The post Finance Expert Suggests $5,000 in XRP Can Still Grow to $2M+ appeared on BitcoinEthereumNews.com.

Vandell Aljarrah, a financial commentator and co-founder of Black Swan Capitalist, implies XRP could still transform $5,000 to $2.9 million. Aljarrah, who runs the Black Swan Capitalist finance platform with his brother Versan Aljarrah, suggested this in a recent post on X while discussing XRP’s historical price performance and its potential for more substantial gains during this bull market. XRP’s Historical Performance The market commentator called attention to the fact that investors who procured XRP in 2016 and held onto their tokens until the peak in 2018 would have seen their modest investments surge to millions. Notably, market data confirms that XRP traded at a price of $0.0065 in January 2016. If you had invested $5,000 in #XRP in January 2016 at a price of $0.0065 per XRP & sold at its all-time high of approximately $3.84 in January 2018, Your $5,000 investment in January 2016 would have grown to approximately $2,953,846 by January 2018. This is what 2 years in this… — Vandell | Black Swan Capitalist (@vandell33) June 20, 2024 It continued to record a series of declines and upswings from that month till the bull run took shape. When the bulls introduced buying pressure from 2017, XRP then recorded an exponential price surge from the $0.0065 in January 2016 to the all-time high of $3.84 in January 2018, marking a 58,976% spike within just two years.  If a market participant had purchased $5,000 worth of XRP in January 2016, he would have procured 769,230 tokens. These 769,230 XRP tokens at the all-time high of $3.84 would have been worth $2.95 million. This investment move translates to a profit of over $2.9 million in two years. While XRP’s 2017/2018 price upsurge remains a pivotal part of its history, some investors fear it might not be able to repeat…

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Filed under: News - @ June 21, 2024 12:22 pm