Over the past several years, the financial world has been captivated by the remarkable price surges witnessed in the realm of cryptocurrencies.
Among these digital assets, XRP (XRP) has stood out as one of the most noteworthy performers, experiencing substantial value growth to secure its place as the fifth-largest cryptocurrency by market capitalization.
In the forthcoming analysis, we embark on a journey to explore the return on investment (ROI) stemming from a $100 investment in XRP a decade ago.
How much is a $100 investment in XRP in 2013 worth today?
XRP made its debut in the crypto scene in June 2012 with an initial launch price of a mere fraction of a cent. However, within the span of just over a year, by August 2013, its value experienced a staggering increase, surging from its humble beginnings to over 100 times its initial price.
Since the end of August 2013, when XRP was trading at around $0.005 apiece, until today, August 31, 2023, the cryptocurrency witnessed a staggering price increase of 10,300%.
This means that an investment of $100 in XRP ten years ago would be worth over $9,300 today, representing an ROI of approximately 9,200%, according to CoinStats data.
XRP price analysis
At the time of publication, XRP was changing hands at $0.52, down around 1% in the past 24 hours.
Over the past week, the crypto token gained just 0.2% while losing over 25% on the monthly chart amid mounting uncertainty surrounding Ripple’s legal battle against the SEC, and a broader market downturn.
This means that XRP lost nearly all of its gains secured from its partial victory in the court against the securities regulator last month. Still, the crypto asset’s year-to-date gains remain strong at more than 50%.
Seeking further insights into its future price action, Finbold tapped the machine learning price prediction algorithm over on PricePredictions.com on August 31.
The tool estimates XRP to trade at $0.52 on September 30, 2023, suggesting almost no notable change compared to its current price.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
The post $100 invested in XRP 10 years ago is worth this much today appeared first on Finbold.