Crypto investments are among the uncertain ones in comparison to other types of available options—stocks, bonds and equity, etc. Yet despite a lot of speculative traits, crypto investments are an equally popular investment type. It lures the attraction and attention of people looking for an investment option. Among hundreds of options, prominent crypto is considered to be the relatively safe investments like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP (XRP), Cardano (ADA), and several others.
Meanwhile a known pseudonymous analyst goes by the name DonAlt recently shared his thoughts on the various crypto assets. During his new strategy session, he considered XRP as one of the strongest contenders within the crypto space. Moreover, he even said that in case the market would see another sell-off then he would fill his bag with XRP.
DonAlt said in case if he gets “a breakdown on Bitcoin”, then he would choose XRP coin as the one prominent option. He said about looking to accumulate Ripple’s native asset if it would drop to 0.38 USD or lower than that. However, the analyst has hopes that price would not get that lower and he will not have the chance to get it.
Crypto analyst said that he was looking at the charts and XRP was only moving up, looking at which he has a bullish stance on the crypto asset hoping it could go beyond the charts.
Citing the ongoing legal battle between XRP creator Ripple Labs andUS regulator SEC, DonAlt stated his opinion that the former is going to win the case. If anything like this happens, then XRP is likely to surge. He also said the XRP/BTC pair also seems to be performing well and even considered it as one of the best-looking charts within the whole crypto market currently.
Crypto analyst also has to say about decentralized oracle network Chainlink (LINK) which is agreed to be on his radar given its significant performance within the all over crypto market despite the crypto winter.
DonAlt considered the LINK price over 8 USD quite interesting. He opined in case of an earlier mentioned wipeout the crypto asset might not be showcasing its potential for now but it will do so at some point in upcoming time.
Further he added that the crypto asset has been outperforming quite some time in the LINK/BTC pair and so it becomes an interesting chart to follow. He clarified that it is not the only asset that he would rush towards in the case of a wipeout, a price crash or massive sell-off. Yet it is one of the assets that he is considering closely.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.