HomeCrypto NewsMarketExpert Says Everyone Crying XRP Is Taking Too Long Needs to Look at Amazon Going From $0.09 to $229

Expert Says Everyone Crying XRP Is Taking Too Long Needs to Look at Amazon Going From $0.09 to $229

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XRP holders frustrated by slow pace have been urged to rethink their expectations, especially considering how long it took major tech companies to become successful.

The comparison has stirred fresh discussions about patience for XRP holders, as the coinโ€™s price continues to underperform even amid ETF investments.

Looking at Amazonโ€™s 254,933% Rise

In a tweet, 24hrscrypto1, a widely followed XRP commentator, highlighted Amazonโ€™s historical chart, showing its rise from $0.09 in 1997 to more than $229 over time. Notably, the chart shows that Amazonโ€™s stock has risen 254,933% during its lifetime.

Before this extraordinary performance occurred, the early years saw skepticism and minimal mainstream attention. The message is that big winners often take years for the market to notice their full potential.

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The commentator noted that many investors expect explosive returns but lack the patience required to withstand the long consolidation phases that typically precede them.

XRP Communityโ€™s Frustration

Indeed, XRPโ€™s prolonged consolidation has left many investors impatient, especially given the recent bullish developments surrounding XRP. These include Rippleโ€™s $2.5 billion investment this year and ETFs buying almost $1 billion worth of XRP within 30 days of trading.

Despite these developments, XRP remains down 26.33% over the past two months. While the performance has frustrated investors, the discussion suggests holders are being too anxious.

It highlights how investors often overlook the time horizon required for technologies to mature.

24hrscrypto1 noted that short-term expectations dominate modern markets. Many traders are seeking โ€œAmazon-levelโ€ returns while maintaining only โ€œmicrowave-levelโ€ patience.

Views of Other Market Watchers

24hrscrypto1โ€™s post triggered significant reactions. Many expressed opposing views and suggested that the comparison to Amazon might be a stretch.

For example, X user Mortimer pointed out that XRPโ€™s historical chart differs significantly from Amazonโ€™s. He emphasized that Amazonโ€™s growth was exponential, whereas XRPโ€™s chart has been more stagnant, even over a span of 10+ years.

In response, 24hrscrypto1 argued that Amazonโ€™s chart only appears exponential today because we are viewing it 27 years later. โ€œYouโ€™re comparing a finished product to one thatโ€™s just now being activated,โ€ he remarked. He added that XRP hasnโ€™t even reached its โ€œAmazon 2008 momentโ€ yet.

Meanwhile, another commentator highlighted XRPโ€™s all-time performance, noting that it has risen 35,673% from its bottom around $0.002 to above $2. Yet bulls like 24hrscrypto1 argue that XRP hasnโ€™t yet entered its Amazon-like growth phase. This view suggests the projected bullish phase may already be behind us.

โ€œA Very Dangerous Gameโ€

Indeed, several analysts in the XRP community have used Amazonโ€™s long years of consolidation and eventual breakout to paint a promising future for XRP, as the coin continues to trade under $3.84 eight years later.

Some have even called for a $100 XRP price based on this theory. However, critics argue that this comparison is flawed.

For instance, a USMC veteran remarked on 24hrscrypto1โ€™s post that comparing an “unbacked” crypto asset to a security tied to a real company with actual revenue is “a very dangerous game.”

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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