Lennard Neo Picolo Research Says XRP Coin’s Intrinsic Value Is $1.75 Dollars

According to a report on XRP conducted by Lennard Neo Picolo Research, the intrinsic value of the XRP token should be $1.75 dollars. He has also made a summary of the third quarter experienced by this virtual currency. The report has also made a comparison between XRP, Swift and PayPal and it has also included other blockchain projects such as Stellar or OmiseGO.

Swift and PayPal are Ripple’s competitors in the traditional payment industry. OmiseGO and Stellar are also important competitors in the blockchain and cryptocurrency markets. These companies offer different payment services all over the world.

However, Ripple’s services have proven to be faster and more efficient than others such as Swift or PayPal. For example, the settlement time of Ripple takes seconds but it takes hours or even days for the Swift system. The fees are also a key factor comparing these two networks. Ripple’s fees are close to $0.0004 cents, while SWIFT transactions are always higher than $2.5 dollars.

Nevertheless, Ripple will have to increase the number of institutions that are using its system, since SWIFT has more than 11,000 financial companies working with its platform. Ripple has more than 100 firms using its services, but it’s still far from being ideal.

According to Picolo Research, it is not good for Ripple and XRP to be considered the same thing.

On the matter, the research says:

“Concerns of XRP being centralized as Ripple owns 60% of total tokens Lack of clarity on the classification of XRP being security or not Ripple’s ongoing lawsuits could create headwinds.”

And this is very serious. The U.S. Securities and Exchange Commission (SEC) did not express itself on whether XRP is considered a security or not. If it is finally considered one, securities laws will apply to the company behind XRP.

At the end of the analysis, the document explains that XRP’s intrinsic value should be $1.75 dollars. They mention that these estimates used are conservative and do not include tokens burnt. Additionally, the report explains that XRP will continue as one of the most important virtual currencies in the market if it continues its expansion in the financial industry.

At the time of writing, XRP is being traded close to $0.46 dollars and it has a market capitalization of $18.44 billion dollars. In order to reach $1,75 dollars, XRP would have to grow 280%.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide