World financial institutions, including JP Morgan and BlackRock, in advance determined the price of XRP, says General Director of Black Swan Capitalist.
PR, Versan Alejarrah, if XRP is on mass use, the cost of altcoin will reach a hundred or thousand dollars.
Conspiracy theory about the price of XRP
Aldjarrah claims that the price of XRP is not formed in the open market, as many private investors expect. According to him, this can be compared with the stage before the primary public placement of shares (IPO), when hedge funds, banks and financial institutions agree on the value of the asset before its access to the exchange.
The Black Swan Capitalist CEO believes that JP Morgan, BlackRock, the Bank for International Settlements (BMR) and the World Monetary Fund (IMF) participated in this. However, he has no specific evidence.
In his opinion, global institutions agreed to use XRP in advance as a bridge currency for cross -border payments. Ripple – the company standing behind Altcoin – has already introduced its technologies into central banks around the world, including both large economies and small countries.
Alejarrah’s gaze has a concept with the concept of stakeholderism, promoted by the World Economic Forum (VEF). In the framework of this concept, key financial institutions and central banks determine the vector of the development of the global economy.
CEO Black Swan Capitalist states that the price of XRP was “recorded” during closed agreements before the token became available to the general public. It predicts that the cost of XRP can reach three- or even four-digit values, significantly exceeding the current level of $ 2.08.
Some in the crypto community support such a theory. However, others believe that if institutional players knew about the “preinstalled” price, they could place low orders for the purchase in order to accumulate more tokens due to retail investors.
Peter Brandt predicts the fall of XRP to $ 1
In the meantime, some analysts adhere to a different point of view. The famous trader Peter Brandt believes that in the near future the price of XRP can decrease to $ 1. This is significantly lower than the forecasts of Aldzharrah.
Capitalization of the XRP is now estimated at $ 120 billion. At the same time, the daily volume of trading on decentralized exchanges (DEX) XRP Ledger is less than $ 50 thousand.
The Ripple blockchain has fewer NODs and validators than in other large networks. It creates a serious gap between how much XRP costs on the market, and how actively it is really used. Therefore, some participants in the XRP crypto community consider “the largest financial fraud in history”.
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Source: Cryptocurrency
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