My TOP10 project list - pick number 9/10 - XRP !!
XRP
Some love it - some hate it.
I have been holding this coin for about 7 years now. I have always known that it was made for greatness. My XRP holding always oscillated between 90 and 60%. I am a believer.
Fortunately I diversified somewhat and was able to make some gains with other tokens. I understood that, to be able to wait for the rewards, i had to be able to sit tight. For that I needed to have other tokens to make it through the desert. This is not a sprint. It is a marathon.
However in 2024 something changed. I felt my confidence was slightly eroding. My XRP position came down to 25% !! On one side I made good gains on other tokens. On the other side because I decided to swap some XRP for other newer projects.
The actual sentiment has become the following. Look for new tokens for the bull run ! The old tokens have already had their run ! Look for the new shiny projects (Celestia, Kaspa, Bittnsor and other AI projects, Arweave, etc.).
NOBODY is talking about 'paiments'. The narratives are AI, DE PIN, COMPUTING, GAMEFI, and so on. NOBODY is looking for old, well established tokens, that have made it through several bear markets and had the time to build behind the scenes.
I am sure this new projects will (and have already) shined. However, I would not descard older projects like XRP. It is still my belief that XRP will play a major role in the Digital Financial System. Some say: "Not today ! Not in this bull market ! Further down the road, in 2030 !".
I say: "Really ??" - Chart says otherwise !!!
Some love it - some hate it.
I have been holding this coin for about 7 years now. I have always known that it was made for greatness. My XRP holding always oscillated between 90 and 60%. I am a believer.
Fortunately I diversified somewhat and was able to make some gains with other tokens. I understood that, to be able to wait for the rewards, i had to be able to sit tight. For that I needed to have other tokens to make it through the desert. This is not a sprint. It is a marathon.
However in 2024 something changed. I felt my confidence was slightly eroding. My XRP position came down to 25% !! On one side I made good gains on other tokens. On the other side because I decided to swap some XRP for other newer projects.
The actual sentiment has become the following. Look for new tokens for the bull run ! The old tokens have already had their run ! Look for the new shiny projects (Celestia, Kaspa, Bittnsor and other AI projects, Arweave, etc.).
NOBODY is talking about 'paiments'. The narratives are AI, DE PIN, COMPUTING, GAMEFI, and so on. NOBODY is looking for old, well established tokens, that have made it through several bear markets and had the time to build behind the scenes.
I am sure this new projects will (and have already) shined. However, I would not descard older projects like XRP. It is still my belief that XRP will play a major role in the Digital Financial System. Some say: "Not today ! Not in this bull market ! Further down the road, in 2030 !".
I say: "Really ??" - Chart says otherwise !!!
Comment:
Why didn't I project one final washout like in January 2017, where XRP dropped 68% before starting to rip? It may indeed happen and I am prepared. However, my guess is we will not see it this time. Look at the 200 MA, it is much more horizontal and is following the rising support line (in 2017 it came down much steeper). Moreover, it is a psychology game: the washout has already happened !! It was brutal and lasted for seven years !! This one time it may take everybody by surprise !!!
Comment:
To those who go around saying "Banks will not use XRP" like my belowed and indeed very sharp influencer Crypto Bellweather .... I will say just three words: "Ask Rosy Rios !"