EasyA Co-Founder Predicts When XRP Price Will Hit $1,000

Cryptocurrency proponent Crypto Eri recently shared a video featuring Dominic Kwok, co-founder of EasyA, where he projected a long-term valuation of $1,000 for XRP. In the video, Kwok described XRP as “a super important project” and emphasized its potential role within the decentralized finance (DeFi) ecosystem.

According to Kwok, neither XRP nor Stellar (XLM), which are both frequently linked to real-world financial integration through Ripple and Stellar Development Foundation initiatives, has yet experienced a DeFi expansion comparable to what Ethereum underwent during its growth trajectory.

Kwok noted that Ethereum’s DeFi breakout significantly contributed to its market capitalization rising into the hundreds of billions. He argued that XRP, and similarly Stellar, have not yet had that kind of transformative moment in the decentralized finance space.

As of his remarks, he referenced XRP’s market cap sitting around $150 billion, suggesting that once a DeFi use case takes off within the XRP Ledger, it could dramatically alter the asset’s valuation.

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DeFi as the Primary Catalyst

Kwok framed XRP’s future growth as contingent upon an eventual DeFi breakout, likening the potential impact to Ethereum’s earlier success in the sector. He maintained that XRP has so far been underutilized in decentralized finance, and this untapped potential could serve as a multiplier for its market cap.

In his assessment, the combination of XRP’s existing utility and a broader DeFi revolution built on its network could be the foundation for the projected $1,000 price target by the year 2030.

He also stressed the comparative underdevelopment of DeFi on both the XRP and Stellar blockchains, pointing out that their real-world financial integrations make them especially well-positioned to gain ground in this domain once the infrastructure matures and use cases become more widespread.

Reactions and Differing Viewpoints

Others, however, saw merit in the thesis, especially if XRP continues to progress in regulatory clarity, ecosystem development, and real-world utility. These viewpoints reflected ongoing deliberation within the community on whether XRP’s value proposition, especially when combined with a prospective DeFi expansion, can fulfill such high forecasts within the stated timeframe.

XRP’s Position Moving Forward

Kwok’s statement, as reported by Crypto Eri, adds another layer to the broader conversation surrounding XRP’s long-term potential. His view places significant emphasis on the future role of DeFi, which has been largely absent from the XRP ecosystem compared to Ethereum’s dominance in that area.

As institutional interest in blockchain technology continues to grow, the lack of a significant DeFi presence on the XRP Ledger is increasingly seen as both a limitation and an opportunity.

Disclaimer*: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.*