The investment expert, crypto enthusiast and the advisor to Nest Platform recently said that the investors should look into a currency that hasn’t surged yet.
Recently, the trends of XRP and BCH have been bullish. These two currencies specifically have shown massive surges over the past week. These surges have put investors into motion and they have been considering buying XRP. The volumes speak for themselves as the volume of XRP is approaching that of ETH and the analysts are predicting that XRP might even be able to topple the monopoly formed by ETH in altcoin’s domain. The volume of XRP as of press time is around $22.625 billion while that of ETH is $23.411. Moreover, the valuation of XRP has also increased exponentially over the past week or so, as it was previously standing at $0.37 and is now floating around $0.567 (as per www.coinmarketcap).
Although the currency has shown positive growth and is ever-increasing regardless of the surges and plunges of the market, investment expert Sam Ball doesn’t recommend the investors to look into the surging currency. He said talking to BlockPublisher in this regard,
Find something that hasn’t pumped yet or wait for a better entry.
Further on the subject he explained that he’d wait for the currency to plunge back down. His words seemed to imply that the bullish behavior of the currency might saturate in the days to come and instead of increasing, the currency might show signs of red. So, it wouldn’t be the best move to flock into the currency and investing huge amounts. Better wait for a currency that hasn’t either pumped yet or wait for a plunge in XRP or look for better tokens which have more utility and potential of mass adoption on blockchain and in the crypto industry.
I’d wait until it’s gone back down or look for something which hasn’t pumped yet. People buying now will probably just end up as back. I could be wrong but I think it’s hard to argue recent events have made it 3x more valuable than it was a week ago.
The investors who are showing a massive interest in the currency might want to reconsider their plans for investments after considering this.