95% of XRP holders may be left out
The rapid increase in the price of XRP is creating a new dilemma: small holders are being left out of the market, and the situation is only getting more complicated.
Crypto analyst Edoardo Farina, founder of Alpha Lions Academy, recently highlighted that as the price of XRP continues to rise, 95% of holders may find it difficult to keep up.
An increasing barrier to entry in XRP: a growing concern
A few months ago, to be among the top 10% of XRP holders, it took just 3,000 XRP, which at that time was worth around $1,500. Nowadays, that same threshold has been reduced to 2,500 XRP, but its cost has skyrocketed to an astonishing $6,500 due to price appreciation.
With the long-term value of XRP projected to reach into the thousands, the cost to accumulate a significant amount will only increase, making it harder for small investors to maintain or increase their holdings.
Poor key management: Many people lose the keys to their wallets and remain permanently locked out of their assets.
Falling for scams: Scammers trick people with false promises of airdrops, phishing links, and impersonations, causing them to reveal their private keys or send XRP under false pretenses.
Selling too soon: Some sell too quickly to secure a temporary profit and miss out on the potential for each XRP to reach values of a thousand dollars in the future. Farina advises being patient and sticking to a long-term strategy.
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