Better to Invest and Hold
When it comes to investing in cryptocurrencies like XRP, there are different methods that investors can use. While some choose to hold the coin, others prefer to trade it continuously for higher profits. However, a crypto analyst has conducted research and concluded that it is better to buy and hold XRP.
The analyst explained that if you had invested $100,000 in XRP back in 2018 and held onto it, you would now have $170,000. This means a profit margin of 70% over the past five years. On the other hand, consistently trading XRP during this period would have resulted in a disastrous outcome.
Using this indicator, the $100,000 investment in 2018 would have turned into only $24,000 today. So while both methods would give you returns on your investment, holding XRP would result in a 70% gain compared to a 75% loss from trading.
The analyst emphasizes that investors should be holding onto their XRP instead of constantly trading it. Ignoring this advice could lead to significant losses in the future.
Becoming a Global Asset
The recent surge in the price of XRP is justified by its potential as a global asset. The altcoin’s value soared after the court rejected the appeal filed by the SEC against Ripple. Additionally, investors are recognizing the capabilities of the XRP Ledger.
Crypto influencer Alex Cobb highlights that the XRP Ledger can handle 3,400 transactions per second (TPS). When considering longer timeframes, this means the XRPL can process 204,000 transactions per minute, 12.24 million per hour, and 293 million per day. Cobb believes that XRP is designed to be a global utility asset for banks worldwide.
As Ripple continues to achieve victories against the SEC, XRP’s reach is expected to expand. This reinforces its narrative as a global asset, especially with Ripple’s services catering to large institutional investors.
Hot Take: XRP – A Long-Term Investment with Global Potential
XRP has proven to be a lucrative long-term investment strategy. Holding onto the altcoin over the past five years would have resulted in a significant profit margin, while continuously trading it would have led to substantial losses. With recent legal victories and the XRP Ledger’s impressive transaction capabilities, XRP is positioned as a global utility asset for banks worldwide. Investors should consider holding onto their XRP for long-term gains and participate in its potential as a global asset. Ignoring this opportunity may lead to missed profits and regrets in the future.
Bitro Conwell stands as an intellectual architect, weaving together the roles of crypto analyst, meticulous researcher, and editorial virtuoso with finesse. Amidst the digital intricacies of cryptocurrencies, Bitro’s insights resonate harmoniously with seekers of all stripes, showcasing a profound understanding. His ability to untangle the most complex threads within the crypto landscape seamlessly pairs his their editorial finesse, transforming intricacy into an artful tapestry of comprehension.