📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
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💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
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Supporters of $XRP: Owning just 10,000 XRP will be impossible for 99.999%.
Edoardo Farina, a prominent voice in the XRP community and the founder of Alpha Lions Academy, has expressed concern that accumulating 10,000 XRP may soon become a target that few investors can actually achieve. Farina always supports the accumulation and holding of XRP, believing that this could play an important role in long-term financial security. Farina believes that this digital asset is significantly undervalued and could soon increase substantially. At the current price of $2.2, acquiring 10,000 XRP would cost about $22,000. Although that amount has been out of the budget of some retail investors, Farina's statement suggests that more investors will be excluded from the market as the token enters a stronger bullish phase.
Long-Term Goals and Financial Impact Farina has publicly discussed his investment plan, revealing that he intends to start taking small profits when XRP reaches $10, but he hopes to hold most of his holdings until it reaches $100. In such a scenario, 10,000 XRP would be worth $1 million. Such an increase will significantly impact accessibility. For example, an individual with an average salary in the United States of $65,000 per year would find it almost impossible to buy 10,000 XRP at $100, unless they save for over a decade without spending any of their income. This is a possible outcome if investors wait too long to enter the market and is one of the main reasons why Farina is constantly warning people to buy and hold XRP. In October 2024, Farina supported the purchase of 10,000 XRP for $0.52, for a total of $5,200. Since then, the price of XRP has quadrupled, proving his stance. He still believes that a real breakout lies ahead, having recently suggested that if Bitcoin reaches $500,000, XRP could skyrocket to $100. Historical Parallels Highlighting the Warning To support his viewpoint, we can consider the early investment opportunities in Bitcoin. In 2013, Bitcoin was trading at around 110 dollars. At that time, early adopters like Davinci Jeremie encouraged investors to buy even modest amounts. At that price, 10 BTC would need about $1,000. Today, those same 10 BTC are worth more than $1 million, as Bitcoin is trading at around $104,000. Many experts believe that XRP is currently at a comparable stage in its market development. Just like most people today find it impossible to buy 10 BTC, the same may soon happen with XRP if the current price forecasts come true. Farina previously predicted that 95% of people will miss out on XRP. For those waiting for further confirmation before investing, the opportunity may have already passed by the time they take action.