BitBoy Believes XRP Is Best Altcoin Bet For Future Bull Run

0 0

A popular crypto influencer, Ben Armstrong, a.k.a BitBoy, has shared his views in a YouTube video expressing bullish sentiments about XRP. Armstrong believes XRP will kickstart another bull run after the upcoming summary judgment. His recent prediction hinges on a summary judgment in favor of XRP.

Every avid crypto participant knows that the SEC vs. Ripple summary judgment will impact the industry. If the SEC wins, more crypto assets will fall under its jurisdiction. But if Ripple wins, it becomes the first crypto asset with regulatory clarity changing the narrative for many other assets. Notably, BitBoy believes that if there’s a settlement, XRP will soar. 

Bitboy Cites Reasons For Picking XRP 

BitBoy mentioned in his latest video that the long battle might end in June or July, given the closing trial calendar. He also agreed that Judge Torres might deliver the summary judgment anytime before then. 

Further, he reiterated that XRP could only kickstart a bullish trend if Ripple wins the battle through an outright win or settlement. But in BitBoy’s opinion, settlement is preferable for Ripple to avoid any further appeal from the commission, which will prolong the legal pressure on the altcoin. 

Bitboy believes that if the win comes through a settlement, the chances of XRP soaring will increase. The altcoin will become a unique asset since it’ll be the only one declared “non-security” after the tedious trial.

But, some top shots have expressed that a ruling will be the decision, not a settlement. According to the Chief Legal Officer (CLO) at Coinbase, Paul Grewal, a ruling will be the outcome that will trigger an appeal from the SEC. 

Also, CryptoLaw founder representing Ripple holders John Deaton shared the same view stating that the case will not end in a settlement between the two parties. 

XRP Will Soar Following Exchange Relisting 

Another reason Bitboy said it would push the XRP price was if top exchanges such as Coinbase relist it. Notably, after the SEC’s case filing, many crypto exchanges delisted XRP from their platforms, causing a price crash during that period.

But during the video, the influencer stated that if these exchanges relist the altcoin after Ripple wins, the price will soar again.

This is not the first time the influencer shared such beliefs. On April 4, he posted the same stance on Twitter, stating that XRP will lead the next bull run if it wins without a possibility of an appeal from the SEC. Also, on April 13, Bitboy stated XRP would soon make investors rich, so they should stick with it.

BitBoy Believes XRP is Best Altcoin Bet for Future Bull Run

knife

Notably, the XRP price is still firm on the $0.5 level it attained on March 29. Also, it is still holding on to its seven-day price gain showing a 0.19% increase in 24 hours. It’s hard to predict its possible move in the coming weeks until the upcoming summary judgment.

