5 Reasons Why XRP Would Surge 10x From the Current Price Level

  • Discover Crypto host thinks XRP would rally 10x from its current levels in the next bull cycle.
  • The host provided five reasons to back his prediction of a 10x XRP rally.
  • According to the host, the upcoming Bitcoin halving would lead to a pump across the crypto market.

The Discover Crypto YouTube channel’s host thinks XRP would rally 10x from its current levels in the next bull cycle. The host gave five reasons why XRP would achieve this target in a recently uploaded video. He also noted that the crypto coin’s current downtrend is ending.

According to the Discover Crypto host, the upcoming settlement between Ripple and the U.S. Securities and Exchange Commission (SEC) would trigger an XRP rally. He described the SEC settlement as a “Black Cloud,” noting that investors don’t like uncertainties in the market. Hence, he believes getting the settlement out of the way would settle the nerves and allow investors free participation in the market.

The host’s second reason for predicting an XRP rally is the potential Ripple IPO expected to follow the case’s conclusion with the SEC. He believes getting legal clarity would trigger most exchanges that delisted XRP to relist the cryptocurrency. He likened a Ripple IPO’s impact on XRP to what the Coinbase IPO did to BTC in 2021. He thinks a Ripple IPO would attract market makers and trigger a pump for XRP.

Crypto legislation emerged as the host’s third reason for anticipating an XRP rally. He believes the entire crypto industry needs legislation and would react positively to its actualization. He thinks some coins would pump harder when crypto legislation is actualized, with XRP representing a prime candidate.

According to the Discover Crypto host, institutional adoption is also one of the factors that would trigger an XRP rally. He noted that as his fourth reason to support an imminent rally, considering the recent ETF approvals a signal for more mainstream and institutional crypto adoption. He believes many Bitcoin holders would want to add XRP to their portfolios.

The upcoming Bitcoin halving marks the host’s fifth and final reason for an XRP rally. He thinks the event would lead to a pump across the crypto market. He believes buying XRP around $0.5 would be a good investment.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Comments

Post a Comment

Popular posts from this blog

Shiba Inu Burns 200 Ethereum ETH: A Prelude to Trillions?

Image
The official team behind the widely popular meme coin, Shiba Inu (SHIB), has recently publicized the burning of a considerable amount of Ethereum (ETH). The disclosure conveyed through a post on X from the Shib account revealed that 200 ETH had been intentionally burnt within one month. With the current value of ETH standing at $2,376.37, this translates to a substantial $475,366.00 being permanently taken out of circulation. 🔥 Is it getting hot in here? Oh wait, it's just us burning some $Shib In just about a month, we've incinerated nearly 200 ETH worth. TX details in the first comment below. pic.twitter.com/YVEzb7SEPJ — Shib (@Shibtoken) January 9, 2024 Anticipatory Sentiments The announcement evoked diverse responses within the Shiba Inu community, with some members expressing excitement and anticipation for more substantial burns in the future. One Twitter user confidently asserted, “This is just the beginning. Shiba Inu will burn trillions soon, ...
Read more

Can Wormhole Crypto Sustain Its Momentum as Cross-Chain Meme Coin Presale Hits $12 Million Mark?

Image
Despite the subdued state of the crypto markets, Wormhole has captured attention due to its unique Features and recent price movements. Wormhole has now been activated across several prominent blockchains, including Ethereum, Arbitrum, Solana, and others. This rollout empowers users to swiftly transfer $W tokens without the need for liquidity pools. These tokens can function seamlessly as ERC-20 tokens on EVM-compatible chains and as SPL tokens on Solana, with EVM compatibility. This development opens up possibilities for the creation of multi-chain solutions. It marks a significant milestone for Wormhole, indicating the successful completion of the second phase outlined in their W token launch roadmap. The next phase is poised to introduce a multi-chain governance system, which, when combined with $W token staking for governance purposes, is anticipated to revolutionize the platform. $W Crypto Price Prediction The prevailing market sentiment regarding $Wasset is cautiously posi...
Read more

Chainlink Challenger Pyth Network Announces New Airdrop for Over 160 Dapps

A rival of blockchain oracle provider Chainlink (LINK) is announcing a new airdrop for over 160 decentralized applications (Dapps). In a new blog post, data aggregating service Pyth Network (PYTH) says that it is launching the second phase of its Retrospective Airdrop plan, which gives all Dapps using data provided by Pyth free tokens. “Readers can soon look forward to their favorite [Pyth-using] applications announcing their receipt of PYTH Governance Tokens and their plans on what they will do with their PYTH Tokens.” The plan was initially launched in November 2023, at the time becoming the largest cross-chain airdrop ever. According to Pyth, as of today, 51,000 users claimed over 163 million PYTH tokens, or 65% of the entire airdrop. “The first phase of the airdrop program oversaw the distribution of PYTH Tokens to DeFi (decentralized finance) participants, from EVM (Ethereum Virtual Machine) to Cosmos, to Solana, who interacted with these Pyth-powered app...
Read more