|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Top Analyst Explains Why Holding 14,000 Ripple’s XRP Tokens Could Be Life-Changing
Sep 26, 2024 at 12:30 am
In a video posted on YouTube, crypto analyst Lewis Jackson discusses the significance of owning 14,285.71 XRP. The analyst discussed its potential to transform investors’ financial futures.
A crypto analyst on YouTube has highlighted a specific XRP holding that could significantly impact investors' financial futures.
According to the analyst, a crucial milestone for XRP investors is to reach 14,285.71 XRP. This quantity, as explained by the analyst, serves as a strategic financial threshold.
The idea is to sell 30% of these holdings to realize immediate profits, while the remaining 70% will continue to be held for future appreciation.
The analyst suggests a 70/30 split in managing Ripple’s investments. This strategy encourages investors to sell 30% of their holdings during price surges, securing profits while still holding the remaining 70% for potential long-term wealth accumulation.
This approach allows investors to take advantage of present gains without compromising future growth, especially given the analyst's predictions for XRP’s value over the next two decades.
The analyst expresses confidence that the retained 70% of XRP is poised for significant long-term appreciation.
His predictions indicate that XRP’s price will rise dramatically, suggesting that the portion held could ultimately yield substantial financial rewards. He characterizes the retained XRP as having the potential to create “massive damage,” indicating its ability to generate significant returns as the asset appreciates.
For those fortunate enough to hold 14,285.71 XRP, the analyst advises selling 4,285.71 XRP, which represents the 30% intended for profit-taking.
This tactic allows investors to secure gains while still maintaining a core holding of 10,000 XRP for long-term growth. He refers to this remaining amount as the “hodl bag,” which enables investors to benefit from both immediate price movements and future appreciation.
Emphasizing the importance of financial flexibility, the analyst argues that taking profits is essential.
He notes that while life is finite, money can be reinvested, making it vital to enjoy some financial gains now rather than postponing gratification indefinitely. He stresses that utilizing 30% of XRP for profit-taking enhances financial freedom while still positioning for future growth.
Although cautious about pinpointing exact timelines, the analyst does reference some ambitious price forecasts for XRP, suggesting it could reach $10,000 per token.
Such an increase would dramatically enhance the value of a 10,000 XRP holding, potentially resulting in a portfolio worth $100 million. He believes that small investments made today could grow exponentially as these price predictions materialize.
For investors who hold more than 14,285.71 XRP, the analyst suggests increasing the percentage of holdings sold for profit.
He recommends that as one’s XRP stash grows, so too should the percentage sold, catering to individual financial goals and timelines. However, he maintains that at least 10,000 XRP should remain in the portfolio as a long-term asset.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Uptober: MyTonWallet Adds Support for Tron-Based Assets as TON Coin (TON) and DTX Exchange (DTX) Prepare for Massive Gains
- Sep 26, 2024 at 04:20 am
- The best experts in the crypto market believe a rally is coming this year in October like it did in many previous years. Hence, the popular bullish term, “Uptober.â€
-
- Fantom (FTM): What It Is and What Its FTM Coin Is All About
- Sep 26, 2024 at 04:20 am
- Fantom is a high-performance Layer-1 blockchain platform built on a Directed Acyclic Graph (DAG) architecture designed to provide fast and low-cost solutions
-
- Visa Launches Platform to Help Banks Test Tokenised Assets
- Sep 26, 2024 at 04:20 am
- The financial services company's new platform will allow financial institutions to issue fiat-backed tokens and test out their use cases.
-
- Army veteran Bernard “Barney” Mayrsohn receives a replacement for the jacket he lost 80 years ago
- Sep 26, 2024 at 04:20 am
- At 101, Army veteran Bernard “Barney” Mayrsohn considers himself a lucky man. He has his health, his 77-year-old son, Mark, living nearby, and a comfortable home overlooking Miami's Bay of Biscayne.
-
- Vitalik Buterin Praises Celo's Growth, Surpassing Tron In Stablecoin Usage
- Sep 26, 2024 at 04:20 am
- The Celo blockchain has received a significant endorsement from Ethereum co-founder Vitalik Buterin, marking a pivotal moment in its ongoing development.
-
- Altcoin Season is Coming: Bitcoin (BTC) Steps Back, Altcoins Break Out of Falling Wedge
- Sep 26, 2024 at 04:20 am
- In recent weeks, many altcoins have started to outperform Bitcoin (BTC). This has sparked speculation that the market could be inching toward the anticipated altcoin season.
-
- Sui (SUI), Tron (TRX), Toncoin (TON), and DTX Exchange (DTX): The Altcoins Poised to Challenge Solana's Price Trajectory
- Sep 26, 2024 at 04:20 am
- This bull run has witnessed a massive surge in various altcoins, which are set to pose challenges to Solana’s price trajectory. Sui blockchain (SUI), Tron (TRX), Toncoin (TON), and DTX Exchange are the top altcoins seen as threats to the Solana ecosystem.
-
- TON, LINK Emerge as Key Market Movers as Crypto Space Turns Erratic; IntelMarkets (INTL) Hits a Milestone With Route X21 Protocol
- Sep 26, 2024 at 04:20 am
- As the crypto space becomes highly erratic with the fourth quarter of 2024 almost around the corner, some altcoins emerge as key players in the crypto space.
-
- The Best Cryptos to Buy in Q4 2023: Avalanche (AVAX), Binance Coin (BNB), or DTX Exchange (DTX)
- Sep 26, 2024 at 04:20 am
- Historically, the fourth quarter is when cryptocurrencies see their most explosive price increases. With 2024 being a bullish year, the trend is expected to repeat itself. Hence, this is the best time to buy cryptos.