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With Ripple Labs making significant advancements in its lawsuit against the SEC, market sentiment is rallying as XRP nears regulatory certainty. The project has already netted early investors notable gains; so could history repeat itself?
Or, could fresher projects yet to pump fare as better investments? There are many projects in this category, but one making a lot of noise is TG Casino, a GambleFi token currently undergoing a presale.
Investors Who Bought XRP in 2018 Made a 4X at Its ATH
Regardless of the SEC’s relentless onslaught, XRP has been a lucrative investment for those who bought it five years ago.
The XRP chart below shows November 2018’s monthly candle, with its open and close price.
XRP opened in November 2018 at $0.45 but plunged to $0.36 by the end of the month. This puts the monthly average price at just over $0.4.
Back then, the hype was strong for XRP. Crypto was more of a wild west with little oversight from the regulative bogeyman of the SEC. Also, Ripple Labs was yet to be sued by the SEC, and XRP’s use case promised to reshape global finance.
Yet despite the lawsuit that followed, those who bought it five years ago are currently up over 50%, based on its current price of $0.61. This is a solid return given the ongoing legal battle, and that crypto is just emerging from a bear market.
However, those same investors could have netted a 4x if they sold at the 2021 bull run peak of $1.6.
While it is hard to catch an exact peak, this could have easily resulted in a 2-3x return for investors who sold amidst the bull run.
Currently, a $3K XRP investment in 2018 is worth a tidy $4.5K. However, it would have peaked around $12K in 2021, and there were plenty of opportunities to exit with around $6K-$9K in the last bull run.
Although these are commendable returns, the volatility associated with crypto often leads investors to seek projects with higher upside potential.
Due to XRP’s vast $33 billion market cap, significant returns often take longer to accumulate. However, several prominent analysts agree on a crypto that they believe is next to explode and could 10x.
The project is called TG Casino and is currently undergoing a presale priced at $0.15. Once the presale ends, the $TGC token will go live on exchanges, where its price will be determined by supply and demand, enabling it to potentially boom.
TG Casino GambleFi Token Raises $1.6 Million With Investors Drawn by 307% Staking APY
TG Casino is an anonymous crypto casino launched exclusively on the Telegram platform. This makes it significantly more accessible than traditional crypto casinos. Moreover, users can get started without creating an account, protecting their privacy and making the process much quicker.
TG Casino touches on two prominent crypto trends: crypto casino and Telegram-based projects. Both trends have seen significant interest lately, with crypto casino Rollbit surging 9,000% since launching and Telegram-related projects like Toncoin, PAAL AI, and UniBot also pumping.
With this in mind, it is no surprise that analysts like Crypto Boy and HotCuppaCrypto are highly bullish on the project.
Robust tokenomics compliment its innovative use case. The $TGC token provides numerous perks, like free rewards, access to exclusive games and rooms, a 307% staking APY, and 25% cashback on all casino losses.
Furthermore, it features a pioneering buyback mechanism that repurchases $TGC tokens from the open market with a portion of the platform’s revenue. It will distribute 60% of these tokens to staking rewards and burn 40%.
In true crypto fashion, this enables holders to directly benefit from the casino’s success, providing a vested interest and sense of ownership.
Yet such benefits are leading to a fast presale sellout, with it quickly nearing its $2.5 million goal. As such, potential buyers must be quick.
