Is XRP (Ripple) a Millionaire Maker?

Core Viewpoint - XRP, created by Ripple Labs, has seen a price increase of over 400% in the past three years, but the potential for it to create millionaires is unlikely due to its already high market cap of approximately $125 billion [2][5]. Group 1: Market Performance and Investment Strategy - XRP's value has fluctuated significantly, similar to other cryptocurrencies, but its substantial price increase over the last three years raises questions about future potential [2]. - Many crypto investors are not adopting long-term investment strategies, instead hoping for quick gains, which resembles gambling rather than investing [4]. - To become a millionaire with XRP, an initial investment of $20,000 would need to increase 50 times, requiring XRP's market cap to rise to over $6.2 trillion, which is highly improbable [5]. Group 2: Optimism and Future Potential - Despite the challenges in becoming a millionaire through XRP, there are reasons to consider holding the coin, such as the recent launch of an XRP exchange-traded fund (ETF) that facilitates investment [6]. - Cryptocurrency ETFs have historically benefited Bitcoin and Ethereum, attracting significant investments, and the XRP ETF could similarly drive price increases as more investors engage with cryptocurrency [7]. - Ripple's recent $500 million capital funding round, backed by major Wall Street firms, indicates growing interest from traditional financial institutions in the potential value of XRP [9].