Home Blog Page 850

300K XRP in Four Transactions: Expert Spotlights Largest XRP Ledger Fee Ever Paid

Lele Jima
-
0
300K XRP in Four Transactions: Expert Spotlights Largest XRP Ledger Fee Ever Paid

Popular XRP community figure Vet recounts how an anonymous user paid an outrageous fee of about 300,000 XRP on the XRP Ledger (XRPL) back in 2017. 

According to data shared by Vet, the unknown user paid about 300,000 XRP in four transactions in 2017. Each transaction costs about 73,238 XRP, 75,742 XRP, 74,903 XRP, and 74,068 XRP, bringing the total to 297,951 XRP.

Highest XRP Ledger Fee 

While the fee’s value was not much at the time due to XRP’s low price, Vet stated it was worth about $700,000 as of yesterday. This figure was $65,549 at the time the transactions were made. The community figure stressed that the fee represents the highest fee ever paid on the XRP Ledger.

A quick glance at XRPScan shows that the transactions occurred on September 11, 2017, at 07:24 a.m. (UTC). The transactions, initiated by an unknown address, ‘rKLPB…57UGn’, were made to cancel offers on the XRP Ledger.

On September 11, 2017, the user initiated five ‘offer cancel’ transactions. Only one of the five transactions cost a fraction of XRP, about 0.21 XRP. The user paid hefty fees of at least 73,238 XRP for the remaining four transactions.

Potential Reasons Behind the Mistake 

Explaining a possible reason behind the development, Vet suggested that a bot made the transaction on behalf of the user. During the transaction process, Vet said the bot might have ‘fumbled some fields’ in the account script, resulting in outrageous fees. 

The community figure stated that the XRPL is designed to accept any fee above the minimum requirement of a few drops of XRP. As a result, the network will process any transaction irrespective of whether the fee is outrageous, as in the 2017 incident. 

It is very rare to see users pay extremely high fees for transactions on the XRP Ledger. This is because the network’s transaction fees are negligible, ranking among the lowest in the crypto industry. 

Users can sometimes pay just a fraction of XRP to move massive value on-chain. A case in point was when Ripple and several entities paid a negligible fee of $0.0013 to move $1.88 billion worth of XRP on XRPL.

Despite the costly mistake, Vet confirmed that the wallet was still active. It currently has a balance of 19.80 XRP, with its last transaction recorded on June 28, 2023. 

Ripple CTO Slams Claim That XRP Is a Security by IMF Crypto Classification

Okoya David
-
0
Ripple CTO Slams Claim That XRP Is a Security by IMF Crypto Classification

Ripple Chief Technology Officer David Schwartz has criticized suggestions that XRP is a security according to the IMF’s definition of a utility token.

Last week, the International Monetary Fund (IMF) released the first update to its Balance of Payments and International Investment Manual since 2009, with the framework now including cryptocurrencies.

While this update highlights the growing recognition of cryptocurrencies, the IMF’s classification of these assets has sparked debates. One such debate regarding XRP prompted a response from Ripple’s CTO, David Schwartz.

Ripple CTO Reacts to IMF’s Classification of Utility Tokens Like XRP

Schwartz has rejected suggestions that XRP qualifies as a security based on the IMF’s definition of a utility token.

For context, the IMF’s new Balance of Payment Manual, BPM7, classifies crypto-assets according to whether or not they impose a financial claim or liability on the issuer. While the IMF argues that Bitcoin does not impose this liability due to the mining process, it suggests utility tokens—often referring to altcoins—do.

It asserts that these assets are “debt securities” that offer holders future access to goods and services. This has led some to comment humorously, “XRP is about to be listed as a security permanently.”

However, Schwartz counters that if XRP fits this definition of a utility token, then Bitcoin and Ethereum also fall within it.

“If XRP is a utility token [or security per IMF] because you can use it to pay future transaction fees, then so are Bitcoin and Ethereum,” Schwartz asserted.

