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Famous crypto influencer Ben Armstrong has described XRP as “the finest coin in the land.” Armstrong analyzed XRP by breaking down the project into various categories, including performance, utility, and speculation.
In a recently uploaded video, Armstrong claimed that the main reason Ripple didn’t make all-time highs during the last bull run was because of the U.S. Securities and Exchange Commission’s (SEC) suppression. However, he showed that XRP was the second-highest performing coin of the 2017 bull run, behind IOTA. During the 2017 bull run, XRP made a massive gain of over 44,000%, establishing its position as one of the top cryptocurrencies.
Moreover, the renowned influencer stated that XRP’s adoption within the banking system is fundamental to its rise in the coming bull run. Several banks, financial institutions, and payment systems currently support XRP. Onafriq, a fintech company formerly known as MFS Africa, announced partnering with Ripple to facilitate digital asset-enabled cross-border payments between Africa and several new markets. Also, following its partial victory in the court case against the SEC, the Ripple’s team expressed confidence that U.S. banks will start wanting to use XRP for cross-border transactions.
Armstrong thinks XRP will be used by the entire banking system, considering the project’s utility, which appears to be fueling the heightened speculation around XRP. According to him, people within the crypto community are explaining how XRP can reach $10,000 per coin valuation.
Following his analysis of XRP across the various categories, including the team, marketing, chart, community, tokenomics, technology, and decentralization, Armstrong believes the crypto token would become one of the best-performing cryptocurrencies during the upcoming bull run in 2024-2025.
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