Last updated:
Author
Simon Chandler
Author
Simon Chandler
Share
Why Trust Cryptonews
The price of XRP has gained by 1% today, rising to $0.5699 as the crypto market as a whole falls by 0.8% in the past 24 hours.
This small recovery isn’t enough to save XRP from a 5.5% loss in a week and a 7.5% fall in the past month, with the coin also down by 5% in a year.
Such declines may be disappointing, but some experts are increasingly highlighting XRP as one coin with great potential to grow in the future.
And with Ripple’s long-running case against the SEC ending a couple of weeks ago, XRP certainly is in a good position to begin compensating for recent underperformance.
XRP: A Once-in-a-Lifetime Chance? Pundit Says Buy Now Before It’s Too Late
Posting on X, self-proclaimed “Crypto Investor” and “Researcher” CryptoTank declared that investing in XRP could be “a once in a lifetime opportunity.”
He also suggested that investors should look into XRP “before it’s too late,” implying that the altcoin could begin rising soon.
Based on the coin’s chart, such a prediction seems credible, at least in the near term.
As we can see below, XRP’s indicators have been in a subdued position for several days now, suggesting that an upwards swing is coming.
Its RSI (purple) has been struggling to clear 50 in the past week, although it has actually bounced up from 30 in the past 12 hours.
One thing that’s concerning, however, is that XRP’s trading volume remains modest, at only $1.3 billion today.
Given that it stood at over $5 billion when news of Ripple’s $125 million settlement with the SEC emerged, this lower volume would indicate that interest in XRP is waning.
Yet whales have resumed accumulating the token in the past few days, after the recent dips.
This would lend weight to the claim that XRP is about to rally again, with the recent improvement in economic data also boosting its chances.
Looking at the bigger picture, Ripple’s emancipation from its legal fight puts it in a place where it can grow its business more proactively.
We have already seen a couple of new initiatives in recent days, one with SBI Holdings and another with the Dubai International Financial Centre’s Innovation Hub, hinting at how quickly things could accelerate.
As such, the XRP price could easily reach $1 towards the end of the year, before targeting $2 or even $3 next year.
Small-Cap Presale Tokens Could Surge
This particular author’s opinion is that XRP is likely to remain a slow burner for the foreseeable future, and will depend on some truly significant adoption news if it wants to get moving.
For this reason, traders on the hunt for above-average returns may prefer to investigate newer tokens, which can often rally big as they gain new exchange listings.
This includes presale coins, with one strong example being Crypto All-Stars (STARS), an exciting new Ethereum-based token that has already raised $450,000 in its token offering.
Crypto All-Stars is exciting because it’s the first token in the market to offer a ‘MemeVault’, a platform in which holders of any meme coin can stake their holdings.
The project enables this through its use of the ERC-1155 multi-token standard, enabling it to tokenize any coin, including tokens that aren’t on the Ethereum blockchain.
What’s significant about this is that it will provide Crypto All-Stars with potentially unlimited reach, which in turn will be very bullish for its native STARS tokens.
That’s because users who hold more STARS tokens will receive greater rewards from staking, regardless of which other coins they stake.
STARS features a max supply of 42.069 billion, with its presale receiving 20% of this and another 20% going to staking rewards.
The coin’s sale has only recently opened, but investors should act sooner rather than later, since its sale price will rise every couple of days.
They can buy some STARS by visiting the official Crypto All-Stars website, with the current price being $0.0013855.
This will increase fractionally in just under a day, while its listing in the next few months will likely see it rise much, much higher.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
