Ripple’s XRP has been the subject of media attention of late, and for good reason. The cryptocurrency has had a huge rise in 2024, with a gain of more than 258% since the beginning of the year.
The price of XRP has risen sharply from its low of $0.22 in early 2021 to around $2.30 as of mid-December. XRP has now surpassed stablecoin Tether (USDT) to become the third largest cryptocurrency by market capitalization, a testament to its impressive growth.
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Linda Jones, a well-known wealth advisor, has recently submitted her current newsletter, which has generated a lot of interest among members of the international crypto community.
The Beginning of a New Technological Cycle
Jones insists that we are at the beginning of a new technological cycle. He argues that digital assets are poised to transform commodity tokens and money, much like the internet transformed communication.
An excerpt from my weekly newsletter today:
Digital assets should outperform tech stocks like the Magnificent 7 (Apple, Alphabet, Google, Tesla, Meta, Amazon and Nvidia) by about 10x, in my opinion.
Why?
There are seven reasons I can think of:
1. Let’s hurry…
— Linda P. Jones (@LindaPJones) December 19, 2024
Investors who are ready to use this emerging asset class may take advantage of the huge growth prospects due to this change. Jones emphasizes that digital assets have historically been the most successful asset class, with Bitcoin experiencing an increase of around 30,000% over the past decade and XRP following closely behind with a 35,000% increase over the same period.
Unexploited Market Opportunities
The current low rate of digital asset acquisition is one of Jones’ most compelling arguments. He notes that only 5% of people worldwide have invested in cryptocurrencies, indicating a huge untapped market waiting to be developed.
Retail investors are currently in a better position than institutional players as they cannot fully penetrate the market due to regulatory barriers. However, Jones expects that institutional money will quickly flood the market in response to the expected regulations of crypto and stablecoins in early 2025.
US President-elect Donald Trump’s recent proposal to exempt large profits from digital assets located in the United States from taxation serves to strengthen this hope. This policy has the potential to greatly increase the power of American projects such as XRP and Cardano (ADA) by redirecting investment to them if implemented.
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Suitable Political Area
Political change also favors digital goods. Jones notes the appointment of David Sacks as Crypto and AI czar, citing his pro-crypto stance as PayPal COO. This leadership change shows commitment to developing cryptocurrencies.
$XRP I will make history next year
– Bitstamp (@Bitstamp) December 20, 2024
In addition, Congress has recently grown more pro-crypto, creating a favorable environment for regulatory clarification and expansion.
As XRP and other digital assets rally in the face of changing regulations and increased investor confidence, Jones expects 2025 to be a defining year for them. Other business leaders share his sentiments; they believe that XRP may become history this year.
Featured image from DALL-E, chart from TradingView