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<ul>
 <li>Crypto expert Sommi advocates long-term XRP ownership over trading, citing significant gains.</li>
 <li>A $100,000 XRP investment in 2018 grew to $170,000 by 2022, contrasting with a 76% loss in trading.</li>
 <li>Investors should align their approach with their comfort level, considering cases like Ripple CTO’s 10,450% ROI from XRP HODLing.</li>
</ul>
<p>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.</p>
<p>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.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2764.png" alt="❤" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f49b.png" alt="💛" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f49a.png" alt="💚" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f499.png" alt="💙" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>I used an indicator out there which people think will get them to outperform holding via trading.<br><br>It only benefits you, if you know which Altcoin will go Really Well in the next few years.<br><br>That's a skill itself, and luck + gambling.<br><br>XRP starting $100k capital worth… <a href="https://t.co/fcOCEesidK" rel="noopener noreferrer nofollow">pic.twitter.com/fcOCEesidK</a></p>— yourfriendSOMMI <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2764.png" alt="❤" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f49b.png" alt="💛" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f49a.png" alt="💚" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f499.png" alt="💙" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@yourfriendSOMMI) <a href="https://twitter.com/yourfriendSOMMI/status/1709710079157494201?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 4, 2023</a>
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<p>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.&nbsp;</p>
<p>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.</p>
<p>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).</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/70-roi-why-long-term-hodling-of-xrp-might-be-the-best-crypto-strategy/">70% ROI: Why Long-Term HODLing of XRP Might Be the Best Crypto Strategy</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

70% ROI: Why Long-Term HODLing of XRP Might Be the Best Crypto Strategy

Crypto News Land

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