While the attention of cryptocurrency investors is focused on Bitcoin, one analyst points out that there is another crypto that is expected to rise exponentially soon.
According to a cryptocurrency dealer widely followed on social media, this asset is the XRP that would be preparing for a “wild run”.
XRP will fire, defends analyst
The analyst who identifies himself as Credible Crypto, told his 71,000 followers on Twitter that XRP will retreat during the next major Bitcoin correction. However, it may not suffer as much as other altcoins.
“Many alts will be evicted with difficulty, but XRP / BTC is compatible. So, it may not be as affected as other alts. ”
He believes that, at some point, there will be a correction in the price of Bitcoin. As a result, the altcoin market will also be affected.
But, according to him, when the BTC has gone through this “healthy setback”, the XRP will be ready to start a long-term hike. Thus, the value of the cryptocurrency is expected to rise 100 times.
When asked specifically whether he believes the XRP will increase 100-fold, Credible Crypto responded affirmatively, saying he has a $ 25 to $ 30 price target for the crypto.
As for Bitcoin, the analyst says he is convinced that a correction will come after the historic rise in cryptocurrency.
However, according to him, it is not yet time for a reversal. This is because the analyst believes that BTC may first reach a new historical record (ATH) in its dollar value before starting a correction:
“Our 3rd sub-wave seems complete. But we still have the 4th and 5th (top of the explosion) to go [na minha opinião]. It is crazy to say that, but I think we will break ATH in the next few days. Amazing. Parables never end well, and when it breaks, we will probably see a 30-40% correction. That said, this is no time for that … yet, ”he said.
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