From dropping over 85% from its all-time high price to bagging a small win in its court case against the SEC, we can all agree Ripple has had its fair share of wins and losses this year.
In the midst of the ups and downs, investors are lost for choice on whether to buy more tokens now that prices are low or to cut their losses and move on to projects with better prospects. Experts are giving their various opinions, and investors are taking heed.
In this article, we’ll examine experts’ opinions on the future price of XRP and whether or not it’s the right time to buy the token. While at this, we’ll take a detour to examine the distinct features of a new hybrid memecoin, which experts are saying will mint thousands of crypto millionaires in 2023.
Should I Buy Ripple (XRP) Now?
Ripple may have dropped over 85% from its all-time high price, but this is not deterring early and new investors from wanting to buy up more XRP tokens at the current price. While the frenzy caused by Ripple’s small victory over the SEC has yet to fade, smart investors are wary of buying more XRP before it’s the right time.
Experts analysis of XRP shows that the price of the XRP token is presently trading above a strong support in the $0.47 price region. If the price of XRP is able to bounce off this level and break through the $0.6 resistance level, analysts believe the price of XRP can potentially rally as high as $0.9.
In the event there is an increase in bearish momentum and the price of the XRP token breaks below the present support level, there’s a high probability the price of the token will slump to $0.3. This is why analysts are advising XRP investors to hedge their positions with this new hybrid token that is poised to rake in 200x after launch.
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By implementing deflationary measures, Pikamoon aims to create a sustainable and long-term value proposition for its token holders. As the token supply gradually decreases coupled with an increasing demand for $PIKA, the price of the token shoots up.
This is why the majority of investors have so much faith in the project and are going to the extent of dumping other coins in their portfolio to bag as many $PIKA tokens as they can in the last round of the Pikamoon presale.
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We are in the third quarter of the year, and it’s high time you took your investing career to the next level. Your crypto millionaire dreams are valid, and the Pikamoon presale is your ultimate key to achieving them.
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Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
