Along with the rest of the market, Ripple’s XRP was also seen making strides. Despite being overtaken by its counterparts, the altcoin hit an eight-month high of $0.73. While the asset continues this hot streak, several investors who missed out on pouring funds into XRP sooner rather than later were calculating their potential profits. This article dives into the asset’s growth over the past decade and the gains made.
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Revisiting XRP’s Growth
XRP made its debut in the cryptocurrency market in June 2012. But in little more than a year, its value skyrocketed, rising from its modest origins to more than 100 times its original worth by 2014. In 2014, which was about ten years ago, the asset was trading at $0.028. XRP even went on to hit an all-time high of $3.84 in 2018.
At press time, the asset was trading at $0.6677, witnessing a 4.50% surge over the past 24 hours. Ripple’s cryptocurrency grew by 26% throughout the week following Donald Trump’s win.
Given that XRP is now trading at $0.6673, a $1,000 investment made 10 years ago at $0.028 per XRP would be worth around $23,832.14 today. This further represents a 2282.96% growth over the past decade.
The asset would have undoubtedly seen better growth over the years if it did not face hurdles from the Securities and Exchange Commission (SEC). Ripple Labs was sued by the SEC back in 2020. In addition, the agency accused XRP of being a security. This further prompted several exchanges to abandon the altcoin. While the asset has finally managed to recover, it remains at a distance from its peak.
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Looking At The Future
According to CoinMarketCap’s crowd sentiment, a majority of XRP investors were turning bullish. Out of 78718 votes, 85% of them were bullish about the altcoin witnessing a rise in the future. 15% were, however, bearish about a possible spike.
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