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Can you get rich off ripple?

Can you get rich off ripple?

No, 200 Ripple coins will not make you a millionaire in the future. Ripple itself being worth 500 trillion, simple by being worth that much would make being a millionaire in the future probably the equivalent to having 10k by today’s money.

How do you make money on Ripple?

How can I get my Ripple? To receive your free Ripple (XRP), all you have to do is sign up for an account on Idle-Empire, answer a few paid surveys, watch videos, or complete offers and quickly redeem your points for Ripple. We’ll send XRP to your Coinbase account, instantly and with zero fees.

Can I mine XRP on my laptop?

Unmineable.com is a mining Pool which allows you to mine with your CPU using RandomX or GPUS using Etchash or Ethash and pay you in any coin you select. In order to check your balance, log into Unmineable and then select the coin you want to mine. In this example, Ripple XRP.

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Where can I lend my XRP?

CoinRabbit is a ripple lending platform that allows users to commit their XRP investments as loan collaterals in exchange for Loan Amounts in the form of stablecoins. Unlike staking, ripple lending on CoinRabbit does not require you to lock up your crypto investment for a specific period without access.

What happens if Ripple burn XRP?

Ripple will not burn any of its XRP tokens. The 50 billion XRP tokens they hold is the only thing giving their corporation Billionaire status and paying their operating expenses.

What can I do with Ripple?

XRP is the native cryptocurrency for products developed by Ripple Labs. Its products are used for payment settlement, asset exchange, and remittance systems that work more like SWIFT, a service for international money and security transfers used by a network of banks and financial intermediaries.

Can I mine XRP on my phone?

Yes, it does work. It is possible to mine bitcoin with an android device even if you might have numerous reasons to stay away from it. Also, using a mobile phone to mine crypto coins isn’t close to the way the traditional mining software or hardware works.

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Why is Ripple (XRP) not doing well?

The fact that the supply is controlled by Ripple and is very huge (100 Billion units), does not play well. The RippleNet can work without XPR at all, so there is no anything unique about XPR, which can’t be said about RippleNet. According to WalletInvestor.com the price of XRP may drop to as low as four cents.

How much should I invest in XRP to become a millionaire?

Let’s take another, more realistic case, when XRP reach market cap of $280 Billion with supply of 100 Billion units. In this case the price of XRP would be just $2.8 which gives us 10x. So, you should invest $100 000 to become millionaire this way.

How to calculate return on investment (ROI) for Ripple (XRP)?

Now the return on investment (ROI) is calculated by dividing amount in USD today by amount invested and multiplying it by 100. And if you want to check future price of Ripple you can check it here: Ripple Price Prediction. This predictions are based on various algorithms applied on the historical price of the Ripple.

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How many XRP are in the market?

When XRP was created by Ripple, 100 billion units were released into the market, with 20 billion held by the founding company (Ripple Labs). It is also on record that Ripple Labs has so far placed 55 billion XRP in an escrow account, just to ensure user stability in the marketplace.