In a word? Yes. XRP can make you rich. Although it has seen a major drop recently, several factors imply that it is a good investment and that its price can increase in the future.
XRP is being tested in selected banks as a replacement for SWIFT money transfers. This is the biggest reason why Ripple may be a great investment. It is pretty evident that Ripple’s tech is poised to become a standard part of bank money transfers as people are now demanding faster transfers than ever before. It is amongst the most promising digital currencies and has associations with foundations in the financial world, and many national banks have just made changes to consolidate Ripple within their organizations.
Another major factor that should lead to XRP’s rise is that to fund the operations, the parent company has halted any further sale of the asset. This should lead to the demand outweighing the coin’s supply, eventually leading to a rapid price increase.
Ripple has been approved by multiple US institutions – such as the Consumer Financial Protection Bureau. It has also made strides in receiving positive sentiment from global regulators, which will lead to a positive long-term outlook and help in price predictions in the future.
The low price of XRP means that anyone with a small budget can invest in it to build a whole number quantity of tokens, which many of us psychologically value. Ripple transactions are fast, and solutions based on Ripple allow you to trade cash or goods with low commission.
Another major thing to be considered while investing in any cryptocurrency is its fees. Ripple’s fees is substantially low compared to most other people out there. By keeping the cost of transfers low, Ripple has made itself a more appealing investment item—and a more competitive money transfer technology. This, in turn, has given it a better long-term prognosis.
So when you invest in XRP, you can be assured that its price is going to rise and it will eventually make you rich.
It is frustrating to know that the opportunity was so close, but you missed it. You hear this a lot – if you would invest just $3000 into XRP back in 2017 and sell it at peak level in 2018, then you could’ve made a million dollars. Same examples are with Bitcoin and many other coins. But you shouldn’t think like that. Don’t concentrate on what was missed, but think on new opportunities.
GET 1 MILLION
Now when you know the real power of Ripple, let’s talk on how you can become a millionaire with XPR, which is kind of associated with Ripple. Current XRP market cap is $11,8 Billion and supply is 43,7 Billion units, which gives us approximately 27 cents per coin.
Often times I often tell people to forget what they have missing in time past by not investing early or getting early into one cryptocurrency or the other because aside just buying and holding these cryptocurrencies for potential. Let’s compare the XRP market cap with other market players: Bitcoin, all cryptocurrencies, USD and gold. Let’s imagine that in 2-3 years XRP achieves all its goals and adopts masses to use it for most transactions in the world and its market cap reach gold level of 7,8 Trillion dollars.
And the supply of XRP reach 70 billion units. Then the price would be about $110 which mean around 400X of current price. In this case you need to invest just $2500 to become a millionaire.
Finally, if one can be patient enough and do things right, I believe XRP has a potential to make anyone rich. Why XRP hasn’t many chances to grow dramatically? Well, first of all it is not centralized like Bitcoin or Ethereum. The fact that the supply is controlled by Ripple and is very huge (100 Billion units), does not play well.
At the end of the day only demand of XRP will dictate its destiny and the success of Ripple and RippleNet will definitely help.