In a week marked by a remarkable 8.7% surge, XRP, the cryptocurrency associated with Ripple, has garnered additional attention as Bitboy, aka Ben Armstrong, hails it as the undisputed champion poised to lead the upcoming crypto bull run, anticipated to extend from next year to 2025.
In a recent YouTube video, Armstrong, renowned in the crypto community, lavished praise on XRP, asserting that it is the “finest coin in all the land.” The crypto influencer evaluated XRP on various criteria and positioned it as the frontrunner for the impending bull market.
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Here’s a breakdown of Armstrong’s key assessments
- Exceptional Team (10/10): Armstrong commended Ripple’s team, led by prominent figures such as Brad Garlinghouse, Chris Larsen, Monica Long, Stuart Alderoty, and David Schwartz. He deemed them the best in the industry and awarded the team a perfect score of 10/10.
- Marketing Prowess (10/10): Ripple’s marketing strategy received accolades from Bitboy, who described it as the best-concentrated marketing campaign in the crypto industry. Despite targeting institutional investors, Ripple’s advertising gained unexpected traction through the U.S. Securities and Exchange Commission (SEC) lawsuit, which Armstrong noted has cost the company around $200 million.
- Community Commitment (10/10): The XRP community earned a perfect score for its unwavering commitment. Armstrong declared it the best community in the crypto world, acknowledging their dedication and support for XRP.
- Performance History (10/10): Despite past challenges, Armstrong argued that XRP’s performance during the last bull run was hindered primarily by SEC suppression. He highlighted that XRP was the second-best-performing cryptocurrency in the 2017 bull run, achieving profits as high as 700x.
- Tokenomics (9/10): While XRP scored high in most aspects, its tokenomics received a 9/10. Armstrong noted that half of the supply is held by Ripple and released slowly from escrow monthly, impacting the perfect score.
- Utility (10/10): Armstrong emphasized that XRP’s utility is set to soar as it becomes increasingly integrated into the world’s banking system, earning it a perfect score.
- Speculation and Technology (10/10): XRP scored full marks for speculation and technology, positioning it as a formidable player in the crypto space.
- Decentralization (9/10) and Chart (8/10): Armstrong acknowledged XRP’s room for improvement in decentralization and chart-related aspects, scoring 9/10 and 8/10, respectively.
Summing up the evaluation, Armstrong gave XRP an impressive total score of 96/100, confidently stating that no other cryptocurrency could beat that score. He declared XRP the standard for the upcoming bull run, reinforcing its potential dominance in the crypto market.
While Bitboy’s assessment exudes optimism, investors need to consider various factors, including market dynamics and potential regulatory developments, as they navigate the ever-changing landscape of the crypto space.