Notably, if the IMF’s definition of utility tokens is taken literally, it could classify not only XRP but also other major assets like Ethereum and Solana as “debt securities.”

Meanwhile, Ripple’s CTO stressed that he is not aware of any major token that fits the IMF’s security definition of a utility token. 

The latest debate over XRP’s classification comes as Ripple prepares to wrap up the legal battle in which the classification of XRP plays a central role.

In 2020, the U.S. Securities and Exchange Commission charged the blockchain payments firm with securities law violations over its sales of XRP.  In 2023, District Judge Analisa Torres ruled that Ripple’s programmatic XRP sales did not constitute security offerings but faulted Ripple’s direct sales to institutional investors.

Here are 3 Price Gaps XRP Might Need to Fill as Low as $0.64 Before the Next Upsurge to $5+

Sam Wisdom Raphael
-
0
Here are 3 Price Gaps XRP Might Need to Fill as Low as $0.64 Before the Next Upsurge to $5+

A notable crypto market analyst identifies three important price gaps that XRP might have to fill before the next upward push.

As the broader crypto market observes widespread uncertainty, XRP has failed to witness a decisive breakout. The asset, which claimed a seven-year peak of $3.4 in January 2025, has since corrected from this top. Despite a 14.92% increase this month, XRP remains in a critical position, awaiting the next explosive run.

XRP Likely to Drop to Gap 1

Amid the sustained anticipation, market analyst Crypto Patel recently identified three important gaps that could play a major role in XRP’s upward push. For context, these gaps represent support regions that the bears could fill before XRP observes a decisive run.

In his latest analysis, Crypto Patel spotlighted the daily chart, asserting that XRP might still witness steeper declines. According to Patel, these declines could push XRP to three support price gaps, specifically at $1.712 to $1.545 (Gap 1), $1.00 to $0.9268 (Gap 2), and $0.772 to $0.64 (Gap 3). 

XRP 1D Chart Crypto Patel
XRP 1D Chart | Crypto Patel

The analyst expects XRP to recover from the ongoing massive pullback, setting a near-term target of $5+. However, he believes that before XRP records this forthcoming recovery, the asset is likely to fill Gap 1, which lies between $1.712 and $1.545.

Steeper Crash to Gaps 2 and 3

With XRP changing hands at $2.45, a drop to this level would represent a further 30% to 37% crash. Nonetheless, Crypto Patel suggested that an overview of XRP’s technical structure and its Fibonacci levels indicate that it is highly possible a further drop to the next two gaps could materialize.

For context, the Fibonacci 0.618 retracement level aligns with Gap 2, between $1 and $0.9268. Meanwhile, Gap 3, around the $0.772 to $0.64 range, syncs with Fibonacci 0.786. 

According to Patel, if XRP drops to the Fibonacci retracement levels between 0.618 and 0.786, essentially reaching Gaps 2 and 3, this downward move would trigger a massive recovery push from the bulls. He identified this region as an important confluence zone for swing traders and long-term holders.

Overall, the analyst believes Gaps 1 to 3 represent areas of high liquidity. This indicates that the regions present an ideal buy opportunity for investors looking to accumulate XRP safely.

Notably, besides Crypto Patel, other market watchers believe XRP will recover from the downturn but advise patience. For instance, pundit Armando Pantoja suggested that a 10x rise for XRP would come, but not in 24 hours. 

In addition, Black Swan Capitalist co-founder Vandell Aljarrah questioned why some were selling now, asserting XRP could reach double digits this year. For now, XRP currently trades for $2.45, up 2.88% over the past 24 hours and 5.72% in the last week.

Shiba Inu Team Explains Why SHIB is Suitable for an ETF

Lele Jima
-
0
Shiba Inu Team Explains Why SHIB is Suitable for an ETF

The Shiba Inu ecosystem team makes a case for why SHIB is a suitable asset for a spot exchange-traded fund (ETF).  

Shiba Inu has gained immense popularity across the crypto market, ranking as the 17th-biggest token by market cap. However, despite its growing popularity, no asset manager has filed to launch a SHIB ETF in the United States. 

