Is XRP a Millionaire-Maker?
Expectations about this coin tend to be far too high to ever deliver.
Overview
XRP (CRYPTO: XRP) is a favorite play among investors looking to get rich, but it probably shouldn't be. Given its market cap of $62 billion and its price of $1.04, turning a $10,000 stake in XRP into seven figures of wealth would require the coin to reach roughly $104, putting its market cap above $6 trillion. That's larger than the combined market cap of every other cryptocurrency, and it almost certainly won't happen.
So, with that in mind, let's turn to a more realistic question, namely, whether XRP could still be a good tool for long-term wealth building.
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Details
Source
Originally published at www.fool.com.
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