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HomeCrypto NewsMarketHere's How Much $1,000 Invested in XRP is Up, While Ethereum is Down in 1 Year

Here’s How Much $1,000 Invested in XRP is Up, While Ethereum is Down in 1 Year

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The contrast in performance between XRP and Ethereum (ETH) comes into focus amid a commentary from popular crypto influencer Da Sheriff Crypto.

In a recent tweet, Sheriff pointed out that an investment of $1,000 in XRP made a year ago would have seen an impressive 354% increase. This figure results from XRP’s appreciation from $0.5384 in January 2024 to its current price of $2.57.

In other words, a $1,000 investment in XRP, which acquired 1,857 tokens a year ago, is now worth around $4,540. Meanwhile, during this period, XRP’s value even reached a more substantial $3.40 price, making the investment worth $6,315 at its peak.

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What About $1,000 Invested in Ethereum?

On the other hand, a one-year investment in Ethereum didn’t fare as well compared to XRP. Specifically, Ethereum traded at $2,778 a year ago, but the token is currently exchanging hands at $2,680. This represents a 4.6% decrease. As a result, an investment of $1,000 in ETH from last year would now be worth just $965.

It is worth noting that during the peak over the past year, the $1,000 ETH investment was worth $1,475. Although impressive, Ethereum could not sustain the gain, with values plunging by over 35% shortly after.

Essentially, despite its dominant position in the crypto space, Ethereum has experienced a dip in its one-year performance, a stark contrast to the massive positive returns from XRP.

Interestingly, an investment in Bitcoin fared much better than Ethereum. Bitcoin was worth $51K a year ago, and as of today, it’s trading at $96,000. This makes a $1,000 investment in Bitcoin last year worth $1,882 now and $2,156 at its peak valuation.

Observing the divergence in Ethereum’s performance compared to other cryptocurrencies, Sheriff sarcastically described Ethereum as the “king of stability.”

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XRP to Take Over from Ethereum?

Amid Ethereum’s challenges, discussions have intensified in the crypto community about a new asset potentially taking over as the second-largest cryptocurrency by market cap.

XRP has emerged at the forefront of this discussion, given its stellar performance, which has placed it just behind Ethereum. As a result, many now predict an imminent flip.

Joining the conversation is Austin King, a Harvard-trained computer science engineer, who criticized Ethereum’s struggles with inflation and the lack of clear development. He leveraged these points to predict that XRP could surpass Ethereum in market cap.

Although there is currently a $177 billion gap between the two assets, a 3X price surge from XRP’s current position could be sufficient for it to displace Ethereum.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a seasoned crypto journalist who has established himself as a trusted voice in the world of blockchain and Web3. His extensive knowledge of the crypto space enables him to break down complex concepts into accessible language.

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