This development has triggered concerns among several Shiba Inu proponents, given that top asset managers are seeking to launch spot ETFs for other meme coins like Dogecoin (DOGE) and new entrant Official Trump (TRUMP). 

As a result, Shiba Inu’s ecosystem team and community members have launched a campaign to highlight stating why SHIB is a suitable candidate for an ETF. 

Why SHIB is a Good Fit for an ETF 

In an X thread yesterday, Shiba Inu’s marketing lead, Lucie, intensified the campaign, explaining why SHIB is good for an ETF. 

Widespread Accessibility 

Lucie emphasized that trading SHIB is easy as the token is available on major trading platforms. According to the marketing lead, SHIB has secured listing on over 110 crypto exchanges under 212 trading pairs, including SHIB/USDT and SHIB/BTC. 

Firms seeking to launch ETFs usually consider assets with easy accessibility and high liquidity. As a result, Lucie believes Shiba Inu’s broad presence on multiple trading platforms should strengthen its case for an ETF.

SHIB Evolution 

In addition, Lucie indicated that SHIB has evolved over the years from its meme coin origins to a decentralized and community-driven project, adding that it is built to last for the long term. 

Based on these features, the marketing lead believes boomers–mostly traditional investors–will invest in SHIB. These investors are usually focused on assets like stocks built to stand the test of time and not those that might disappear overnight. 

Specifically, Lucie’s portrayal of SHIB as an asset engineered for longevity could alleviate concerns among boomers regarding its long-term prospects. 

No Manipulation 

Lucie further stressed that manipulating the price of SHIB is nearly impossible. According to her, anyone who can successfully manipulate SHIB must be a billionaire. She suggested that any entity that succeeds in manipulating SHIB’s price can also influence Bitcoin’s performance. 

In her view, SHIB is not a random low-cap token that a single party can influence. She claimed that the token is decentralized and resilient, suggesting it can quickly recover from anything, particularly market downturns. 

Community-Centered Growth 

Furthermore, the marketing lead argued that SHIB does not rely on anyone to thrive. She suggested that Shiba Inu has an open ecosystem that allows anyone to build around SHIB, paving the way for its continuous innovation. 

According to Lucie, Shiba Inu’s decentralized nature makes it easier for the asset to continue thriving irrespective of ‘who comes or goes.’

Although Shiba Inu does not have an ETF filing yet, the token has a high approval odd. This is due to the SEC’s recent declaration that meme coins are not securities–a key factor that bolsters SHIB’s potential approval for an ETF. 

Expert Says US Selling Gold to Fund Bitcoin Purchases Will Be Huge

Abdulkarim Abdulwahab
-
0
Expert Says US Selling Gold to Fund Bitcoin Purchases Will Be Huge

Crypto industry commentators believe the proposition for the U.S. to leverage its gold holdings to acquire Bitcoin is advantageous, even for altcoins.

This came after Bo Hines, the director of the Presidential Working Group for Crypto Assets, hinted that reassessing the value of the government’s gold to acquire Bitcoin with the gains was one of the budget-neutral options the government is exploring in its pursuit of a BTC reserve.

Hines shared this perspective during an interview with Crypto In America podcast host Eleanor Terrett. During the conversation, Hines cited the Bitcoin Act 2025, introduced by Senator Cynthia Lummis, which aims for the U.S. to accumulate 1 million BTC tokens. The plan would fund this acquisition by reassessing gold certificates held by the Federal Reserve.

Hines noted that U.S. gold certificates have surged significantly in value over the past several years since they were last categorized. He mentioned that if the government realizes those accrued gains, it will allow them to acquire more Bitcoin without impacting taxpayer money.

This confirmation from a senior official at the White House has sparked excitement in the crypto community.

