Crypto commentator Ben βBitboyβ Armstrong has recognized XRP alongside Bitcoin amongst cryptocurrencies that he believes buyers can’t go flawed with investing in them.
Armstrong expressed this view lately on X, the place he outlined seven cryptocurrencies that he believes are nearly foolproof investments. These embrace XRP, Bitcoin, Ethereum, Solana (SOL), and SUI.
In parallel, Armstrong identified the particular components that underpin his unwavering confidence in these choose digital belongings.
Cash that CANNOT lose:$BTC bc c’mon$ETH bc digital silver/ETF$SOL bc VC Pump Coin$SUI bc Precise Finest Blockchain$XRP bc finish of case +IPO$PYTH & $ONDO bc I do know greater than I ought to
Not monetary recommendation. I make hundreds of thousands & lose it each cycle so do not hearken to me.
β Ben Armstrong aka BitBoy Crypto (@BenArmstrongsX) April 11, 2024
Why Bitcoin and Ethereum βCan’t Loseβ
As for Bitcoin, Armstrong believes it is not uncommon sense to consider BTC can’t lose. Properly-known components supporting this view embrace its enchantment and prominence as probably the most priceless crypto with a cap exceeding $1.39 trillion. To place it in perspective, this valuation is greater than half of the complete worth of the crypto market.
Furthermore, extra institutional buyers are concerned with Bitcoin instantly and not directly by way of exchange-traded funds.
However, Armstrong urged that ETH may have an everlasting enchantment within the digital asset area as it’s being acknowledged as a digital silver, intently mirroring Bitcoinβs digital gold recognition. Moreover, ETH tends to get pleasure from the identical privileges BTC relishes concerning adoption, being its closest rival.
For example, Ethereum has pending purposes for spot ETFs within the U.S. amid the approval for related funding merchandise with Bitcoin. Contemplating this issue, Armstrong famous ETH βcan’t lose.β
The Case for Solana and XRP
Armstrongβs confidence in Solana rests in his view that the token is a βpump coinβ for enterprise capitalists. Furthermore, SOL has gained explosive traction lately with the launch of a number of profitable meme cash on its blockchain.
However, the analystβs conviction in XRP stems from the hope that the SECβs lawsuit is in its ultimate section. Moreover, he sees Rippleβs eventual preliminary public providing (IPO) as having significance on XRP.
In an earlier commentary, Armstrong asserted that XRP holds the best promise throughout the present bullish market. Except for Rippleβs IPO, he cited different supporting components, such because the chance of an XRP ETF and the potential for adoption by main U.S. banks.
Others Cash
Ben Armstrongβs roster of bold cash additionally options SUI, given its standing as the highest blockchain in operation. Moreover, he highlights Pyth Community (PYTH) and Ondo Finance (ONDO) as noteworthy entries because of their concentrate on real-world asset tokenization.
