A post from one of Twitter’s most popular crypto analysts is going viral.
The Crypto Dog told his 122,000 followers the next crypto bull run could bring the price of XRP to $300 in a matter of months, alluding to the adoption of Ripple’s XRP-based payment solution xRapid.
— The Crypto Dog📈 (@TheCryptoDog) April 9, 2019
A rise to $300 would be an 84,000% increase for XRP, and with the coin’s current circulating supply, would place XRP’s market cap at about $12.5 trillion. Right now, the market cap of all cryptocurrencies combined is $182.8 billion, according to CoinMarketCap.
As the tweet spread like wildfire, The Crypto Dog quickly posted a follow up saying, “In another corner of Twitter not too far from here this very same tweet is circulating, except the likes aren’t ironic.”
He also retweeted a fellow analyst who noted the prediction is meant to be a joke.
Dog is only kidding but we all know the potential price of Bitcoin at the top of next cycle peak
Censorship Resistant, Borderless, Decentralized, Trustless, Deflationary, Peer to Peer… https://t.co/pkwn4f21A2
— Josh Rager 📈 (@Josh_Rager) April 9, 2019
XRP was a leading performer in the 2017 bull run, and surged from a price of $0.005415 on March 1, 2017 to its height of $3.73 on January 4, 2018 – a 68,782% increase. After the bear market took over in early 2018, XRP then dropped 93%, landing at a low of $0.25668 on September 12, 2018.
Right now, the crypto market is mostly in the green, with Bitcoin up 0.48% at $5,269. Ethereum is up 1.4% at $179.45, and XRP is up 0.66% at $0.3563.
In the short term, technical analysts are looking bullish on Bitcoin, Ethereum and XRP, with less optimism for Litecoin.
CoinGape – ETH/USD technical levels remain positive
Blockonomi – Price on the rise as bulls eyeing upside break
Coinspeaker – Consolidation is ongoing in the XRP market
Blockonomi – Next move higher is now underway