If XRP investors had invested $1,000 in 2018, how much profit could they have made now? We analyzed the long-term return rate of XRP, one of the representative altcoins in the cryptocurrency market.
XRP has secured many supporters with a vision to improve the existing banking system and become a new standard for international remittances. Particularly, 2018 was an important period when cryptocurrencies began to attract public attention.
According to CoinLore data, the average price of XRP in 2018 was $0.66. Considering that the current XRP price is $2.22, if $1,000 had been invested at that time, it would have resulted in an asset value of approximately $3,360 (about 4.77 million won), generating a profit of $2,360 (about 3.35 million won).
The highest price of XRP in 2018 was $3.83, and if invested at this point, it would have recorded a loss of about 42%, with $1,000 decreasing to $580 (about 820,000 won).
On the other hand, if invested at the lowest price of $0.24 in 2018, it would have recorded a return of about 825%, with $1,000 increasing to $9,250 (about 13.13 million won).
This shows that the return rate can vary significantly depending on the entry point, even when investing in the same year. It demonstrates that simply purchasing cryptocurrency does not guarantee profits, and market conditions and investment timing are crucial.
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