Analyst Places XRP As The Top Coin For The 2024-2025 Bull Run

Semilore Faleti

1 year ago

3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Prominent altcoin, XRP, has produced a positive performance in the last day, rising by 6.92%, according to data from CoinMarketCap. This price increase adds to the token’s impressive form all week, culminating in an 11.85% gain in the last seven days.

Interestingly, it appears there may be larger gains for XRP investors in the coming months as popular crypto analyst Ben Armstrong has placed the token as the most favorable asset for investment ahead of a potential 2024-2025 bull crypto market.

XRP Is The Token To Buy In 2024, Analyst Explains Why

In a recent video on YouTube, Ben Armstrong has backed XRP to emerge as the leader of a potential crypto bull run over the next two years. Armstrong supports his claim with respect to many factors, including the team behind XRP, the token’s marketing, performance, utility, community, and technology, among others.

When commenting on marketing, the renowned analyst explains that XRP is one of the most advertised assets to institutional investors. Furthermore, he claimed that the token’s publicity has largely increased following Ripple’s long-lasting squabble with the US Securities and Exchange Commission, which eventually resulted in a partial victory.

On XRP’s performance, Ben Armstrong admits the altcoin left much to desire in the last bull run in 2020-2021. However, he attributes this negative performance to a suppression induced by the SEC case against Ripple. To back his XRP prediction, the crypto analyst notes that the altcoin gained by over 44,000% in the 2017 bull run and could repeat a similar feat, topping the next bull run in 2024-2025.

In addition, Ben Armstrong also believes that XRP Is going to experience more adoption by traditional institutions in the world. Notably, he references the current application of the token in the creation of CBDCs by the central banks of some nations.

Armstrong Notes Worry Over XRP’s Tokenomics

In his bold XRP prediction, Ben Armstrong has expressed some worry over the altcoin’s tokenomics as half of the coin’s supply is controlled by Ripple.

Notably, this factor does not alter the analyst’s projection of the altcoin in 2024-2025. In fact, he believes the payment company to retain his control over XRP to be beneficial for investors. However, Armstrong predicts Ripple’s dominance in the XRP market might prove to be an unfavorable policy in the long run.

At the time of writing, XRP trades at $0.687, with a 1.57% loss in the last hour. Meanwhile, the token’s trading volume is up by 51.78% in the last day and is currently valued at $2.4 billion.

XRP trading at $0.685 on the daily chart | Source: XRPUSD chart on Tradingview.com

Featured image from CoinMarketCap, chart from Tradingview

Semilore Faleti

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.