Claim $500XRP Fair Market Value Stands Between $3.5k To $22K: Report
XRP News: The legal tussle between the U.S. Securities and Exchange Commission (SEC) and Ripple has hindered the XRP price growth over time. The recent developments in the Ripple lawsuit may have led XRP to print green indexes in the last 90 days but experts believe that the fair market valuation of the token is still quite low.
Will XRP Price Surge After US SEC Lawsuit Ends?
Research done by Jimmy Vallee and Molly Elmore of Valhil Capital concluded the fair market value of XRP after facing a two year long running U.S. SEC lawsuit. The report suggested that XRP’s fair value ranges from $3.5K to a whopping $22K.
It mentioned that in order to check the harm caused due to the U.S. SEC lawsuit on XRP price, they invited a large group of people to form a confidential committee. The team members were well experienced in quantitative and financial valuations.
The confidential committee built six different valuation models in the process. The research is based on 99-Year Golden Eagle Model, Discounted Cash Flow Model, Pipeline Flow Model, Athey and Mitchnick Model, Collateralization Model and Quantum Liquidity Model.
The variables considered during the research are Global transaction volume, discount rate, daily transaction value, tokens circulation, projected economic growth and more.
XRP Price Up By 42% In 90 Days
Keeping six quantitive models together suggested median fair market value per XRP is around $12,822. At the same time, the mean value came out to be $61, 231 per XRP. However, the research concluded that the current XRP fair market value ranges from $3.5K to $22k.
However, XRP is trading at an average price of $0.52, at the press time. XRP price surged by a whopping 42% in the last 90 days. Ripple’s native crypto is the biggest gainer outperforming Bitcoin (BTC) and Ethereum (ETH) among the top 10 cryptos over this period.
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