How Much You Could Have Made with XRP Token – AfroTech
If you’re someone who jumped on the XRP bandwagon after attending Ripple Labs’ private Consensus conference after-party with Snoop Dogg back in 2018, chances are you’re feeling pretty good right now. The popular cryptocurrency token tied to Ripple Labs has been steadily climbing in value, especially after some key events in recent years.
Forbes has reported that XRP has been performing well, particularly following Donald Trump’s election as the 47th president of the United States. There is also optimism surrounding Gary Gensler’s planned departure as chair of the U.S. Securities and Exchange Commission in 2025, with expectations for a replacement appointed by U.S. President-Elect Donald Trump. Business Times notes that the SEC filed a lawsuit against Ripple in 2020 for allegedly selling XRP without registering it as a security.
Benzinga highlights that XRP saw a substantial increase of 87% between Nov. 27 and Dec. 3, 2024, reaching a one-year high of $2.86 per coin. Arthur Azizov, CEO of crypto exchange and payment processor B2BinPay, explained to Forbes that XRP had been in an accumulation phase for about 900 days before surging by 404% in November.
The potential for XRP prices to surpass their previous all-time high is significant, according to Azizov, with Forbes noting that XRP briefly became the third-largest cryptocurrency, trailing behind only bitcoin and ethereum. Street Times reports that XRP’s market capitalization now exceeds $154 billion.
Even Snoop Dogg, a well-known supporter of cryptocurrency, joined in on the celebration of the Ripple Labs community in 2018, though he remained tight-lipped about his thoughts on XRP. For those who were inspired to invest in XRP following the event, consider this: back in 2018, XRP was valued at $0.7523 per share. An investment of $1,000 then would now be worth $3,429.49 in 2024, reflecting an impressive 242.9% increase in value.
It’s clear that XRP has been making some significant waves in the world of cryptocurrency, and with the potential for further growth in the coming years, it’s definitely one to keep an eye on.
