Market Data Confirms XRP’s Performance
Despite years of underperformance, XRP has outperformed both the S&P 500 and NASDAQ 100 over the past decade.
Concerns Over XRP’s Years of Underperformance
After reaching an all-time high of $3.8 in January 2018, XRP collapsed. It attempted multiple recoveries but failed to surpass resistance points and missed the 2021 bull run, peaking at only $1.96.
Critics, including Raoul Pal, warned that it might miss the current bull run as well. Yet XRP has rallied to over $2, raising questions about its perceived lack of progress since 2018.
XRP Outperforms the S&P 500 and the NASDAQ 100
While the S&P 500 and NASDAQ 100 have been praised for their returns, XRP has outperformed both over a 10-year span.
- The NASDAQ 100 traded for $4,588 in June 2015 and now sits at $22,447, marking a 389% gain.
- The S&P 500, trading at $2,063 in June 2015, now trades for $6,141, representing a 197% increase.
- In contrast, XRP traded for as low as $0.011 in June 2015 and is now valued at $2.1, reflecting a staggering 18,990% increase over the decade.
For perspective, a $10,000 investment in:
– The S&P 500 would be worth $29,700 today.
– The NASDAQ 100 would be worth $48,900.
– XRP would be worth $1.9 million.
This shows XRP’s gains of 6,312% against the S&P 500 and 3,801% against the NASDAQ 100 over the past ten years.
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