Gold for Bitcoin “Will Be Huge”

“Selling gold to buy Bitcoin would be huge,” said Dom Kwok, a former Investment Banking Analyst for Goldman Sachs, although the reassessment does not necessarily translate to selling gold. According to Kwok, such a move would also pave the way for the U.S. government to acquire other crypto assets down the line.

However, it is worth noting that Trump’s executive order to establish Bitcoin and altcoin holdings specified that no further altcoin acquisitions would be made. Only Bitcoin would see further acquisition, and even that would be done in budget-neutral ways.

However, there is skepticism about the U.S. using gold to buy Bitcoin. One community member, Stratlonesoldier, expressed that he would rather the U.S. spend taxpayer money to purchase Bitcoin than use the gold reserves to buy BTC.

China and Russia to Buy U.S. Gold to Back Stablecoins

Max Keiser, a Presidential Bitcoin advisor for El Salvador, also commented on the development. According to Keiser, Russia and China would buy any gold the U.S. sells to back a new gold-backed stablecoin.

Meanwhile, he noted that these two countries would also be adding BTC to their strategic reserves. Keiser argued that the potential buyback of gold from the U.S. would reduce the world’s reliance on USD hegemony.

“A gold-backed stablecoin and having the world’s biggest Bitcoin strategic reserve is the plan,” Keiser said.

Meanwhile, President Trump seeks to make dollar-backed stablecoins even more dominant than they currently are.

Bitcoin Eyes Breakout, Arthur Hayes Predicts $110K Target

Albert Brown
-
0
Bitcoin Eyes Breakout, Arthur Hayes Predicts $110K Target

Bitcoin (BTC) is nearing a potential trendline breakout, with the possibility of surging to $95K, while long-term targets extend to $110K.

Bitcoin has surpassed $87,000, marking a bullish start to the week. In the past 24 hours, the leading cryptocurrency has surged by nearly 4%.

This bullish recovery has moved past the 200-day EMA line and is testing a long-standing resistance trendline. Will this short-term recovery result in a breakout rally that pushes Bitcoin to the $95,000 level?

Bitcoin Price Analysis Signals Potential Breakout Rally Ahead

In the daily chart, the BTC price trend showcases a V-shaped reversal gaining momentum. The recovery run, starting from the recent downswing low at the $76,600 mark, has accounted for a recovery of nearly 14%. 

Bitcoin Price Analysis
Bitcoin Price Analysis

As per the Fibonacci levels, the recovery run has reclaimed the 61.80% Fibonacci level at $86,146. Currently, Bitcoin trades at a market of $87,182, marking its second consecutive bullish candle. 

Amid the positive trend, the daily RSI line showcases a surge in bullish momentum as it resurfaces above the halfway line. Additionally, the short-term recovery is hinting at a positive crossover between the recently converged 20-day and 200-day EMA lines.

However, the medium-term trend remains negative due to the negative crossover between the 50-day and 100-day EMA lines.

Arthur Hayes Predicts Bitcoin to Hit $110K

Amid the ongoing recovery, Arthur Hayes, co-founder of BitMEX, predicts that Bitcoin will reach $110,000 before retesting crucial support at $76,500. Hayes anticipates this bullish rally, fueled by a shift in the Federal Reserve’s stance from quantitative tightening (QT) to quantitative easing (QE) for U.S. Treasuries.

He disregards the ongoing tariff wars, calling them “transitory inflation” in the global markets.

 

Metaplanet Adds More BTC

MetaPlanet, the Japanese counterpart of Strategy (formerly MicroStrategy), has recently added $12.6 million worth of Bitcoin to its holdings. This move follows the appointment of Eric Trump to its advisory board.

MetaPlanet now holds 3,350 BTC, worth $291.3 million. With institutional support and favorable macroeconomic conditions for Bitcoin, the uptrend is likely to continue gaining momentum.

Market Takes a Holding Stance

On the network side, crypto analyst Ali Martinez has pointed out a significant shift in Bitcoin’s transfer volume. Over the past month, the total transfer volume has nearly halved, dropping from $87 billion to $42 billion.

