CandleFocus Crypto CEO Says Stop Buying XRP and Rethink Your Strategies
2024-11-01
Author: Content Editor
Joshua Jake, CEO of Discover Crypto, has advised investors to be cautious when investing in altcoins like XRP during the current bull market. He noted that while Bitcoin has reached new highs, altcoins like XRP have not seen significant movement. Jake specifically mentioned that the performance of altcoins like XRP, Cardano, and Polkadot will depend on a decline in Bitcoin's dominance. He also mentioned that meme coins have been favored over utility coins like XRP in this bull season. Despite this, Jake believes that XRP could reach $1 if Bitcoin reaches $100,000. However, he warned investors to take profits as their positions mature and allocate them to Bitcoin, which he believes could reach even higher prices.
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