Bitcoin is coming off an all-time high of just under $20,000 and now trades at $8,200. In case Bitcoin returned to its previous all-time highs, investors that would purchase today will receive an ROI of 140%. Not bad.
But there are also other crypto currencies that have the potential for bigger ROI in case they return to their all-time highs. Investors may want to take a closer look at Ripple’s XRP. Currently trading around $0.70, coming off on an all-time high of just over $3.30, XRP has the potential of a 300% return.
XRP is Ripple’s cryptocurrency that can be used as a payment method, making it much easier for banks and other institutions to send money around the world. It helps reducing the cost of moving large sums of money on a global scale. The idea is for a person, for example in the United States to convert his/her USD into XRP and send it to the recipient to be converted back to the currency of their choice.
As the crypto-market gains more confidence, Ripple’s valuation should grow in tandem with the overall value of the cryptocurrency market. Ripple to date is trading around $0.70, whilst its all-time highs were closer to $3.30, marking a potential 5.44x growth. Bitcoin has around 1-1.5x, comparing its current price to previous all-time highs. Compared to Bitcoin, Ripple’s XRP is cheap and it attracts more retail investors with smaller accounts, therefore any bull moves in the crypto-market favors Ripple.
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MOST TRADED ASSETS
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EUR/USD
1.05
Trade+0.09% -
USD/JPY
154.37
Trade+0.19% -
AUD/USD
0.65
Trade-0.38% -
GBP/JPY
194.24
Trade+0.08% -
GBP/USD
1.26
Trade-0.11%
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Shopify Inc.
106.97
Trade-0.13% -
Tesla, Inc.
352.42
Trade+3.6% -
NVIDIA Corporation
141.89
Trade-2.91% -
Amazon.com, Inc.
197.1
Trade-0.68% -
Coinbase Global, Inc.
304.49
Trade+3.7%
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Gold
2672.37
Trade-1.79% -
Crude Oil WTI
70.71
Trade-0.64% -
Crude Oil Brent
74.29
Trade-0.57% -
Silver
30.76
Trade-2.05% -
Natural Gas
3.43
Trade-1.95%
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US 100
20891.83
Trade+0.14% -
GER 30
19395.95
Trade+0.04% -
US 30
44615.5
Trade+0.19% -
US 500
6002.6
Trade+0.1% -
JP 225
38765.5
Trade+0.01%
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Valkyrie Bitcoin Fund (BRRR)
28.1
Trade+1.68% -
20+ Year Treasury Bond ETF
90.39
Trade-0.11% -
Bitwise Bitcoin ETF (BITB)
54.06
Trade+1.68% -
S&P 500 ETF
595.51
Trade+0.34% -
Daily Junior Gold Miners Index
45.06
Trade-0.85%
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