What is a reasonable valuation for XRP?

[Guest]

A number of people have tried to arrive at some sort of value range for XRP...  what is the most reasonable?

[Guest]

Here’s one from Ripple staff....

https://s3-us-west-1.amazonaws.com/fundamental-valuation-framework-for-cryptoassets/A+Fundamental+Valuation+Framework+for+Cryptoassets_June+2018.pdf

Quote

XRP:
High Estimates:
𝑃 = (𝑌t+I)(1+𝑖)−𝑇
 𝐻
𝑃 = 1.0($0.56𝑡𝑛 ∗ 10 + $3.2𝑡𝑛) (1.085)−12
𝐻
𝑃 = $32.91 𝐻
Low Estimates:
𝑃 = (𝑌t+I)(1+𝑖)−𝑇
 𝑁+𝛾
 3.92 ∗ 1010 + 6.08 ∗ 1010
 𝐿
𝑃 =1.0($0.19𝑡𝑛∗0.5+$1.6𝑡𝑛)(1.085)−12
𝐿
𝑃 =$6.37