Ben Armstrong, one of the well-known names in the crypto money market, recently made statements about BitBoy, XRP and these 3 altcoin projects! These altcoins may be on the rise soon! Here are the details…
Popular crypto analyst BitBoy made critical statements for XRP!
Prominent cryptocurrency analyst and YouTuber Ben Armstrong, aka Bitboy, reacted to the impressive price XRP showed recently. In a tweet today, the crypto analyst hinted that the recent price action of cryptocurrencies is likely driven by insiders with some positive news that has not yet been made public. Here are Armstrong’s words:
Do you think XRP is rising like this for no reason? Insiders are always the leading news. The only question is, what’s the news?
XRP, which started a rally by rising to the level of $ 0.49 during the day, has led to speculation about a possible decision in the long-standing legal battle between the United States Securities and Exchange Commission (SEC) and blockchain Ripple, according to reports.
The new airdrop may have caused a rise in the price of XRP
On the other hand, the reason for the rapid rise is probably the xCORE airdrop planned for XRP holders by the Sologenic Development Foundation. As highlighted by pro-XRP attorney Bill Morgan, Sologenic’s SOLO token also experienced a similar price increase over the same period.
Specifically, to commemorate the launch of the enterprise blockchain, project Coreum, which was originally built on the XRP Ledger, announced that the xCORE airdrop will be handing out XRP and SOLO holders. For the snapshot, he set March 24, two days from now, and the distribution will take place on May 15.
Meanwhile, the latest rally appears to be supported by a chart pattern identified earlier this month by a crypto analyst known as Crypto Michael (@MichaelXBT). In particular, the price of XRP formed a narrowing descending channel against the price of BTC on the daily chart, causing the trader to expect an upside break. In a tweet today, Crypto Michael used the asset’s price to retest $0.43 before continuing its bullish momentum.
Instantly, the XRP price declined and traded at $ 0.427313, although it climbed to the level of $ 0.49 during the day.
Bitboy states that Zero-Knowledge altcoin projects can mark the year 2023!
Zero-Knowledge cryptocurrencies are gaining more and more attention in the crypto world. One of the analysts who touched on this issue at BitBoy. The first altcoin on the analyst’s list appears as Polygon (MATIC). Mentioning Immutable X (IMX) after Polygon, which came to the fore with its major partnerships, the name became one of the best-performing cryptocurrencies of the week with an increase of 33 percent.
Another altcoin mentioned by the analyst is MINA, which is the target of Bitcoin whales. In addition, Bitboy, which also transfers Optimism (OP), gives high points to these cryptocurrencies. Stating that the concept of projects can be complex to explain and less visually appealing than other projects, the analyst believes, however, that the potential benefits of zero-knowledge altcoin projects will attract crypto users in the long run.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.