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Pundit Says XRP Holders Deserve Billionaire Status. Here’s why
As the cryptocurrency market continues to evolve, a recent remark by crypto commentator John Squire has sparked intense debate among XRP enthusiasts and skeptics alike. The statement in question? “If patience were a token, $XRP holders would be billionaires already.” For many, this declaration is an understatement, given the arduous journey that investors have embarked upon.
The tumultuous journey of XRP holders began with an unprecedented surge of over 65,000% between March 2017 and January 2018. However, this meteoric rise was short-lived, as prices plummeted by a staggering 97% to $0.114 in March 2020. The trajectory only worsened when the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple in December 2020, prompting a 65% decline within a month.
Despite these unfavourable circumstances, XRP investors demonstrated an unyielding commitment to their investment, refusing to give up even as exchanges in the United States and Canada suspended trading following the SEC suit. The remarkable consistency of investor interest stands out starkly against this backdrop. Data reveals that the number of XRP holders grew by a substantial 3.53 million new participants between January 2018 and December 2022, defying all expectations.
In light of recent market performance, the notion that XRP investors deserve billionaire status may seem extreme on its surface. However, Squire’s comment takes into account their incredible tenacity and dedication to the asset, a testament to their unwavering support during an extended period of uncertainty and hardship.
While some may view this assertion as far-fetched, it is essential to acknowledge the resilience displayed by XRP enthusiasts throughout these tumultuous years.
Source: timestabloid.com
