Long-term Investors are Dumping XRP for IMPT – Is 5000% a Realistic Target for the Green Crypto?

XRP has long enjoyed its spot among the top 10 cryptocurrencies. Even the SEC clash couldn’t deter investors from pouring money into the asset. They stood with it through thick and thin.

Today, XRP boasts a massive market cap of $34B.

While for many that’s a sign of strength, for others it hints at saturation.

To put it in numbers, the best that XRP can climb in a month is 30%-40%. In fact, it is ambitious to expect the coin to go above $1 this year. In the best case, it can reach $1.5 toward the end of the year. That is less than a 100% surge from the current price of $0.6649.

When new cryptocurrencies like IMPT promise higher returns amounting to anywhere from 4000%-5000%, can XRP continue to hold the attention of investors?

Long-term XRP investors are looking for greener pastures

The crypto market is entering a new phase with the Ripple-SEC clash behind it. Investors are more confident about digital and virtual assets in the second half of 2023. The recent verdict encourages traditional investors to dip their toes in the market as well.

But that doesn’t mean high-cap cryptos like Bitcoin, Ethereum, XRP, and ADA will continue to stretch their market caps to answer the hype. No matter how ferociously crypto influencers promote these coins, they will flat-line into 2024. There will be periods of ups and downs. Despite that, it is unrealistic to expect wild returns from these projects.

XRP 1-year price action, CoinMarketCap

Influencers who shill BTC at $100,000 and XRP at $10 are targeting gullible investors. They have no technical or fundamental backing. The long crypto winter we saw in 2022 was a much-needed price correction.

There are two primary reasons why high-cap cryptos will be stagnant in terms of price and market cap this year.

• Firstly, as we discussed above, they’re saturated. They are holding more weight than their intrinsic values justify.
• Second, and more importantly, the crypto market needs to make room for newcomers. As innovative projects come to the front, these high-cap assets have to take a backseat.

That explains why long-term investors of XRP, ETH, and ADA are cashing out to join projects like IMPT.

We’re narrowing down our focus to IMPT in this article to understand how emerging blockchain projects are capable of changing the popular narrative of cryptocurrencies. In addition to that, we will briefly look into the financial prospects of joining IMPT as an early investor.

IMPT – What’s the big deal?

IMPT is a green crypto project. One of the best of its kind.

The project’s goal is to make carbon credits mainstream through retailers.

For this, it has launched a shopping app and a carbon credits marketplace. You can purchase products from a vast array of brands using the IMPT shopping app. You won’t have a hard time finding a brand of your choice here. IMPT’s retailer network is fast-growing as it introduces an unparalleled customer loyalty program.

Here, instead of gift vouchers, you get IMPT tokens, which can be converted into carbon credits from the IMPT marketplace. You don’t necessarily have to retire your carbon credits, although it removes 1 ton of carbon from the planet. You can also sell or hold them. Carbon credits have a growing market among voluntary and mandatory users.

Signing up for IMPT Planet’s Loyalty Program is a cost-effective way for brands to tap into the growing demographic of eco-conscious shoppers. As a result, the network is fast-growing.

To create more awareness around the initiative and take it to different corners of the Earth, IMPT has also launched an affiliate program. The Global Rollout Network follows a hierarchical structure with country partners, leadership partners, and area partners in that order. People who purchase the locations listed on the IMPT website will have exclusive rights to onboard retailers in that region.

To learn more about the affiliate program and the different sources of commission, visit https://partners.impt.io.

The global vision of the project and its tangible impact on climate change have won credibility in the blockchain industry. Denis Creighton, the CEO and co-founder of IMPT, was featured among the dynamic lineup of thought leaders at this year’s EthCC.

Can IMPT go 50X?

Yes. But 50X is a highly ambitious target for IMPT in 2023. Given that the network is still expanding, it needs more time to convert growth into social sentiments. A 50X price rise requires the project to build massive hype. That’s not its focus right now.

Instead, IMPT is working on building its foundation through utility this year. The Planet’s Loyalty Program and Global Rollout Network are a part of this. As more countries, leadership, and area partners join the ecosystem, the number of IMPT retailers and shoppers will also increase throughout this year.

So, a conservative prediction for IMPT in 2023 is a 20X-25X surge. But if it manages to kindle widespread community euphoria, the surge can reach anywhere up to 50X.

The real potential of IMPT will begin to unfold toward the end of 2023 and early 2024. The project has the potential to turn early token investments into a fortune by the first half of 2024 if the roadmap evolves as planned.

VISIT IMPT WEBSITE

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