“$ 130 billion is far from justified,” says investor about Ripple (XRP)

Bitcoin (Btc) She was on the rampage again and crossed a 100,000 dollar threshold once again. And when Dad crypto It goes to one of your runs, often need other cryptocurries for driving. It was this time this time, with other coins like the fourth largest market cover, Ripple (XRP)They join the rally.

But according to the investor, Johnny Rice, it’s not just a CSRP case, which catches Bitcoin’s spinwind. Of course, BTC’s swing helps, but behind the shift there is more.

For one, Abdomen Announced Thursday that there was a trade agreement with the United Kingdom – the first of his comprehensive tariff Measures were introduced in April. The news was filled with a positive response in markets. Although few detail was discovered and the agreement has not yet been finalized, this development suggests that the end of the Trading War may be on the horizon.

“Uncertainty launched Trump tariffs hit speculative property like XRP especially hard, so investors were satisfied to see positive launch,” Rice declared.

Meanwhile, Coins announced plans for the procurement of deribit, the leading world cryptocurrency Exchange of derivatives, in agreement worth about $ 2.9 billion. The market also reacted to this, interpretation of movement as a sign of the crypt’s “matrix”, with KSRP and other cryptures that see gains in response.

Thus, Cripto investors have reason to be satisfied, and Bitcoin will soon be able to hit new all the time soon, which will probably have the effect of Ripple over the cryptoon space. However, as for KSRP, the rice is difficult to impress.

“While the positive news market helps the amplified XRP,” Rice said, “I have doubts”.

Even with the growing utility use of the KSRP and the main adoption – the properties that separated it from the flood of the memo coins – and potential tail suitcases, ETF approval, the rice is not sold.

“Regardless of that,” he concluded “with market capitalization over $ 130 billion, I believe it was overestimated.” (Watch a record of rice, Click here)

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Declaration of responsibility: Opinions expressed in this article are exclusively those of the presented investor. The content is intended for informational purposes only. It is very important to perform your own analysis before bringing any investment.

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