Ben Armstrong, a popular crypto analyst, has opened his best bets for the next bull run. The analyst is very hopeful of Ripple and the leading cryptocurrency Bitcoin. It is also bullish for Cardano.
The best cryptocurrency for the future bull run!
Ben Armstrong, aka BitBoy, shared his views in a YouTube video expressing his bullish sentiments about XRP. Armstrong believes that XRP will start another bull run after the upcoming summary verdict. His final prediction is based on a summary decision in favor of XRP.
Every avid crypto participant knows that the SEC and Ripple summary decision will impact the industry. If the SEC wins, more crypto assets will fall under its jurisdiction. But if Ripple wins, it will become the first cryptocurrency with regulatory clarity that changes the narrative for many other assets. In particular, BitBoy believes that XRP will rise if there is a compromise.
Bitboy’Fame Reasons to choose XRP
In his latest video, the analyst mentions that the long fight could end in June or July, given the closing hearing schedule. He also acknowledges that Judge Torres could render the summary judgment before that date. He reiterates that XRP can only initiate an uptrend if Ripple wins the battle through a firm win or compromise. But in BitBoy’s view, if settlement is preferred for Ripple to avoid further appeals from commission, this will prolong the legal pressure on the altcoin.
Bitboy believes that if the win comes through a compromise, XRP’s chances of rising will increase. According to the analyst, the altcoin will become a unique asset as it will be the only altcoin declared “non-securable” after the tedious hearing. However, some senior officials expressed that the decision would be a resolution, not a compromise. cryptocoin.comAccording to Paul Grewal, Coinbase’s Chief Legal Officer (CLO), the outcome that will trigger the SEC’s appeal will be a verdict. Also, CryptoLaw founder John Deaton, who represents Ripple holders, shared the same view, stating that the case will not result in a settlement between the two parties.
Cryptocurrencywill rise after stock market re-listing
Another reason Bitboy said it would raise the price of XRP was because top exchanges like Coinbase have relisted XRP. Notably, after the SEC filed suit, many crypto exchanges removed XRP from their platforms, causing a price drop during this period. However, during the video, the influencer states that if these exchanges relist the altcoin after Ripple wins, the price will rise again.
This is not the first time the analyst has shared such beliefs. He took the same stance on Twitter on April 4, stating that if XRP wins without the possibility of an objection from the SEC, it will lead the next bull run. Also, on April 13, Bitboy suggested that XRP will soon make investors rich, so they should stick with it.
Notably, the XRP price is still holding the $0.5 level it reached on March 29. It is difficult to predict its possible move in the coming weeks until the upcoming summary judgment.
Bitcoin’s Impressive Run in 2023
As we enter the second quarter of the year, Bitcoin has gained more than 80% to date, with an impressive spike triggering renewed optimism around the cryptocurrency. Bitboy Crypto shares his theory of Bitcoin’s all-time high, suggesting that Bitcoin’s true intrinsic value peaked on April 13, not November 9.
He argues that the $63,000 Bitcoin at the time had more purchasing power and was worth more than the $69,000 Bitcoin later in the year due to inflation. Bitboy believes that at $63,000, Bitcoin can buy more goods and services such as eggs, lumber, used vehicles and even larger homes.
Interestingly, the analyst discussed his price prediction for Cardano (ADA), a popular cryptocurrency with a market cap reaching an all-time high of $95 billion. The Cardano price prediction looks very conservative with estimates ranging from $1.54 to $1.95 by 2025. Bitboy Crypto feels that these projections underestimate Cardano’s potential growth, especially given the relatively low inflation rate of 3.6%.
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