Would you have invested the same $1,000 in Ripple’s native token in 2018? It was 6 years ago, and you hoped it would bring stellar returns in the future. Here’s how it works. articleIn July 2024, a $1,000 investment in XRP made in 2018 is worth $1000 today.
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Ripple’s XRP, which was then trading at $0.45 was the cryptocurrency that was most in demand. Since then, its price has been dipping and it’s struggled to get above $1.5.
A $1,000 investment in XRP would have yielded 2,222 tokens. In 2024, the price of XRP will be hovering at around $0.60. In the six-year span, the altcoin only grew by 15 Cents.
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A $1,000 investment in XRP is now worth $1,335 by July 2024. This is an increase in return on investment of 35% over the past six years. Ripple’s XRP is not the only cryptocurrency that has seen a rise in value.
Ripple’s current performance
On Tuesday, Ripple’s native currency XRP was trading at around $0.60. Leading altcoins performed better in the second half 2024, and remain on the more green side. The chart shows that it is up almost 38% over the past 14 days. It is still down 83% from the all-time record high price of $3.40 that it achieved in January 2018.
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XRP continues to receive a steady influx in investments as the SEC case is nearing its conclusion. Ripple’s case is likely to be won, and the SEC might lose. This could lead to a massive increase in XRP’s value on the indices, resulting in astronomical returns for investors.
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Source: watcher.guru