The post XRP Deemed A Masterpiece For Long-Term Investment By Crypto Analyst, Here’s Why appeared on BitcoinEthereumNews.com.

Since the recent ruling in the US SEC’s battle against XRP on Wednesday, there has been a spike in optimism and interest in the altcoin’s prospects. Despite the long-standing tussle, which impacted the price of XRP significantly in 2020, several crypto analysts like Doctor Profit still believe in the coin’s potential in the long term. XRP Short-Term Investment Is A Wrong Game In a bullish statement, Doctor Profit, a popular crypto expert and trader, has recently referred to XRP as a masterpiece for investments in the long term, stressing its distinct robustness in the volatile world of cryptocurrencies.  Amid rising interest in digital assets, Doctor Profit underlines the altcoin’s endurance in the face of mounting pressures from regulatory challenges and investors’ uncertainty. While the analysts see XRP as a masterpiece for long-term investment, he has debunked all short-term investment strategies as a wrong game. He noted that the altcoin’s price has varied between $0.42 and $0.72 for the past 1 year, making it a less potential asset for short-term investment and an ideal asset for long-term investors who understand the importance of patience. Thus Doctor Profit being an investor with entries between $0.09 and $0.44 has cautioned investors about those claiming the crypto asset is worthless and the moonboys making audacious predictions about targets like $589. With a 60,000% rally in 2017, the expert has compared XRP resilience with Bitcoin because of its firm position among the top 10 cryptocurrencies by market cap in the sector for the previous 10 years. He further stated that the asset has managed to retain this position despite experiencing a 75% crash from its all-time high in 2020 as a result of the SEC lawsuit, overwhelming hostility from new investors who fled to rival coins out of fear, and the absence of a macro…

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Filed under: News - @ August 9, 2024 9:28 pm