Could Buying XRP Today Set You Up For Life?
XRP's upside potential may not be as high as some investors think.
Overview
In the crypto market, hope springs eternal. Even with top cryptocurrencies down anywhere from 30% to 55% for the year, investors continue to cling to the hope that one of them will become a future millionaire-maker.
For example, consider XRP (CRYPTO: XRP). For more than a decade, XRP has enticed investors with the prospect of being able to set them up for life. Given that XRP currently trades for the bargain-basement price of just $1, plenty of investors are willing to take the risk, but is it worth it?
Details
As a general rule of thumb, a cryptocurrency must be able to deliver 1,000x returns to have any realistic chance of becoming a millionaire-maker. That's what is required to turn a relatively modest $1,000 altcoin investment into $1 million.
Source
Originally published at www.fool.com.