XRP Deemed A Masterpiece For Long-Term Investment By Crypto Analyst, Here’s Why

Quick Summary:

Since the recent ruling in the US SEC’s battle against XRP on Wednesday, there has been a spike in optimism and interest in the altcoin’s prospects.

Despite the long-standing tussle, which impacted the price of XRP significantly in 2020, several crypto analysts like Doctor Profit still believe in the coin’s potential in the long term.

According to the expert, the development is a very bullish one because of the newfound regulatory certainty and the wave of optimistic speculations to come, while reiterating his prediction about an XRP Spot Exchange-Traded Fund (ETF).

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: Hungary

Topics: SEC Doctor Profit CBDC Securities and Exchange Commission Bitcoin Central Bank's Digital Currency ETFs Ripple Macro Bull Run XRP XRP Spot Exchange-Traded Funds XRPUSD

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-09 @ 18:00:41 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 499 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22000691

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