Ethereum

Cardano

Jungle

Polkadot

<p class="is-style-lead">A crypto analyst expressed optimism about the current crypto market while also urging investors not to get carried away.</p> 
<p>In a recent video published on the Jungle Inc Crypto YouTube channel, the analyst expressed the belief that we could be at the start of a new bull run, but cautioned that there are no guarantees.</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="People Don't Understand this about XRP" width="1020" height="574" src="https://www.youtube.com/embed/BZYo1Ju1i8U?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
 </div>
</figure> 
<blockquote class="wp-block-quote"> 
 <p>This looks bullish. This is exciting this very well may be our moment, but you just don’t know that so don’t do stupid stuff like leverage to the hilt because some youtuber told you it’s a guaranteed bull run.</p> <cite>Jungle Inc Crypto</cite>
</blockquote> 
<p>The analyst pointed to advancements in major cryptocurrencies like Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>), Ethereum (<a href="https://crypto.news/price/ethereum/">ETH</a>), and <a href="https://crypto.news/price/xrp/">XRP</a> as reasons to be excited. For example, he believes Bitcoin is progressing towards integration with traditional finance, Ethereum recently successfully switched to a proof-of-stake model, and the regulatory clarity around XRP in the U.S. is a positive development.</p> 
<p> You might also like: <a href="https://crypto.news/bitwise-investment-officer-says-multiyear-crypto-bull-market-starts-now/"> Bitwise investment officer says multiyear crypto bull market starts now </a> </p> 
<p>Additionally, the analyst sees other layer one blockchain networks like Cardano (<a href="https://crypto.news/price/cardano/">ADA</a>) and Polkadot (<a href="https://crypto.news/price/polkadot/">DOT</a>) as far more ready for adoption than last cycle. He thinks frustration with high fees and congestion on Ethereum could drive users to alternatives.</p> 
<p>While being upbeat about crypto’s potential, the analyst discouraged investors from taking excessive risks based on YouTube hype. He warned that while settlement in the Ripple SEC case would benefit XRP, an appeal could prolong uncertainty for Ripple. He also expressed concerns about increasing censorship risks on the Ethereum blockchain.</p> 
<p>The analyst also covered JPMorgan CEO Jamie Dimon’s criticism of crypto and Coinbase share sales by ARK Invest’s Cathie Wood. He speculated Wood may be taking profits amid crypto’s big run this year.</p> 
<p> Read more: <a href="https://crypto.news/buy-xrp-not-bitcoin-analyst-suggests/"> Buy XRP, not Bitcoin, analyst suggests </a> </p>

Crypto analyst sees XRP as a potential market driver

crypto.news

Autres articles publiés le 7 déc. 2023

Beyond Sponsorship: Gianluigi Buffon's Leap into OQtima and the New Era of Sports-Finance Synergy

Players Swarm to Top Casinos to win Bitcoin before the Bull Run

Sui Joins DeFi Leaders, Topping $100M in Bridged USDC (7 Dec)

BITCOIN Market Moods: Temporary Calm or a Bearish Storm Brewing

KAVA is Showing Positivity in Price Action, Can it Reach $1 Mark?

Vivek Ramaswamy slams Gary Gensler, SEC over ineffective crypto rules

Join our free newsletter for daily crypto updates!