- Ripple (XRP) launched in 2012 but did not start trading publicly until August 2013.
- Investing $100 in XRP in August 2013 would have amounted to holding 17,035.78 XRP.
- With a current price of $1.14, $100 in 2013 would have yielded $19,421.79.
Ripple (XRP) is arguably the cryptocurrency with the most expectant users. It is a digital asset that has held great promise since its inception, faced critical challenges that threatened its existence, and is now rebounding with greater potential ahead.
XRP launched in June 2012 but started trading publicly in 2013, during an era when minimal crypto investments yielded exceptional returns, particularly for early adopters. The cryptocurrency has grown over the years, accumulating a market cap of over $70 billion and rising to the sixth-largest cryptocurrency, by CoinMarketCap’s ranking.
What $100 Worth of XRP in 2013 Would Have Been Worth Today
Today, we analyze what investing $100 in XRP in 2013 would have done to a trader’s portfolio, assuming the investor held it for nearly 13 years.
Since its public market debut in August 2013 at $0.00587, XRP has risen to $1.14 at the time of writing. A $100 investment made at that price would have accumulated approximately 17,035.78 XRP, worth about $19,421.79 today. At XRP’s all-time high in Jan 2018, those holdings would have been worth approximately $65,417.40.
XRP as a Long-Term Investment
XRP has delivered significant long-term returns since its public market debut in 2013. For comparison, Tesla went public in 2010 and has since yielded 31,000% in returns.
It is worth noting that XRP achieved its impressive rally despite facing severe regulatory challenges and a protracted litigation between Ripple and the SEC. Most XRP holders and supporters believe the cryptocurrency has more upside potential. They consider the progress made toward regulatory clarity and the belief that the project is in the early innings of growth.
Ripple’s former CTO, David Schwartz, said recently that he is particularly excited about the project’s ecosystem expansion. According to him, Ripple will target “core use cases around payments, tokenization, interoperability, DeFi, AI, and whatever comes next.”
Notably, Ripple’s ecosystem expansion is expected to attract institutional investors looking for regulatory-compliant crypto backbones. That is the dominant belief among crypto community members and analysts.
Related: XRP Must Reclaim $1.15 for Meaningful Relief: Analyst
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
