Ripple: 1,000 XRP To Turn Into $100,000, Here’s How

Ripple’s XRP was certainly standing out among the rest of the market. The altcoin was seen surging by 3% while most of its counterparts were drowning in the Red Sea. At press time, XRP was trading at $0.6217 following a 4% surge over the past seven days. This rise began instilling hope into the Ripple market as analysts sprung up fast to suggest that a portfolio with about 1,000 XRP could increase to $100,000.

Source

The CEO of Alpha Lions Academy, Edo Farina rolled out an optimistic Analysis for XRP investors. He highlighted how a mere investment of 1,000 XRP which is around $600 could bring life-changing wealth into the lives of investors. Farina highlighted that the $600 investment will increase to $3,840 if the asset breaks through its all-time high of $3.84. As a result, an investor’s return on investment is over six times higher.

According to CoinMarketCap, the altcoin is currently over 83% below its all-time high. The asset managed to attain this level about seven years ago. XRP’s rise to its all-time high will bring in 6x returns. But turning things around, Farina said,

“We’re not looking for a 6X—this is crypto, not real estate.”

Also Read: Ripple: How To Be a Millionaire When XRP Hits $1.5

xrp-record-a-surge">But How Can XRP Record A Surge?

In his opinion, the present changes taking place in the global financial landscape necessitate that people purchase and keep XRP. Farina referenced a recent declaration from Russia about a substitute financial system that would bring about a new economic reality for the BRICS countries and is akin to SWIFT. He went on to say that Western nations have manipulated both SWIFT and the US dollar. Russia is therefore looking for a SWIFT substitute.

If in case the Russian government decides to embrace the Ripple blockchain, leaving the others behind, XRP will certainly receive a much-needed boost.

Also Read: Ripple: Analyst Explains How XRP Can Still Target $100 in 2025

  • crypto
  • cryptocurrency
  • xrp

Comments

Post a Comment

Popular posts from this blog

Aave community proposes suspending Fantom-based integration

Image
The past month has seen a series of hacks in the crypto sector. The latest hack was on hardware wallets, where 15,000 Solana wallets were affected, resulting in a loss of around $4.6 million. Aave proposal removes Fantom integration One of the most persistent hacks in the crypto space is on DeFi bridges. Bridges are an essential infrastructure that allows users to transfer funds between blockchains. For example, the native assets on one network like Avalanche can exist on another like Harmony without needing a bridge. Given this large amount of money stolen from these blockchain bridges, one DeFi protocol is taking steps to lower the risks from the sector. A recent proposal on the Aave protocol suggested that the community suspends all Fantom-based integration. Buy Aave Now Your capital is at risk. The proposal from the Aave community says that halting Fantom integration would protect users by suspending the ability to deposit and borrow assets through the Aave V3 market...
Read more

Canadian crypto traders will have a harder time using leveraged bets

Image
Join Our Telegram channel to stay up to date on breaking news coverage Canadian umbrella financial regulator, the CSA (Canadian Securities Administrators) recently decided to create a new set of rules for crypto exchanges operating in the country, according to two unnamed sources familiar with the matter. Among the new changes is apparently the rule that all crypto trading platforms that wish to operate in the country must be registered, and everyone seeking registration must sign undertakings to comply with investor protections. The CSA (Canadian Securities Administrators) declined to reveal any details, saying it would do so "in the near future.” — DustyBC Crypto (@TheDustyBC) February 17, 2023 However, this is not the end of it, as the rules will also severely affect retail investors who wish to trade crypto currencies using leveraged bets. The CSA plan is to increase its oversight of crypto exchanges that operate in Canada. This will mean tighter rules whi...
Read more

Astar launches NFT campaign to celebrate mainnet launch

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Astar Network, a Polkadot parachain, has announced an NFT campaign to celebrate the mainnet release of Astar zkEVM, an Ethereum layer-2 chain powered by Polygon technology. Astar’s NFT campaign The Astar Network’s NFT campaign, scheduled for Q1 2024, aims to celebrate the launch of the Astar zkEVM mainnet, which was built utilizing the Polygon Chain Development Kit (CDK). The campaign draws inspiration from Astar Network’s Japanese roots by using the popular Japanese capsule machines and mechanisms to award random prizes. You might also like: Astar Network launches zKatana layer-2 scaling solution on public testnet To participate in this campaign , users are encouraged to explore the projects available on Astar zkEVM. The platform offers on-chain and off-chain quests, which users can complete to earn re...
Read more