If You Bought 2,000 XRP When Snoop Dogg Performed at Ripple’s 2018 Event, Here’s What You’d Have Today

XRP, the native token of Ripple Labs, has surged in recent days following a landmark announcement involving one of the most established banks in the United States. While today’s headlines focus on institutional adoption and regulatory clarity, it’s worth revisiting a pivotal moment in XRP’s past, one that brought the crypto community face-to-face with hip-hop royalty. XRP Rally Fueled by Institutional Confidence Over the past seven days, XRP has gained 26.16%, outperforming top-tier cryptocurrencies like Bitcoin, Ethereum, and Solana. With a current market capitalization of $164 billion, XRP now ranks as the third-largest cryptocurrency in the world. This recent momentum is partly driven by Ripple’s announcement that BNY Mellon—the oldest bank in the U.S.—will act as the primary custodian for reserves backing RLUSD, Ripple’s new U.S. dollar-pegged stablecoin. The move marks a significant step forward in institutional integration for Ripple’s ecosystem. Investor enthusiasm has also been buoyed by growing expectations that XRP may soon be listed as a spot exchange-traded fund (ETF), with major firms including 21Shares, WisdomTree, and Grayscale filing applications with the SEC. Legal Headwinds Ease as Ripple Closes SEC Chapter Ripple’s long-running legal battle with the U.S. Securities and Exchange Commission (SEC) has de-escalated in recent months. The company recently dropped its appeal against the regulator, signaling a desire to move forward. At the same time, the current U.S. administration has taken a softer stance toward the crypto industry, reducing litigation and encouraging the development of regulatory frameworks. Together, these shifts have reignited optimism among investors and analysts alike. Flashback: Snoop Dogg’s Surprise Appearance at Ripple’s 2018 Celebration Back in May 2018, XRP made headlines not just for its market activity but for a moment of cultural crossover. On May 15, 2018, Snoop Dogg performed at an exclusive Ripple-hosted afterparty during the Consensus blockchain conference in New York City. The event attracted major media attention, though Snoop refrained from offering any investment advice or crypto endorsements. Ripple later clarified that the rapper wasn’t paid in XRP, emphasizing that the night was a celebration for the community, not a promotional gimmick. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Still, the presence of such a high-profile artist at a blockchain event marked a unique moment in XRP’s history, potentially influencing new interest from outside the traditional crypto space. If You Had Invested $1,504.60 in XRP Back Then… Imagine someone had discovered XRP through news of Snoop Dogg’s performance and decided to invest at the time. With XRP priced at $0.7523 on May 15, 2018, a $1,504.60 investment would have purchased 2,000 XRP tokens. As of today, with XRP trading at $2.74, that investment would be worth $5,480, delivering a gain of approximately 264.2%. The Road Ahead: XRP’s Continued Momentum XRP is once again the subject of widespread interest, as favorable regulatory shifts and institutional involvement breathe new life into the token. While it still trades below its all-time high of $3.84 (set in 2018) and its recent 52-week peak of $3.39, the current trajectory suggests strong potential ahead. With ETF approvals on the horizon and Ripple’s network expanding through real-world use cases, XRP may yet reach new milestones. What once seemed like a fun, celebrity-studded event has become a symbolic milestone in XRP’s journey. For those who invested during that period, the returns have been impressive. And with XRP gaining momentum again, the story is far from over. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post If You Bought 2,000 XRP When Snoop Dogg Performed at Ripple’s 2018 Event, Here’s What You’d Have Today appeared first on Times Tabloid .

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