Remember When XRP Was 10 Cents? This Trader Says Flare Could Be Next
Five years ago, a crypto trader named King Karan made a call that sounds almost ridiculous now: buy XRP at 10 cents. At the time, plenty of people shrugged it off. But looking back? Well, let’s just say those who listened probably aren’t complaining.
This week, Karan resurfaced that old prediction on X (formerly Twitter), tossing a bit of salt in the wound for anyone who ignored him. Back in 2020, XRP hovered around $0.10–$0.11 for months before inching upward. It never quite took off like some other cryptos, but it also never dipped back to that dime-level again. Missed opportunities sting, don’t they?
Now, Karan’s pointing to Flare as the next potential breakout. And he’s not just throwing darts. His argument hinges on Flare’s role as a data provider for blockchains—a niche that’s getting more attention as decentralized apps multiply.
Why Flare? The Data Angle
Flare’s network is built to feed real-world data to smart contracts, something a lot of blockchains struggle with. Its system, called the Flare Time Series Oracle (FTSO), pulls price info and other metrics from multiple sources, aiming to keep things accurate without relying on a single authority. It’s not the flashiest pitch, but in crypto, reliable data is quietly becoming a big deal.
Karan also hinted at a looming “supply shock” for Flare, suggesting that a chunk of tokens could get locked up soon. He didn’t elaborate, but if true, that kind of scarcity often sends prices upward. His bet? Flare could hit $1 eventually. From its current price of $0.025, that’s a moonshot—but then again, so was XRP at 10 cents.
The XRP Connection
Here’s where things get interesting. Flare isn’t just some random project; it’s tightly linked to XRP. The team has been working on ways to bring smart contracts to the XRP Ledger, which has always been more of a payments-focused system. One of their tools, Firelight, lets XRP holders “wrap” their tokens (turning them into FXRP) and stake them to earn rewards.
If this takes off, it could unlock a ton of idle XRP sitting in wallets—billions of dollars’ worth. And more activity usually means more eyes on the ecosystem. Whether that translates to a price surge for Flare is anyone’s guess, but the pieces are at least on the board.
Of course, crypto predictions are a dime a dozen (pun intended). For every call that pans out, there are a dozen that fizzle. But Karan’s track record with XRP buys him some credibility. Whether Flare follows suit? Well, we’ve seen crazier things happen.
