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11 months ago
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ARTICLE AD BOX
The post How Much Growth is Needed For XRP, SHIB & NUGX to Make $1 Million from a $1000 Investment? appeared first on Coinpedia Fintech News
TLDR
- XRP will have to be worth $630 to make $1 million from a $1,000 investment.
- Shiba Inu will be worth $0.0099 with a market size of $5.82 trillion to make $1 million from a $1,000 investment.
- NuggetRush’s future price will have to be $20, with a market size of $10 billion, to make $1 million, which is achievable.
We are constantly on the lookout for the next 100x gem. After all, don’t we all want to be a million-dollar richer? While it sounds exciting, it begs the question: do all cryptocurrencies have the potential to give such returns?
In this post, we will use Ripple (XRP), Shiba Inu (SHIB), and NuggetRush (NUGX) as case studies. Which is more likely to give you your desired return, and how much growth is needed? This article will answer these questions, so continue reading.
NuggetRush (NUGX): A Low-Cap Promising Investment
As a top ICO, NuggetRush (NUGX) has staggering growth potential. It also stands out for its unique concept, which is a blend of P2E (play-to-earn) and memes. In the third stage of its ICO, a token costs just $0.013. However, its listing price will be $0.02.
The million-dollar question—quite literally—is: How does one make $1 million from a $1,000 NUGX investment? From its listing price, the price will be $20.00 to make one million dollars from a $1,000 investment. Its market cap will also rise to $10 billion—pretty low. This is achievable, which makes it the best crypto investment now.
Ripple (XRP): Is One Million Dollars Possible From a $1k Investment?
If you are searching for which crypto to buy today for the long term, you may consider XRP. After all, it is one of the top altcoins on the market. At the time of publication, XRP costs $0.63 per token. Back to the main question: can a $1,000 investment become one million dollars?
To reach this milestone, XRP would need to be priced at $630 per token, which is remotely impossible if it is possible at all. That isn’t all.
Shiba Inu (SHIB): Is it a Promising Investment Now?
Shiba Inu (SHIB) stands out as one of the most popular memecoins. Although it is one of the best coins to invest in, is it as promising? While memecoins are characterized by explosive growth, can SHIB experience a 1,000x increase?
At the moment, Shiba Inu costs $0.0000099. You might be tempted to say, Yes, it can surge a thousand times. However, for you to turn a $1,000 investment into $1 million, Shiba Inu would need to undergo explosive growth. To put this in perspective, three zeros would need to be deleted. This is remotely impossible, given its past growth.
Conclusion
In light of the discussion in this post, XRP and Shiba Inu experiencing 1,000x growth to turn a $1,000 investment into a million dollars is almost impossible. Meanwhile, as a low-cap gem, NuggetRush could easily flip such an investment into $1 million. This makes it one of the best cryptos to buy now. If you wish to participate in the presale, click the link below.
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