[ad_1]
Determine the XRP needed to cash in $1M, $5M, $7M, and $10M with XRP trading at $5 or $10, calculating your crypto investment goals with precision.
According to data from CoinMarketCap, XRP is one of the top trending digital assets on the market. Crypto market participants bought and sold over half a billion dollars worth of XRP in the past 24 hours. This positive activity has put XRP at $0.5228, with more bullish prices to look out for.
Multiple analysts have asserted that XRP is poised to reach and exceed the $5 mark in a full-blow bull market. Aside from analytical-based projections, financial experts have similarly argued the possibility of XRP trading in significant double-digit values.
Such a scenario can potentially transform prominent XRP holders into millionaires. However, to become an XRP millionaire, one of the strategies involves determining the adequate amount of the digital asset to hold.
– Advertisement –
XRP Needed to Make $1M, $5M, $7M, $10M if XRP Hits $5
One must consider two factors to determine the amount of XRP required to net $1,000,000 or higher. It includes the desired XRP value and the target lump sum, which, in this case, is $5 XRP against $1M, $5M, $7M, and $10M.
Calculating for these values implies dividing $1,000,000 by $5, resulting in 200,000 XRP. Therefore, an XRP enthusiast must hold 200,000 XRP to make $1M when XRP reaches $5. Considering the current trading price of XRP at $0.5228, acquiring 200,000 XRP would cost $104,560.
Similarly, to make five million dollars from XRP, an investor must hold one million units of the digital asset. At the current market price, 1M XRP costs $522.8k.
On the other hand, making $7 or $10 million from XRP at $5 requires a more substantial commitment. For $7 million, an investor must acquire 1,400,000 XRP at the current market value of $731,920.
Similarly, to make $10 million off XRP when it trades at $5, an investor must buy two million units of XRP now. This large sum is worth $1.045 million.
While these figures may appear a pricey initial investment, achieving the portfolio targets translates to a growth of nearly 1,000% on the XRP investment.
Amount Needed if XRP Hits $10
In the scenario where XRP breaks a double-digit pattern, as experts have projected, holders potentially position themselves for a higher return on investment. However, unlike the scenario for XRP reaching $5, an investor needs a lesser commitment for XRP at $10.
In particular, a person targeting $1M when XRP trades at $10 will buy only 100k XRP tokens. This costs only half the price: $52,280. The maths follow for other investment targets.
To make $5 million, an investor needs 500k units of the digital asset, which costs $261,400. Likewise, for $7 million, you must obtain 700k XRP worth $365,960 at the current market value.
The crypto investor targeting to make $10 million off XRP must commit over half a billion dollars to his portfolio as he needs one million units of the digital asset.
Follow Us on Twitter and Facebook.
Disclaimer: 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’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
-Advertisement-
[ad_2]
Source link