Prominent Bitcoin Trader Proclaims XRP as the Next Star Asset of the Bull Market
In a bold proclamation that has caught the attention of the crypto community, a well-known Bitcoin trader going by the username “Doctor Profit” has designated XRP as the forthcoming shining star of the current bull market. With half a million dollars invested in the asset, Doctor Profit is confident in XRP’s potential for substantial growth within the next 30 to 60 days.
This declaration comes at a time when the crypto market is experiencing an upswing, with Bitcoin surpassing the $52k mark and driving gains for other assets like Solana (SOL) and Cardano (ADA). Despite a recent market pullback, both SOL and ADA have maintained impressive 30-day trajectories, each surpassing a growth rate of 20%. However, XRP has not mirrored the momentum of its counterparts since Bitcoin’s surge, with only a modest cumulative gain of 3.67% over the past 30 days.
This divergence in performance is likely a contributing factor to Doctor Profit’s belief that XRP is poised to seize the spotlight as the next valuable asset. The Bitcoin trader recently disclosed his significant investment of half a million dollars in XRP, acquiring 888,353 XRP in two transactions at an average price of $0.56 just four days ago. Shortly after the acquisitions, the value of the newly acquired XRP portfolio rose by $10,098 as XRP surged to $0.5714.
Notably, this recent purchase marks Doctor Profit’s first substantial investment in XRP since acquiring the asset at $0.32 the previous year. While some skeptics within the crypto community have raised doubts about Doctor Profit’s bold proclamation, an increasing number of market observers are recognizing the bullish potential in XRP.
As the bull market continues to unfold, all eyes will be on XRP to see if it lives up to Doctor Profit’s prediction and emerges as the next shining star in the crypto market.
Analyst comment
This news can be evaluated as positive as it highlights a prominent Bitcoin trader proclaiming XRP as the next star asset. As an analyst, it is expected that XRP will experience substantial growth within the next 30 to 60 days due to this proclamation and increasing market recognition of its bullish potential.