Featured image from Pixabay and chart from Tradingview

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 27,174.28
ethereum
Ethereum (ETH) $ 1,905.18
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 307.52
usd-coin
USD Coin (USDC) $ 0.999472
xrp
XRP (XRP) $ 0.525082
staked-ether
Lido Staked Ether (STETH) $ 1,902.85
cardano
Cardano (ADA) $ 0.378357
dogecoin
Dogecoin (DOGE) $ 0.072697
solana
Solana (SOL) $ 21.24
matic-network
Polygon (MATIC) $ 0.896815
litecoin
Litecoin (LTC) $ 94.98
tron
TRON (TRX) $ 0.07682
polkadot
Polkadot (DOT) $ 5.27
binance-usd
Binance USD (BUSD) $ 0.999809
shiba-inu
Shiba Inu (SHIB) $ 0.000009
avalanche-2
Avalanche (AVAX) $ 14.45
dai
Dai (DAI) $ 0.99992
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 27,226.29
uniswap
Uniswap (UNI) $ 5.06
leo-token
LEO Token (LEO) $ 3.60
chainlink
Chainlink (LINK) $ 6.43
cosmos
Cosmos Hub (ATOM) $ 10.61
okb
OKB (OKB) $ 46.28
monero
Monero (XMR) $ 145.74
ethereum-classic
Ethereum Classic (ETC) $ 18.12
the-open-network
Toncoin (TON) $ 1.74
stellar
Stellar (XLM) $ 0.092209
bitcoin-cash
Bitcoin Cash (BCH) $ 114.65
filecoin
Filecoin (FIL) $ 4.96
internet-computer
Internet Computer (ICP) $ 4.80
true-usd
TrueUSD (TUSD) $ 1.00
lido-dao
Lido DAO (LDO) $ 2.31
aptos
Aptos (APT) $ 8.98
quant-network
Quant (QNT) $ 119.21
hedera-hashgraph
Hedera (HBAR) $ 0.050658
arbitrum
Arbitrum (ARB) $ 1.24
crypto-com-chain
Cronos (CRO) $ 0.059365
near
NEAR Protocol (NEAR) $ 1.62
vechain
VeChain (VET) $ 0.019867
the-graph
The Graph (GRT) $ 0.130784
apecoin
ApeCoin (APE) $ 3.15
algorand
Algorand (ALGO) $ 0.152157
the-sandbox
The Sandbox (SAND) $ 0.569772
paxos-standard
Pax Dollar (USDP) $ 0.998858
eos
EOS (EOS) $ 0.907062
edgecoin-2
Edgecoin (EDGT) $ 1.00
frax
Frax (FRAX) $ 0.999595
rocket-pool
Rocket Pool (RPL) $ 49.32
elrond-erd-2
MultiversX (EGLD) $ 37.52
render-token
Render (RNDR) $ 2.59
optimism
Optimism (OP) $ 1.46
aave
Aave (AAVE) $ 63.64
fantom
Fantom (FTM) $ 0.321714
decentraland
Decentraland (MANA) $ 0.484016
theta-token
Theta Network (THETA) $ 0.846381
blockstack
Stacks (STX) $ 0.614112
tezos
Tezos (XTZ) $ 0.910296
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,045.94
axie-infinity
Axie Infinity (AXS) $ 7.10
immutable-x
ImmutableX (IMX) $ 0.811645
havven
Synthetix Network (SNX) $ 2.38
flow
Flow (FLOW) $ 0.729536
usdd
USDD (USDD) $ 0.999846
radix
Radix (XRD) $ 0.072418
bitdao
BitDAO (BIT) $ 0.50125
gala
GALA (GALA) $ 0.030132
neo
NEO (NEO) $ 10.25
kucoin-shares
KuCoin (KCS) $ 7.38
whitebit
WhiteBIT Token (WBT) $ 4.91
curve-dao-token
Curve DAO (CRV) $ 0.853113
bitget-token
Bitget Token (BGB) $ 0.470626
injective-protocol
Injective (INJ) $ 7.91
bitcoin-sv
Bitcoin SV (BSV) $ 32.76
gatechain-token
Gate (GT) $ 4.39
maker
Maker (MKR) $ 666.04
conflux-token
Conflux (CFX) $ 0.285764
klay-token
Klaytn (KLAY) $ 0.185438
gemini-dollar
Gemini Dollar (GUSD) $ 1.00
bittorrent
BitTorrent (BTT) $ 0.00000058565691
kava
Kava (KAVA) $ 1.01
iota
IOTA (MIOTA) $ 0.198454
chiliz
Chiliz (CHZ) $ 0.101067
pepe
Pepe (PEPE) $ 0.000001
casper-network
Casper Network (CSPR) $ 0.046625
pax-gold
PAX Gold (PAXG) $ 1,957.27
tokenize-xchange
Tokenize Xchange (TKX) $ 6.37
xdce-crowd-sale
XDC Network (XDC) $ 0.036451
sui
Sui (SUI) $ 0.951879
terra-luna
Terra Luna Classic (LUNC) $ 0.000085
compound-ether
cETH (CETH) $ 38.29
mina-protocol
Mina Protocol (MINA) $ 0.54358
gmx
GMX (GMX) $ 55.92
huobi-token
Huobi (HT) $ 2.98
tether-gold
Tether Gold (XAUT) $ 1,959.08
dash
Dash (DASH) $ 42.66
frax-share
Frax Share (FXS) $ 6.62
ecash
eCash (XEC) $ 0.000025
trust-wallet-token
Trust Wallet (TWT) $ 1.07
frax-ether
Frax Ether (FRXETH) $ 1,903.59