This substantial decline in transfer volume suggests that market sentiment has shifted towards a holding stance.

Image

Bitcoin Price Targets Extend to $95K in the Short-Term

The immediate price target for Bitcoin is the 78.6% Fibonacci level, close to the $95,000 mark, which represents an upside potential of around 10%. On the downside, crucial support levels are at the $85,000 mark and near the 200-day EMA line.

Rich Dad Poor Dad Author Robert Kiyosaki Says Bitcoin Is the Biggest Opportunity in History

Elendu Benedict
-
0
Rich Dad Poor Dad Author Robert Kiyosaki Says Bitcoin Is the Biggest Opportunity in History

Robert Kiyosaki has branded Bitcoin the biggest opportunity in history, maintaining that a conservative disposition towards the asset is a financial mistake.

Often vocal about Bitcoin’s glaring potential, Kiyosaki has recently echoed the financially rewarding prowess of the largest cryptocurrency by market cap. The Rich Dad Poor Dad author earlier revealed that Bitcoin made him rich, and today, he has insisted that the pioneering cryptocurrency is the biggest financial opportunity in history.

Bitcoin: The Easiest Route to Riches

In a tweet today, Kiyosaki highlighted what he believes differentiates the wealthy from the poor: fear of making mistakes (FOMM). The real estate mogul noted that the overly cautious attribute of certain people in making financial mistakes keeps them poor.

For instance, he stated that Bitcoin is the easiest route to financial eloquence, yet people deem it too risky to invest in. As a result, he suggested that those with the FOMM syndrome will miss the “greatest wealth creations” in history.

Kiyosaki highlighted that those taught in school and by Wall Street to play it safe and avoid life-changing assets like Bitcoin would remain poor as the financial sector continues to evolve.

Moreover, he advised his over 2.7 million followers to listen to prominent pro-Bitcoin personalities like Michael Saylor, Samson Mow, and Max Keiser, as well as those skeptical about the asset class, and then decide.

However, the seasoned author stated that those who invested in Bitcoin due to fear of missing out (FOMO) will eventually amass generational wealth. This is because he expects the asset to reach unprecedented highs in the short and long terms.

Kiyosaki Says Bitcoin to $200,000 by Year-End

Furthermore, Kiyosaki predicted that Bitcoin will surpass $200,000 this year, a staggering 130% surge from the current price. He stated that at the price mark, the FOMM crowd would deem Bitcoin too expensive to acquire.

Moreover, the assertion aligns with his earlier statement that the pioneering cryptocurrency will trade between $175,000 and $350,000 by the end of the year. Interestingly, Kiyosaki’s bullish stance comes despite growing speculations that Bitcoin’s bull cycle is over.

In the long term, the investment advisor expects Bitcoin to hit an ambitious $1 million per coin. According to him, the crypto firstborn could attain the price mark before the end of the decade, echoing assertions from other prominent market analysts.

In the meantime, Bitcoin trades at $87,115, up 3.5% in the past 24 hours.

Unknown Shiba Inu User Burns 1,000,000,000 SHIB As Burn Rate Soars 8,470%

Lele Jima
-
0
Unknown Shiba Inu User Burns 1,000,000,000 SHIB As Burn Rate Soars 8,470%

Shiba Inu burn rate spikes 8,470% as an anonymous user incinerates 1 billion SHIB tokens in a single transaction. 

Community-driven Shiba Inu burn tracker Shibburn indexed the latest transaction yesterday, confirming that 1 billion SHIB tokens moved to the official dead wallet from an unknown address, ‘0x55B…182E3’.

With SHIB currently changing hands at $0.00001305, the dollar value of the 1 billion tokens is worth $13,050. On-chain data indicates that the transaction happened yesterday at 14:55 (UTC). 

A Regular SHIB Arsonist 

While the identity of the user behind the transaction remains unknown at press time, data from Etherscan suggests that the owner of the affiliated wallet has previously burned SHIB tokens. 

