Ripple native cryptocurrency XRP is currently hovering around the $0.54 mark on Tuesday and has performed fairly well this quarter. It’s up nearly 11% in 30 days and remains on the greener side of the spectrum in July. Investors have made decent returns in 30 days after a long time as the leading altcoin was only heading south.
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A machine-learning artificial intelligence (AI) algorithm has provided a new and revised price prediction for Ripple’s native cryptocurrency XRP. The AI forecasts that XRP could climb above the $6 mark surging close to 1,100% from its current price of $0.54.
Ripple: AI Predicts XRP Price to Climb Above the $6 Mark: Timeline Revealed
CoinCodex, a machine-learning algorithm has forecasted that Ripple’s XRP could reach $6.39 in 2049. According to the price prediction, it could take another 25 years for XRP to rise 1,100%. That’s considered a long-term investment holding and is two and a half decades away.
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“The highest expected price our algorithm estimates is $6.39 by January 1, 2049,” read the prediction. Therefore, an investment of $1,000 could turn into $12,000 in 2049 if the prediction turns out to be accurate. The prediction has poured cold water on talks of Ripple’s XRP delivering millions of dollars worth of returns.
While a profit is still a profit, the scale of the price surge is meager considering the time gap. In 25 years, $12,000 could be worth nothing considering rising inflation across the globe. This puts investments in XRP into question as it might not deliver the desired high returns even after two and a half decades.
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Other financial assets could deliver better returns than Ripple’s XRP, the update from the AI forecast suggests. Cryptocurrencies like Bitcoin and Ethereum might generate more returns and could change the fortunes of investors 25 years later.