This year has been one of the wildest rollercoaster rides for Ripple (XRP) we have seen on the crypto market in a while. XRP has gone through major ups and downs, but some signs indicate that it may finish the year strongly, poised perfectly for a $50 breakout in the next bull run.
Considering XRP’s current price of just $0.62, that would be one of the greatest bull runs in the history of crypto, which is why most analysts are skeptical about it. There are far better investment opportunities on the market that promise more realistic gains.
Tokens like Bitcoin ETF (BTCETF), Bitcoin Minetrix (BTCMTX), Meme Kombat (MK), and TG.Casino (TGC) are all set to explode as soon as its presales are over and offers huge ROI for early investors smart enough to recognize their potential.
3 Reasons Why Ripple’s Trajectory Indicates a Massive Breakout
Ripple has had an interesting year, to put it mildly. It all started with a lawsuit filed against Ripple Lab by the US Securities and Exchange Commission (SEC), claiming that XRP is security and must be treated as such. As it could be expected, Ripple and other cryptocurrencies named in the lawsuit immediately took a sharp nosedive.
But Ripple refused to surrender and fought back, managing to score a partial victory back in July. Although still not in the clear, that was enough to send the token soaring, making up its losses and then some. Since then, XRP has been one of the top performers on the crypto market, causing some experts to predict that 2024 will be the year when it will achieve a $50 breakout.
Victory in the SEC Lawsuit
In July, Ripple scored a landmark victory in a lawsuit filed by the SEC. U.S. District Judge Analisa Torres ruled that XRP can’t be considered security when sold to individuals. Even though that represents a partial victory for Ripple, causing it to soar 75%, it is also a partial victory for the SEC. The judge also said Ripple violated federal securities law by selling XRP directly to institutional investors. That leaves Ripple Labs on the hook for $728.9 million of XRP sold to hedge funds and other institutional investors. Still, it was an important step towards beating the SEC case.
Rumors About Ripple Labs IPO
Rumors about Ripple Labs going public have been floating ever since the company threw an SEC victory party back in September. Some analysts claim that Ripple will use the publicity wave to launch an IPO campaign and try to establish itself as a major crypto market player. While these rumors do have a positive effect on the XRP price, they are still rumors, as there was no official confirmation of IPO plans.
Overall Recovery of the Crypto Market
The entire crypto market is on the rise, causing even low-performing cryptos to soar. As positive as this is, relying on market sentiment can be tricky. The crypto market is a fickle beast, and trends can change direction in a matter of days, even hours, in some cases. Wise investors will take this into account when making their portfolio decisions.
Can Ripple Hit $50 Breakout in the Next Bull Run?
Despite several indicators, we remain doubtful about XRP’s chance to hit $50 anytime soon. While the token’s performance has been impressive lately, with a current price as a starting point, such a bull run remains a fantasy. Making an investment based on such an assumption would be a major folly. This is especially true considering so many superior options on the market, with tokens like BTCETF, BTCMTX, MK, and TGC all preparing for a major breakthrough. This is what you need to know about them.
Bitcoin ETF (BTCETF) – Perfect Token for the Upcoming ETF Approval
Perhaps, the most significant change in the sphere of the crypto market over the last several years has been anticipated SEC approval for crypto ETFs. This has created a large market potential which has prompted many developers to come up with a token for exchange-traded funds (ETF). But the creators of Bitcoin ETF have outdone them all. They have already implemented their project with an ongoing presale.
The pre-sale for BTCETF is hitting a new record high over 5 million in fundraising with the clock ticking. This promising token is being grabbed by investors before the listings on crypto exchanges start and its price goes to the Moon.
Bitcoin Minetrix (BTCMTX) – The Future of Bitcoin Cloud Mining
One may have felt that this project was too niche, given that it is a solution to the problems with Bitcoin mining. Nevertheless, take our word for it; you will be better placed if you are among the early investors of Bitcoin Minetrix (BTCMTX)! You will get a chance to profit from both cloud mining and BTCMTX staking which will make Bitcoin cloud mining lucrative once again.
The presale has already raised $5.3 million and is fast approaching its hard cap goal. There is a limited time left to jump on this bandwagon and make a bundle when its price explodes on the open market.
Meme Kombat (MK) – A P2E app that’s set to achieve greatness.
The year 2023 was marked by a remarkable revival in the meme-coin market which saw the emergence of Pepe, SpongeBob, and various others. Another cryptocurrency project has joined the league to follow suit.
The amount of funds MK presale has managed to raise before going live on an exchange – $2.8 million – shows that it was not only appealing to players but also to investors. Early investors can also get a bundle as the market value (MK) for each token should appreciate dramatically shortly after presales compared to XRP investment, which can take a while to start paying off.
TG. Casino (TGC) – Online Casino for Telegram
Designed as a Telegram casino bot, TG. Casino represents a novel approach to online gambling. The new online casino will benefit from instant access to millions of Telegram users, who can access it with a single click. TG. Casino dispenses with all Know Your Customer (KYC) procedures, allowing players to log in with only a valid email.
With $4 million raised so far, TGC is very close to its $5 million hard cap goal. Priced at just $0.185, it is one of the best investment opportunities on the market, provided you can grab it before the presale ends and its price explodes.
Dogecoin – The Original Meme Coin Still Going Strong
Dogecoin is responsible for launching the entire meme coin craze back in the day. Originally intended as a joke, DOGE quickly gained popularity and became one of the biggest altcoins on the market. Thanks to support from its fans, including celebrities like Elon Musk, Dogecoin is currently in the top ten tokens based on market cap.
However, DOGE is highly susceptible to schemes and behind-the-scenes machination, which is why so many investors steer clear of it.
Conclusion
Despite encouraging indicators, expecting Ripple to hit $50 anytime soon remains a pipe dream. Investors looking to make a profit in a realistic timeframe should focus on tokens like BTCETF, BTCMTX, MK, and TGC.
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