I repeat, you could have been a millionaire right now. But here’s the big question. How much would you realistically need to invest in XRP today to become a millionaire in the future?
Let’s get right into it. What is Ripple? XRP is a digital asset built for payments. It is the native digital asset on the XRP ledger, which is an open source permission list and decentralized block chain technology that can settle transactions in three to five seconds. XRP can be sent directly without needing a centralized intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently, faster, less costly and more scalable than any other digital asset. XRP and the XRP Ledger are used to power innovative technology across the payment space. Ripple is focused on building technology to help unleash new utility, for example, and transform global payments. Third parties are also pursuing other XRP related use cases XRP that customers can use XRP for sourcing liquidity in cross-border transactions instead of prefunding, ensuring instant settlement, lower exchange fees and more efficient use of working capital. The FXRPA ledger is maintained by independent participants of a global community, of which Ripple is an active member. Independent Validator notes come to an agreement on the order and validity of the IP transactions.
This agreement, called consensus, serves as a final and irreversible settlement. The ledger reaches consensus on all outstanding transactions every three to five seconds, at which point a new ledger is issued. Anyone can be a validator. An active validators on the ledger today include investors, exchanges and financial institutions. There are currently 36 validators and ripple runs, six of them zappy. A good investment. Guys, one question that is most commonly asked related to Sharpey is that can make you rich. In a word, yes, XRP can make you rich. Although it has seen a major drop recently, several factors imply that it is a good investment and that its price can increase in the future. You almost know that XP is being tested in selected banks as a XRPacement for swift money transfers. This is the biggest reason why XRP may be a great investment. It is pretty evident that Ripple’s Tech is poised to become a standard part of bank money transfers as people are now demanding faster transfers than ever before. It is among the most promising digital currencies and has associations with foundations in the financial world. And many national banks have just made changes to consolidate XRP within their organizations. Another major factor that could lead to a sharp rise is that to fund the operations, the parent company has halted any further sale of the asset. This should lead to the demand outweighing the coin supply, eventually leading to a rapid price increase reflects. Sharpey has been approved by multiple U.S. institutions such as the Consumer Financial Protection Bureau. It has also made strides in receiving positive sentiment from global regulators, which will lead to a positive long term outlook and help in price predictions in the future. The low price of Sarpy means that anyone with a small budget can invest in it to build a whole no quantity of tokens, which many of us psychologically value. Repo transactions are fast, and solutions based on XRP allow you to trade cash or goods with low commission.
Another major thing to be considered while investing in any cryptocurrency is its feet, Ripple’s fee is substantially low compared to most other cryptos out there. By keeping the cash transfers low, Rypple has made itself a more appealing investment item and a more competitive money transfer technology. This, in turn, has given a long term prognosis. So when you invest in XP, you can be assured that its price is going to rise and it will eventually make you rich. XRP XRP can it make you a millionaire? Guys, it is so frustrating to know that the opportunity was so close, but you missed it, you hear this a lot. If you would just invest three thousand dollars in XRP back in 2017 and sell it at its peak level in 2008, then you could have made a million dollars. Same examples are with Bitcoin and many other coins, but you shouldn’t think like that. Don’t concentrate on what you missed, but think on new opportunities. Now that you know the real power of Rypple, let’s talk about how you can become a millionaire with Sharpey, which is kind of associated with triple current XRP market cap is eleven point eight billion dollars and supply is forty three point seven billion, which gives us approximately 27 cents per coin. Let’s compare the excXRPting market cap with other market players, Bitcoin or cryptocurrency USD and gold.
Let’s imagine that in two to three years, XP achieve all its goals and adopts masses to use it for most transactions in the world, and its market cap reaches gold level of seven point eight trillion dollars and the supply of XP reaches 70 billion units. Then the price would be around a hundred and ten dollars, which means around 400 percent of the current price. In this case, you need to invest just 2500 dollars to become a millionaire. Sound too optimistic? I think so. Let’s take another, more realistic case. When XP reaches the market cap of 208 billion with a supply of 100 billion units. In this case, the price of XP would just be 2.8 million, which gives us 10 times more. So you should invest 100000 dollars to become a millionaire this way. But hey, can you imagine that you have invested in XRP two and a half grand and things start to go uphill? You see how your two and a half becomes 25, then 100 grand. Can you imagine you don’t touch your investment at all, risking to lose everything, not me. So all those phrases don’t make sense. OK, you pass two times, maybe five times, but you definitely will start to make profit on 10 times and more conclusion. All this leads to a conclusion that each investment does not make sense without a good cash out strategy. If you like to be a holder like me, then good strategy would be to take out four percent each time the market gets 20 percent increase in price and the same with a 20 percent price drop where you buy four percent. Back in this case, you will earn a little bit on market volatility and will hold a majority of investment. This way, your each cash out amount will grow with the price and you can repeat the cash out process infinitely. Let’s see how it works. We have a base investment of 2500 dollars. Then the asset goes up by twenty percent and we cash out four percent. The situation repeats ten times, so we have cashed out almost 3000 dollars in total. Then the asset goes down by twenty percent and we buy four percent of your investment back again every ten times. And we have invested around 2000 dollars in total. As you can see, you have almost the same asset amount that we had initially, but I have one grand on hand.
You can take point two percent cash out for every one percent increase in price and it will be the equivalent of four percent for 20 percent market changes. Or you can increase the cash out percent if you want to be more aggressive with your cash out, basically just create the formula, which will show you what amount is currently to be sold or bought. The formula will show you for how many percent the current price of assets differs from your base asset price, then just multiply by zero point zero to one percent account. And remember to reset base price when you buy or sell the asset. This is just an example to test the strategy. In real life, the volatility is very chaotic. Chances of success. What is it? Have many chances to grow dramatically? Well, first of all, it is not centralized like Bitcoin or Ethereum. The fact that the supply is controlled by rebel and is very huge, nearly 100 billion units doesn’t play well. The ripple net can work without exception at all. So there is not anything unique about extirpate, which can’t be said about Ripple. Not according to wallet investor dotcom. The price of Sarpy can drop to as low as four cents. They also believe the price will recover to around fifty eight cents by the end of 2021 and over two dollars in 2025. And opposite long forecast. Dotcom thinks the average price of XP will be 26 cents in 2020 and will drop significantly in 2021 to fifteen cents at the end of the day. Only demand of XP will dictate its destiny and the success of Ripple, and that will definitely help.