Ripple (XRP) has been making headlines for its latest development. The firm announced it will be launching its very own stablecoin called RLUSD. This asset leverages XRP and has been under wraps.
The firm began working on it in April. This news barely had any impact on XRP as the asset continued trading at the $0.54 range, with a drop of over 0.82% throughout the past 24 hours.
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Ripple’s Decade-Long Performance And Future Potential
Despite its current price drop, it should be noted that the altcoin has witnessed a fairly positive decade. XRP dipped to an all-time low of $0.002802 back in 2014. Ever since, the asset has surged by 19107.63%.
Diving deeper, XRP has had a remarkable 10,300% price gain from the end of August 2013 when it was trading at $0.005. This is about a year post its launch when the asset slowly began to boom.
This further highlights the impeccable growth rate of XRP even though it was hit with several hurdles along the way.
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Looking Back At XRP A Decade Ago
According to data, about ten years ago, in October 2014, XRP was trading at around $0.0065. An investment of $100 would have garnered a total of 16,667 XRP. Taking the asset’s current price into consideration, the same investment would have turned into a staggering $9,166. This rise would have brought the investor a profit of 9,066.67% over the course of ten years.
Sadly, XRP’s price has been moving sideways for a while now. The asset continues to trade 85% below its peak of $3.84. The altcoin hit this level back in 2018 which was about seven years ago. While the asset may be at a low point right now, a dainty investment could turn into something profitable in the future.
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