Ripple’s XRP has been the subject of media attention lately, and for good reason. The cryptocurrency has seen a significant increase in 2024, with gains of more than 258% since the beginning of the year.
XRP price It has risen significantly from a low of $0.22 in early 2021 to around $2.30 as of mid-December. XRP has now surpassed stablecoin Tether (USDT) to become the third-largest cryptocurrency by market capitalization, a testament to its exceptional growth.
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Linda Jones, a well-known wealth advisor, recently delivered her latest newsletter, which has generated a great deal of excitement among members of the international cryptocurrency community.
The beginning of the new technology cycle
Jones asserts that we are at the beginning of a new technological cycle. She confirms that digital assets are poised to revolutionize the coding of assets and money, just as happened with communications brought about by the Internet.
Excerpt from my weekly message for today:
Digital assets should outperform technology stocks like the Magnificent 7 (Apple, Alphabet, Google, Tesla, Meta, Amazon, Nvidia) by up to 10x, in my opinion.
Why?
There are seven reasons I can think of:
1. We’re early…
– Linda P. Jones (@LindaPJones) December 19, 2024
Investors ready to embrace this emerging asset class can benefit from significant growth prospects as a result of this shift. Jones emphasizes that digital assets have historically been the most successful asset class, with Bitcoin being the experience Increase nearly 30,000% Over the past decade XRP follows closely behind with an increase of 35,000% over the same period.
Untapped market potential
The current low adoption rate of digital assets is one of Jones’ most compelling arguments. It notes that only 5% of individuals worldwide have invested in cryptocurrencies, indicating a vast untapped market waiting to be developed.
Retail investors are currently in a better position than institutional players since they are unable to fully enter the market due to regulatory barriers. However, Jones expects institutional capital to soon flood the market in response to expected regulations on cryptocurrencies and stablecoins by early 2025.
The recent proposal made by US President-elect Donald Trump for exemption Capital gains on digital assets The reality of US taxation serves to reinforce this optimism. This policy has the potential to significantly increase the potential of US projects such as XRP and Cardano (ADA) by redirecting investments towards them if implemented.
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Favorable political environment
Political change also favors digital assets. Jones points to the appointment of David Sachs to the position Cryptography and the Tsar of Artificial Intelligenceciting his pro-crypto stance as PayPal’s COO. This change in leadership shows a commitment to promoting cryptocurrencies.
$XRP We will make history next year
– Bitstamp (@Bitstamp) December 20, 2024
Furthermore, Congress has recently become more pro-cryptocurrencies, creating an environment for regulatory clarity and expansion.
As XRP and other digital assets gain traction in the face of changing rules and increasing investor confidence, Jones expects 2025 to be a crucial year for them. Other business leaders share her sentiments. They believe that XRP could become historic this year.
Featured image from DALL-E, chart from TradingView
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