XRP cryptocurrency is considered one of the most promising assets. Today, it is traded at $0.51 and is among the top 10 in terms of capitalization.
During its existence, the value of the coin has risen above $1 several times. The historical maximum was recorded in 2018 and amounted to $3.4. Some analysts are confident in the great future of this asset.
According to the most optimistic forecast, the cryptocurrency is able to soar to the level of $589. However, most specialists call not such impressive figures. Skeptics do not believe that XRP is able to reach even $100. Whose point of view is more objective?
What are the chances of XRP to soar in price?
XRP certainly has a chance of taking off. This is a unique cryptocurrency, which was originally based on the principle of decentralization. The coin was created by Ripple, investment funds and large banks cooperate with it. It is the principle of decentralization that may become a key factor in the success of this cryptocurrency.
Experts believe that the potential of XRP is affected by the long legal battle between Ripple and the American structure of the SEC. The cryptocurrency company has a high chance of final victory in the dispute with the supervisory authority. In any case, now the confrontation is in favor of Ripple.
With a favorable outcome, the coin will be able to go up. The biggest optimists assume that it will not only overcome the $1 mark, but also rush to higher horizons. In this regard, the rate of $100 or even $589 does not seem fantastic.
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However, for this to happen, Ripple must offer a product that will seriously compete with cross-border payment systems. For example, high hopes were pinned on xRapid. However, the system did not give a significant increase in the value of the coin.
Many analysts consider even the $100 rate forecast to be unreasonably high. In their opinion, after the end of the litigation with the SEC, the coin can rise to the level of $4-5, but no more. Even during the period of growth in 2021, XRP failed to grow seriously, so there are no objective grounds for a phenomenal rise.
However, we can’t completely deny the possibility that XRP will trade at $589 either. Once bitcoin’s growth to the level of $60 thousand seemed like a fantasy, and people predicting such a scenario looked crazy. Then it became a reality, so such a rise of XRP is theoretically possible, although unlikely.
Wall Street Memes: a new meme-coin is ready to squeeze out even the most prominent competitors
A coin that is attracting serious attention from investors is the Wall Street Memes meme-coin. This is a digital coin of a project related to the long history of the Wall Street movement. The cryptomem has received support from a community of millions, including celebrities.
Ilon Musk himself published a tweet with the WSM meme. The project continues to gain momentum and its popularity is growing.
The creators of Wall Street Memes hint at the similarity of the project with the movement of the 80s of the last century. Then clever businessmen managed to pull off deals with “useless” shares. Now it is up to the owners of cryptomemes to make big money, although these pictures are not taken seriously by conservatives.
Mem-coin has a very big potential, which is confirmed by the hype around this coin and the course of presale. During the presale period, about $6.2 million was raised in a short period of time.
The coin is currently priced at $0.0283, it will rise to $0.0377 in the future, and after the listing the price will become even higher. Today investors have an excellent opportunity to buy meme-coin on favorable terms.
Among the pros of the project it is worth highlighting:
- Support from Ilon Musk.
- A large community in social networks (over 1 million people).
- Connection with the history of Wall Street.
- Excellent pre-sales performance.
Funk or an asset for investment: why are meme-coins gaining popularity?
Memes have become an important attribute of modern culture. These funny pictures are popular not only among the youth audience, but also among other age groups.
Memes easily draw attention to anything and spread very quickly. It is logical that such images began to be used by cryptographers, and today there are quite a number of meme coins on the market.
Skeptics are wary of meme coins, perceiving them as useless “wrappers”. They refuse to invest in such assets, as they do not see any real prospects in them.
Other analysts treat memes with restraint, not giving a positive assessment of such coins, but also not recognizing them as unpromising. Specialists of this group study meme cryptocurrencies and refrain from making unambiguous conclusions.
The third group of analysts sees great potential in meme coins. “Wrappers” become not just an attractive wrapper – inside them there is valuable content. As a result, investors receive income from investments in coins of this direction.
The main advantage of cryptomemes is a favorable combination of meme and cryptotechnology. According to many analysts, meme coins will gain momentum in the coming years.
How to identify a meme-coin for investment?
The abundance of projects leaves newbies confused. Beginning traders and investors do not know which cryptocurrency is best to invest in. Although this moment largely depends on the personal preferences of users, experts recommend paying attention to the following nuances:
- Reliability of the cryptocurrency
- Uniqueness of the project
- Professionalism of developers
- Community support
- Technical parameters
It is worth analyzing how reliable the project is: familiarize yourself with its description, roadmap, read the news. It is important that the cryptocurrency is unique: noticeably different from the rest and attract attention.
If the project is banal, it is unlikely to be of interest to cryptoinvestors. When investing in such cryptocurrencies, it will be difficult to make good money. Most likely, the trader will lose his investment.
It is important to pay attention to the project team – who are these people, what is their track record, whether they were not involved in any scandal. When professionals with vast experience are at the helm, the probability of success of a new meme-coin is significantly increased.
It is also worth evaluating the community of the new cryptocurrency – how many people support it, whether there are influential investors among them. In addition, it is important to follow the pre-sale progress. If the coin is quickly gaining momentum – this is a sign of the cryptocurrency’s prospects.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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