=\"font-weight: 400\"> isn\u2019t farfetched, considering that there are companies that are already valued at up to a trillion. She <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitcoinist.com\/xrp-is-the-coin-to-hold\/\"><span style=\"font-weight: 400\">further compared<\/span><\/a><span style=\"font-weight: 400\"> Ripple to the likes of Apple, Microsoft, and Nvidia, suggesting that the crypto firm could match up to these blue chip companies.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The financial analyst\u2019s <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitcoinist.com\/wall-street-financial-veteran-reveals-massive-potential-behind-xrp\/\"><span style=\"font-weight: 400\">belief in Ripple\u2019s potential<\/span><\/a><span style=\"font-weight: 400\"> is why she boldly claims that purchasing Ripple\u2019s stock now is a great investment, as it will only go \u201cup\u201d from here. She also predicts that there could be a new record for a company at its valuation, and Ripple could be that company.\u00a0<\/span><\/p>\n<p>Chart from Tradingview.com<\/p>\n<p>Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pro-XRP Wall Street financial analyst Linda Jones recently shared her thoughts on a potential Ripple Initial Public Offering (IPO). Specifically, she elaborated on her belief that the crypto firm was currently undervalued and how the company\u2019s stocks could still rise before it went public.\u00a0 Why Ripple\u2019s Stock Could Be Worth 20 Times Its Current Price [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":238956,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-238955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/238955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=238955"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/238955\/revisions"}],"predecessor-version":[{"id":238958,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/238955\/revisions\/238958"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/238956"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=238955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=238955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=238955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}