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Cryptocurrency analysts have calculated how many XRP tokens you need to buy to become a millionaire
The community of XRP cryptocurrency supporters is waiting for the token’s holders to become millionaires, pinning their hopes on various facts. Among them: the decision of regulators, a bull market, and increased business activity of Ripple. Crypto enthusiasts have even calculated the optimal number of XRP tokens that an investor needs to buy to become a millionaire.
As one of the users noted, to develop this figure, you need to compare the projected value of XRP with a single target payout, which in this case is $ 3.84 versus $ 1 million. Next, we need to divide $ 1,000,000 by $ 3.84, and we get 260,416 XRP. Thus, having a minimum of 260,416 XRP will allow the user to reach the status of a millionaire when the price of the token reaches the $ 3.84 mark.
Cryptocurrency experts say that XRP will return and surpass its 2018 all-time high when the bull market resumes. «Looking forward to the bull run, XRP investors should pursue smart investment strategies to capitalize on the expected move to $ 3.84 ATH,» the analysts emphasized.
In an optimistic forecast for the next year, the artificial intelligence tool said that XRP could potentially reach between $ 1.50 and $ 2.50 in 2024. «This assumes the resolution of the SEC lawsuit, wider adoption of Ripple technology by financial institutions, and a bullish crypto market,» the AI emphasized.
By 2028, the popular cryptocurrency could witness an impressive growth of $ 5 to $ 10. This is due to «successful adoption in cross-border payments, wider integration with blockchain, and a mature crypto ecosystem,» ChatGPT noted. In a less optimistic scenario, by 2028, altcoin could be trading between $ 2.5 and $ 4 amid potential regulatory issues and unexpected technological failures.
However, according to more cautious forecasts, ChatGPT does not see XRP rising above $ 10 in 2032 and $ 20 in 2050, especially if more advanced technologies emerge and regulatory authorities constantly monitor it.