Could the Cryptocurrency XRP Turn $1,000 Into $10,000?
XRP has delivered 900%+ returns before, so many investors are betting it can do it again. Can it?
Overview
The cryptocurrency market is full of examples of coins returning 900% or more. XRP (CRYPTO: XRP) has done it in the past. Can it do so again?
Many investors hope so. And XRP definitely seems like a good choice at first blush: It has a loyal following and a compelling real-world use case -- something a lot of projects can't claim. And critically, it's trading at just above $1.10, so imagining it trading at $11 feels totally reasonable on its face.
Details
But can it? I doubt it. And here's why.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.