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Here Are Returns on a $1000 Investment in XRP at $0.006197 in January 2017

source-logo  thecryptobasic.com 01 December 2023 04:58, UTC

Investing $1,000 in XRP in January 2017 produced the highest return rate when the coin’s price hit an All-Time High (ATH) of $3.8 in January 2018.

With XRP trading at the ATH price, a level 537.5% above its current price level of $0.6034, the current level is a massive discount in relation to what it is capable of. An investment of $1,000 in XRP on January 6, 2017, when the price of the coin was $0.006197, would have bagged an investor a total of 161,368 XRP coins.

Let’s explore what returns an investor with this bag must have raked in when the price touched its ATH.

XRP Returns Outlook

In the early days of its launch, patience remained the key determinant of those who got huge paydays with XRP. As with other digital currencies at the time, XRP saw a relatively flattened growth from January to March 2017 before it started showing impressive spikes.

The tremendous surge in XRP price started on December 11, 2017, and peaked on January 4, 2018, when XRP was trading at $3.8. At the peak, an investor who stacked the coin a year earlier with $1,000 saw the value of their investment jump to $619,653.

XRP is currently trading at $0.60. So, a $1000 investment in 2017 is now worth $96,820—still a 96X return on $1000 invested.

Suppose a user attempts to retry history and invest $1,000 into XRP at the moment; a total of XRP units will come in at 1,657.2 based on the price of the coin pegged at $0.6034. With this quantity, the valuation will soar to $6,363.9 whenever XRP returns to its $3.84 ATH.

Will XRP Retest its ATH?

As a digital currency operating in a generally volatile market, the chances that XRP will retest its ATH are subject to many factors, including its adoption, regulatory clarity, and functionalities associated with XRPL and the Ripple Labs offerings.

There is the assumption that XRP is undervalued, and different forecasts, including those from ChatGPT and Google Bard, suggest an uptrend but without a definitive projection to surpass the ATH in the coming year.

Despite this, the market is highly unpredictable, and traders with vested interest might need to watch XRP for potentially promising trends.