If you have already invested in the cryptocurrency market or are a newbie, chances are high that you might have heard about Ripple’s XRP. It is among the most widely discussed cryptocurrencies, with a market capitalization of nearly $87 billion. If you are watching the charts and ticker for days, and you’re wondering if it’s too early or too late to enter the altcoin, we’ve got you covered.
Why Some Investors Believe It’s Still Early
XRP maxis argue that the cryptocurrency market, despite being more than a decade old, is still in its nascent stage. It is yet to be widely adopted and has only reached a smaller section of society. Cryptocurrency investment and adoption have not reached the common man on the streets yet. Data published by a research company shows that only 6.8% of the world’s population has invested in cryptos in some form.
Therefore, only 562 million people own cryptocurrencies out of the 8.3 billion global population. According to the XRP maxis, these numbers are too small; therefore, the market is still in its early stages. The more years pass by, the more there is an increase in adoption for XRP and other altcoins.
Also Read: This Exact XRP Price Crash Pattern Once Triggered an 835% Rally
Why Some Investors Say It Is Already Late
Several commentators believe that XRP’s potential has already priced in. They argue that XRP is not a new altcoin and has been in the market for a decade. It has experienced multiple rallies and dips, but its growth has been limited for its timeframe. It is already a widely known altcoin, and despite its fame, it has failed to climb above the $4 mark. This means that future growth may also be slower, and investors will have to wait for decades to see profits.
The Bottom Line and Middle Ground
XRP is not too old and not too young in the cryptocurrency market either. It now boils down to the risk tolerance of the investors and how long they are willing to hold on to the token. The time horizon seems long, and only those who can afford to wait can clock in. Short-term price movements are unpredictable, and a long-term horizon requires adoption. Risk tolerance is now more important than being early or late hereon.
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