Expert argues XRP's value is stable, free of bubbles
Cryptocurrency assets are constantly changing, and most have speculative bubble characteristics, making their value unpredictable. A market analyst says XRP's value is strong and immune from speculative bubble pressures like other cryptocurrencies.
Is XRP Stabler Than Top Cryptos? SMQKE, a crypto enthusiast, recently discussed XRP's key attributes that make it durable.
The expert provides a paper to support his assertion that the token's value is strong since it is not prone to speculative bubbles like Bitcoin (BTC) and Ethereum (ETH).
Thus, macroeconomic and financial trends and Bitcoin price swings did not affect XRP. Fry (2018) used a rational bubble model to find Bitcoin and Ethereum bubbles but not XRP.
A speculative bubble occurs when investor excitement, optimism, and the prospect of future price rises drive financial market prices rather than asset fundamentals.
Since 2017, Ethereum and Bitcoin have been in a speculative bubble caused by enormous price manipulation and misleading centralized techniques, according to SMQKE. Due to its technical security, XRP has no speculative value bubble.
Due to its usefulness in real-world usage, notably cross-border transactions and institutional finance, SMQKE's projection suggests that the hype techniques driving a huge chunk of the cryptocurrency market cannot affect XRP's price. XRP's price would climb due to organic growth and network utilization, he said.
SMQKE then referenced his prior article arguing that Bitcoin and Ethereum are not as “decentralized” as many industry insiders assume, bolstering the altcoin's longevity.
An Altcoin Bull Run Like 2017 Several crypto specialists are predicting short-term growth for XRP after a temporary market rebound. The cryptocurrency may have a 2017-style bullish breakout this year, according to crypto specialist Pharaoh.
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