- Crypto expert Sommi advocates long-term XRP ownership over trading, citing significant gains.
- A $100,000 XRP investment in 2018 grew to $170,000 by 2022, contrasting with a 76% loss in trading.
- Investors should align their approach with their comfort level, considering cases like Ripple CTO’s 10,450% ROI from XRP HODLing.
One prominent crypto influencer, Sommi, has recently made a compelling case for the merits of long-term XRP ownership, emphasizing the significant gains that can be reaped by HODLing instead of trading.
Sommi’s argument centers on a striking investment case that saw a $100,000 initial stake in XRP in late 2018 balloon to an impressive $170,000 by March 2022. This astounding 70% increase is a testament to the allure of holding onto your XRP assets over an extended period.
What sets Sommi’s argument apart is his comparison to trading. He highlights that if one had attempted to trade XRP within the same timeframe using a specific indicator, they would have witnessed a painful 76% decline in their initial investment, leaving them with a discouraging $24,000.
However, it’s essential to note that Sommi’s analysis relies on an older XRP chart, and the current market conditions have evolved since then. At the time of writing, XRP trades at $0.5231, marking a 27.56% decrease from its March 2022 peak of $0.7215. Despite this dip, the long-term investment remains considerably profitable, with a current worth exceeding $124,000.
Sommi’s case for HODLing isn’t isolated. Ripple’s Chief Technology Officer, David Schwartz, recently shared a remarkable success story. His father invested $5,000 in over 1 million XRP in 2013; each XRP was worth $0.005. Today, that investment would be valued at a staggering $527,000, representing a remarkable 10,450% return on investment (ROI).
