We are on the cusp of something monumental in the crypto-verse. Institutional investors are knocking at the door of the crypto-markets that have for the last 6 months caused considerable heartache to die-hard crypto fans. But the HODLers know that the current bear market is only temporary for Bitcoin (BTC) is about to embark on a Bull run that will pull up the rest of the crypto markets including our favorite coins Tron (TRX) and XRP (XRP).
Evidence of the institutional investors can be found with the BlackRock firm openly showing its interest in blockchain technology as well as cryptocurrencies. There is also the Swiss-based SIX exchange that plans on launching a fully integrated crypto exchange. Coinbase has also been given the green-light to list crypto tokens from ICOs on its platform. This means it is all systems go for the highly anticipated rush by institutional investors to buy digital assets in the crypto-markets.
So why compare TRX and XRP to Apple and Amazon stock in the 90s?
Both stocks of Amazon (AMZN) and Apple (AAPL) were very cheap back in the 90s. Looking at the price of Apple stock (AAPL) at the end of 1998, it was only valued at around $1. The same stock is now valued at $190 twenty years later. This is a percentage increase of 18,900%. Looking at the price of Amazon (AMZN) stock in 1998, it was valued at an average of $20. The same stock is now valued at $1,846. This is a percentage increase of 9,130% in 20 years.
The cheapness in 1998 of these two traditional stocks can be compared to the current low value of TRX ($0.037) and XRP ($0.47). It will not take 20 years for these digital assets to show gains similar to those of AAPL and AMZN. No. The crypto-markets function at a faster speed than the traditional markets. One year in the crypto markets can yield wonderful gains of up to 10,000%.
Using the above value, in a year’s time, TRX and XRP could be worth $3.70 and $47 respectively. These prices are still below the current price predictions every crypto-trader has been mentioning with the news of institutional investors getting ready to get into crypto investing.
Summing it all up, it is said that the early adopters of any technology or investment instrument are initially thought of being insane. But once the gains start trickling in, they are usually referred to as financial gurus when in actual fact, what they did was to follow their gut. There is nothing wrong with following your gut. That gut will earn you a handsome return in the near future.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of James Duncan Davidson via Flickr
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