From The Motley Fool · Dominic Basulto · · 50s
XRP Millionaire-Maker? Math Shows No
XRP's 23,000% gain since 2013 can't reach $1 million without unrealistic market cap jumps.
In brief
XRP's 23,000% gain since 2013 can't reach $1 million without unrealistic market cap jumps. XRP's market cap of $85.10B makes 1,000x gains impossible, so it's not a millionaire-maker. Originally reported by The Motley Fool.
XRP's 23,000% gain
XRP has gained 23,000% since 2013, up from $0.000001 to $1.35.
“XRP ( XRP +0.95% ) has captivated crypto investors with its potential for creating life-changing wealth”
Potential $100-$1,000 price jump
Some investors think XRP could rise to $100 or $1,000 from current $1.35.
“XRP is currently trading for just over $1, but some think it could soar as high as $100 or even $1,000”
1,000x gain math fails
XRP would need 1,000x gains to reach $1 million from $1,000 investment.
“To turn a modest $1,000 upfront investment into $1 million, for example, XRP would need to deliver 1,000x gains”
Market cap reality check
XRP's $85.10B market cap is 50x Bitcoin and 6.5x Nvidia, Apple, and Space Exploration Technologies combined.
“XRP has a market cap of approximately $80 billion. If it were to soar in value by a factor of 1,000x, then it would have an implied market cap of $80 trillion”
XRP's price ceiling
XRP's 100 billion token supply makes 100x or 1,000x gains impossible without surpassing Bitcoin's market cap.
“There's one factor that makes any 100x or 1,000x price gains extremely unrealistic for XRP: a lifetime token supply of 100 billion”
The main idea
XRP's market cap of $85.10B makes 1,000x gains impossible, so it's not a millionaire-maker.
