XRP faces different investment environment and limited growth potential
XRP Bitwise XRP ETF
$16.80 +2.19%
View chart & analysis → - 1Early buyers turned a $1,000 investment into approximately $347,000 between early 2017 and early 2018.
- 2For the XRP price to rise from the current $1.50 to $520.50, the market capitalization would need to reach $32.8 trillion.
- 3Alex Kachidi previously held XRP and still holds XRP ETFs, but is no longer making additional purchases.
So what's the key point?
While large returns were possible with small amounts of money in the past, it is now very difficult for the price to rise. Because the market capitalization would need to grow to $32.8 trillion, the investor has decided not to buy more.
Source The Motley Fool +1 · View original ↗
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