Have you ever researched the XRP ETF thesis?

[Davidloki]

How many of us have done research on which coin to buy before the year-end that isn't Bitcoin? I doubt no one would come out to say that, because of the so-called pragmatic statement that "altcoins are shitcoins", "don't invest in altcoins", blah blah. Before coming out to talk down on altcoins, have you done research on the thesis of some altcoins? 

To get things straight here. The altcoin I will be referring to is XRP. I took my time to do in-depth research on what I think about XRP, and I will tell you for fun that it will get to $3 soon. It is currently trading at $1.51 following a 45.57% weekly rally. I draw my speculation on institutional ETF interest in XRP. Trump recently spoke about the ripple 4 days ago.

Investment is a matter of choice. I am drawing our attention to this coin because I see potential. Don't forget to DYOR before buying.

[asriloni]

I disagreed. What trump said during his speech was related to the Clarity act that may change the status of some alts like ripple from security to the commodity. However, he didn't explicitly talked about ripple.

This is why i'd abandon ripple then stick to speculate hyperliquid ETF that may be launched in the future because Trump has blatantly said he welcomed Hyperliquid to enter US.

Hyperliquid is more than ripple. 

[Yamane_Keto]

Institutional interest in XRP is nothing new. it has existed since the approval of the Bitcoin ETF. If Trump were to mention XRP or recommend investing in it, the price would reach $3. If Trump's statements are the reason for your investment, then go ahead but bear in mind that it would be a short-term investment.

[TastyChillySauce00]

A lot of us have done research actually and concluded that 90% of altcoins are shitcoins, only very few qualify to be considered as an investment, besides it's not only XRP that is going up. $ENA goes up 70%, $STX goes up 130%, and many others because bitcoin is going up.

The rise isn't exactly because Trump spoke about it, it's simply because the market has turned bullish. XRP is not exactly having the best weekly gain but it has some good gains regardless.

Fun fact, XRP ETF only hold about 1.5% of XRP market capitalization making any thesis about institutional ETF interest in XRP far fetched to drive the influence to the price unlike institutional ETF interest in BTC that's about 6%.

[retreat]

Before coming out to talk down on altcoins, have you done research on the thesis of some altcoins? 

To get things straight here. The altcoin I will be referring to is XRP.

I wonder why anyone would need to spend so much time just researching a shitcoin. There's no need to do in-depth research on this token because it's clearly a shitcoin. Given the controversies surrounding its creators, its architecture, and its close ties to politicians and banks, I can say that this isn't just a shitcoin. It's a total scam.

If, given these facts, you can still say that this shitcoin has potential, then good luck to you.

[hugeblack]

A lot of us have done research actually and concluded that 90% of altcoins are shitcoins,

Given the current number of cryptocurrencies (which is in the millions), a 99% of altcoins are shitcoins would mean there are hundreds of good cryptocurrencies. The actual number is much lower, so even a 99.99% would mean around 10 or 20 good cryptocurrencies, which is more than enough.

Years ago, there was talk that XRP would reach $10. While it's possible we might reach $3, that doesn't necessarily mean XRP would be the best investment.