Five years ago, XRP was poised to become one of the leading cryptocurrencies in the world, with the potential to become a prominent utility token. However, during these years, the digital asset faced several hurdles obstructing its expansion.
Notably, the protracted legal dispute between Ripple and the United States Securities and Exchange Commission (SEC), remains XRP’s main challenge, and it is hoped that XRP gets completely cleared of allegations against it by the regulatory body.
Despite the challenges encountered on its path to expansion, it is relatively safe to say that XRP has done well. The asset is ranked fifth on CoinGecko, a leading crypto-tracking platform.
Read Also: Here Are Returns on $5K, $10K, $50K, $100K, $300K, and $500K XRP Investments If XRP Hits $3.8
Based on data obtained from an XRP chart on CoinGecko, the digital asset was worth an average of $0.46 in the early days of November 2018.
It is also worth noting that XRP reached an all-time high (ATH) of $3.8 in January 2018, implying that the price recorded in November 2018 was a reflection of the asset shedding off profits.
With a $2,000 investment capital in November 2018, one could comfortably accumulate approximately 4,348 XRP coins. These tokens will be worth around $2,652 based on XRP’s current price standings of $0.61.
Return on investments (ROI) from the above will sum up to about $652 should the trader decide to sell. However, possibilities still abound that XRP could spike even higher with the Bitcoin halving event in view to play out in April 2024. It is left to see how events unfold.
XRP’s price difference of about $0.15 within a five-year interval indicates that the digital asset barely managed to record an increment of 32.6%.
Read Also: How This Wall Street Analyst Compares XRP Investment to Microsoft or Apple Stock
As recently disclosed by pro-XRP lawyer John Deaton, Uphold, a multi-asset digital money platform, boasts XRP holdings worth $1.25 billion, making the digital asset the dominant cryptocurrency on the crypto exchange.
Deaton stressed further that Uphold’s success could be attributed to the platform’s immense XRP holdings. He noted that XRP accounts for an impressive 62% of Uphold’s trading expenses, sustaining the company’s expansion for over two years.
Follow us on Twitter, Facebook, Telegram, and Google News
As the XRP price falters, investors are beginning to find other options. Recent shifts in…
With cryptocurrency adoption on the rise, digital assets are becoming integral to global finance. For…
Crypto market analysts have made bold assertions about the potential of FX Guys ($FXG) to…
The surge of interest in meme coins continues unabated as new digital assets promise phenomenal…
XRP price has hit resistance after a recent rally, with several crypto enthusiasts attributing this…
In the dynamic world of cryptocurrency, a modest investment today could potentially yield extraordinary returns…