For instance, on March 15, the wallet transferred 1 billion SHIB to the dead wallet. Meanwhile, before the March 15 transaction, the last time the user burned SHIB was on August 7, 2024, when they incinerated 1 billion SHIB in a single transaction. 

They also burned 700 million SHIB tokens on February 10, 2024. Despite these hefty burns, the wallet still has a balance of 1 billion SHIB, currently worth $13,050. 

Shiba Inu Burn Rate Spikes 8,470% 

Besides the latest burn from ‘0x55B…182E3’ other Shiba Inu community members also sent some tokens to the dead wallet. Shibburn data shows that the community burned 1,004,897,157 (1.004 billion) SHIB yesterday via 14 transactions. 

The team behind ShibArmyStrong (SAS), an ERC-20 token, initiated five of these transactions, burning 20,933 SHIB in the process. With 1,004,897,157 SHIB burned in 24 hours, Shiba Inu’s burn rate spiked by 8,470%. 

Shiba Inu Burn Campaign 

The latest burn is part of efforts to drastically reduce SHIB’s circulating supply, with the aim of boosting the value of the remaining tokens in the long term. 

So far, over 410.74 trillion SHIB have gone up in flames. Besides individual burns, other Shiba Inu ecosystem projects, particularly Shibarium, also contribute to the ongoing burn efforts. 

Since its inception in August 2023, Shibarium has successfully destroyed over 50 billion SHIB tokens. These tokens were burned using a portion of Shibarium transaction fees. While the team initially burned most of these tokens manually, it has automated the process since August 2024, burning over 700 million SHIB tokens. 

Here are Key Factors That May Take XRP Above $100

Sam Wisdom Raphael
-
0
Here are Key Factors That May Take XRP Above $100

Several factors, such as the launch of XRP ETFs, greater institutional demand, and a thriving regulatory environment, could help push XRP to three digits.

XRP continues to battle the bears around the $2.45 resistance despite recent bullish developments. This is largely due to the broader market uncertainty, as Bitcoin (BTC) remains tethered at $87K. Nonetheless, analysts expect the recovery run to push XRP to new all-time highs.

Interestingly, some market commentators like Armando Pantoja have predicted a possible rally to $100. While such a substantial rise may seem ambitious, a combination of key factors could potentially drive XRP toward this target in the coming years.

Resolution of the SEC Lawsuit

The legal case between the U.S. Securities and Exchange Commission (SEC) and Ripple has been a major overhang for XRP. The SEC had accused Ripple of conducting an unregistered securities offering through its sale of XRP. 

However, recent developments indicate that the SEC has officially dropped its case against Ripple. CEO Brad Garlinghouse confirmed this resolution, marking a pivotal victory for the company and the broader cryptocurrency industry. 

This outcome will remove any remaining legal uncertainties surrounding XRP once Ripple accepts the terms and officially ends the case. With this lawsuit out of the way, institutional investors could be bold enough to handle XRP, contributing to demand.

Launch of XRP ETFs

The approval and launch of XRP exchange-traded funds (ETFs) could boost the XRP’s accessibility to institutional and retail investors, especially as the Ripple lawsuit comes to a definite close.

Several firms, including Grayscale, WisdomTree, 21Shares, and Canary Capital, have filed applications with the SEC to introduce XRP ETFs. The SEC has acknowledged filings for some of these products.

These ETFs seek to provide investors with regulated and straightforward exposure to XRP without the complexities of directly managing the asset. The approval of the products will likely increase demand for XRP, boost liquidity, and contribute to more stable price discovery mechanisms. 

Ripple’s Escrow Strategy

Following President Donald Trump’s confirmation that XRP would secure inclusion in the U.S. government’s digital asset stockpile, speculations have emerged around Ripple donating a portion of its escrow to bolster this stockpile.

Notably, Ripple currently holds 37.1 billion XRP in escrow. If the firm donates a substantial portion of this escrowed XRP to the U.S. government’s digital asset reserves, it could serve multiple purposes. 

