XRP And Altcoins Reportedly Prepare For A Major Rally
The optimistic predictions regarding prices for the digital assets keep pouring into the crypto space.
XRP, ETH, and more coins are reportedly on their way to a price rally
It’s been revealed that a crypto analyst and a self-proclaimed whale whisperer said that Ethereum, XRP, and more altcoins are definitely poised for a massive rally.
The analyst goes by the name Beastlyorion told his followers on Twitter that Bitcoin’s dominance of the overall crypto market tests support at around 66%.
If it breaks, he is expecting altcoins to rally harder than you could ever have imagined, as the Daily Hodl cites the person.
“HODLing altcoins in 2017 use to be speculating on a technological dream while driving a Lambo. HODLing altcoins in 2019 is like reading through regulatory compliance documents for a large enterprise while checking you have enough change for a bus to get home.”
On the other hand, the popular analyst Josh Rager said that Bitcoin’s price will definitely remain the king and the prices for the other digital assets are completely depending on the most important coin in the crypto market.
“Alts are directly correlated to Bitcoin. If the price goes south, diversifying into alts will only make things worse. If you want hedge, learn how to use futures or options to your advantage,” he said.
Time to pay attention! O_O pic.twitter.com/pXsvbYwiRD
— Beastlorion (@Beastlyorion) November 13, 2019
He continued and explained that “Diversification in crypto is not a strategy – majority of a portfolio should be BTC.”
XRP vs. PayPal
XRP made headlines not too long ago when it's been compared to the efficiency of PayPal.
He’s been a longtime XRP critic, and he posted this as a response regarding the claims about XRP’s efficiency and supremacy.
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