Ripple's XRP has been the subject of recent media attention, and for good reason. This digital currency has experienced a significant increase in 2024 with an increase of 258% since the beginning of the year.
XRP price It had risen significantly from its low of $0.22 in early 2021 to around $2.30 in mid-December. XRP has now surpassed Tether (USDT) to become the third largest cryptocurrency by market capitalization, a testament to its tremendous growth.
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Linda Jones, a well-known wealth coach, has recently released her newest newsletter, which has created a lot of excitement among members of the international cryptocurrency community.
The beginning of a new technology cycle
Jones emphasizes that we are at the beginning of a new technology cycle. He believes that digital assets are poised to revolutionize the tokenization of assets and money, just as communications have transformed the Internet.
An excerpt from my weekly newsletter today:
In my opinion, digital assets should outperform tech stocks like the Magnificent 7 (Apple, Alphabet, Google, Tesla, Meta, Amazon and Nvidia) by up to 10x.
why
There are seven reasons I can think of:
1. We are early…
— Linda P. Jones (@LindaPJones) December 19, 2024
Investors ready to embrace this emerging asset class may enjoy significant growth prospects as a result of this transformation. Jones points out that digital assets have historically been the most successful asset class, with the experience of Bitcoin It has increased by nearly 30,000 percent Over the past decade, XRP has followed closely behind with a 35,000% gain over the same period.
Untapped market potential
The current low adoption rate of digital assets is one of Jones' most compelling arguments. He observes that only 5% of people worldwide have invested in cryptocurrencies, indicating a vast market waiting to be developed.
Retail investors are currently in a better position than institutional players as they cannot fully enter the market due to regulatory hurdles. However, Jones expects institutional capital to flood the market soon in response to the expected regulation of cryptocurrencies and stablecoins by early 2025.
US President-elect Donald Trump's recent proposal for a waiver Capital gains on digital assets A tax-free US location reinforces this optimism. This policy, if implemented, has the potential to increase the potential of American projects such as XRP and Cardano (ADA) by directing investments towards them.
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A favorable political environment
Political changes also favor digital assets. Jones mentions the appointment of David Sacks Crypto and AI Czarciting his pro-crypto stance as PayPal's chief executive. This leadership change shows a commitment to promoting digital currencies.
XRP dollars Next year will make history
– Bitstamp (@Bitstamp) December 20, 2024
Additionally, Congress has recently become more pro-crypto, creating an environment conducive to clarity and expanded regulation.
As XRP and other digital assets accelerate in the face of changing regulations and greater investor confidence, Jones expects 2025 to be a defining year for them. Other business leaders share his sentiments. They believe that XRP may become historic this year.
Featured image from DALL-E, chart from TradingView
