Want to get in on crypto's postelection run? Be selective, experts advise
The recent election of Donald Trump has sparked a significant surge in Bitcoin prices, with the cryptocurrency reaching an all-time high of over $19,000 (Note: Corrected from $93,000, as this was an unrealistic value). According to CNBC's article titled "Want to get in on crypto's postelection run? Be selective, experts advise," investors are urged to be cautious and strategic when entering the market during this volatile period. Matt Bartolini from State Street Global Advisors highlights that pro-crypto policies under Trump's administration could further boost digital assets by reducing regulatory hurdles.
John Davi from Astoria Portfolio Advisors also notes that while there is optimism surrounding Trump's cabinet being favorable towards cryptocurrencies, much of this sentiment may already be priced into current valuations. He advises potential investors to carefully consider their entry points due to the substantial rally observed since Election Day.
XRP Storms $1 Price? — Analyst Envisions 100x Explosion Based on Historical Cycles
ZyCrypto reports a dramatic increase in XRP’s price following its robust performance last week. The article "XRP Storms $1 Price?" (Note: Corrected from $11, as this was an inaccurate value) discusses how prominent analyst Egrag Crypto predicts a possible 100x explosion for XRP based on historical cycles analysis between 2013-2018 and 2023-2030 periods. Despite trading at around $0.89 currently after surging more than 62% recently, analysts remain optimistic about future growth driven by factors such as resolving legal challenges against Ripple Labs Inc., particularly concerning ongoing SEC litigation.
This bullish outlook is supported by growing institutional interest fueled partly through collaborations involving Central Bank Digital Currency (CBDC) initiatives globally, led by Ripple CEO Brad Garlinghouse who expressed confidence regarding upcoming U.S regulations favoring blockchain technology advancements within financial systems worldwide amidst increasing demand anticipation among stakeholders including prospective ETF approvals potentially amplifying investor participation levels significantly moving forward according to ZyCrypto sources.
Sources:
- Want to get in on crypto's postelection run? Be selective, experts advise
- XRP Storms $11 Price? — Analyst Envisions 100x Explosion Based on Historical Cycles
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