XRP has failed to make holders rich like bitcoin and ether. Here’s why
BTC when published $82,058Now $80,617 ▼ −1.76% since it was published
Holding is widely touted as a great way to build wealth in the crypto market, but it hasn't worked for every coin. Take XRP (XRP), the payments-focused cryptocurrency native to the XRP Ledger and the world’s fifth-largest digital asset by market value. The token is still trading well below its 2017 cycle high, while most other major cryptocurrencies have climbed far above theirs. In 2017, crypto broke into the mainstream, pulling in new users and investors during the frenzied run that carried into the first week or two of 2018. XRP currently trades around $1.33, down 62.5% from its early January 2018 peak of $3.55. In other words, an XRP buyer from that peak is still underwater nearly nine years later.
First reported by CoinDesk. This page is a short excerpt; the full text is theirs.