Such a move would show Ripple’s commitment to supporting national interests and potentially lead to stronger regulatory relationships. The subsequent demand from this move would exert upward pressure on XRP’s price over time.

Institutional Adoption Driven by Regulatory Clarity

The conclusion of the SEC lawsuit and the anticipated approval of XRP ETFs contribute to a cleaner regulatory environment for XRP. This clarity will likely encourage institutional investors to engage more confidently with XRP, integrating it into various financial products and services. 

Increased institutional adoption can lead to higher transaction volumes, greater liquidity, and market stability for XRP. Notably, these are factors that could contribute to larger price growth.

Can XRP Reach $100?

In the short term, XRP price growth remains largely subdued, currently trading at $2.45. At the current price, a run to $100 would demand a massive increase of about 3,932%. 

Achieving this price point would elevate XRP’s market cap to around $5.8 trillion, surpassing the current total cryptocurrency market cap of $2.81 trillion. Considering this resulting valuation, skeptics argue that reaching a $100 valuation for XRP is unrealistic. 

However, the crypto market has witnessed unprecedented growth in the past. For instance, Bitcoin, which traded for mere pennies over a decade ago, has soared to over $84,000, achieving a market cap exceeding $1 trillion. This confirms that under the right conditions, XRP can reach $100 in the coming years.

Expert Explains How Much XRP You Need to Own to Become an XRP Millionaire

Abdulkarim Abdulwahab
-
0
Expert Explains How Much XRP You Need to Own to Become an XRP Millionaire

In a recent video, crypto expert and investor Austin Hilton shared valuable insights on how much XRP one would need to own to become a millionaire.

Hilton discussed the potential for massive gains with the crypto market experiencing fluctuations. He emphasized that the current downturn in the crypto market, including XRP’s 17% decline, is likely a short-term issue. He attributed it to broader economic uncertainties such as inflation and market doubt.

Hilton believes that the future of XRP and the entire crypto market looks incredibly bright. Specifically, he predicted that XRP could see explosive growth over the next few years, potentially increasing by 10x, 30x, or even 40x as mass adoption of cryptocurrencies continues to gain momentum.

To help viewers understand how they could reach XRP millionaire status, Hilton presented a free tool that can calculate potential profits.

Using a Crypto Profit Calculator to Estimate XRP Earnings

Using a crypto profit calculator, investors can input their buy price, investment amount, and expected sell price to estimate their future gains. 

For example, if an investor bought XRP at $0.25 and sold it at today’s price of $2.31, they could profit $82,400 from a $10,000 investment.

Notably, this portfolio holds 40,000 XRP tokens. Hilton also noted that if this same portfolio’s potential profit is estimated at $5 per XRP, it would result in a profit of $190,000, with a total exit value of $200,000.

Estimating Millionaire Status

So, how does one estimate the path to becoming a millionaire? Hilton suggested using a $20 price for XRP. This would give a $790,000 profit from the original $10,000 investment.

And if XRP hits $30, an investor could become a millionaire from the original $10K investment, as the portfolio would now be worth $1.2 million. 

However, it’s important to note that, at today’s price, a $10,000 investment wouldn’t secure 40,000 XRP tokens.

Instead, to position for a potential $1 million return with a target price of $30 per XRP, an investor would need to hold 33,334 XRP. As of today, acquiring these 33,334 XRP tokens would cost approximately $77,000.

Realistic Projections for XRP’s Price Growth

Hilton also shared “realistic” projections for XRP’s price growth, considering factors like market cap and overall crypto market growth.

He pointed out that if XRP reached $30, it would result in a $1.7 trillion market cap. According to him, this is entirely possible within the next few years, given the expected growth of the global crypto market, which could reach $30–50 trillion.

While Hilton doesn’t anticipate XRP reaching these high numbers overnight, he believes that a 10x price increase is achievable over 4–5 years.

According to him, this makes the goal of becoming an XRP millionaire very attainable for those who are patient and invest wisely.

1...849850851...2,651Page 850 of 2,651