Amid contrasting opinions within the cryptocurrency community, Vandell Aljarrah, the co-founder of Black Swan Capitalist, has issued a resolute call to XRP holders, urging them to maintain their positions despite recent advisories to sell. Aljarrah’s stance comes as a rebuttal to Joshua Jake, host of the Discover Crypto channel, who advocated for XRP investors to divest from their holdings amidst what he perceives as the token’s underperformance.
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90-day XRP Trajectory Sparks Debate in the Community
Jake’s recent assertion, grounded in XRP’s lacklustre 90-day trajectory compared to other major cryptocurrencies, has sparked controversy. He highlighted data from CoinMarketCap, showcasing substantial gains in Bitcoin, Ethereum, BNB, and Solana, while XRP lagged with only a modest 5.29% appreciation. Jake’s recommendation to sell XRP was motivated by his belief that holding onto the token amid its stagnant growth resembles holding a stablecoin during a bullish market, devoid of significant returns.
Jake disregards the Optimists’ view on XRP
Furthermore, Jake dismissed optimistic projections surrounding XRP, contending that the notion of it reaching $10,000 per token is implausible and that its potential to revolutionize the global financial system is exaggerated. He advised investors to explore alternative digital assets poised for substantial growth.
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Contrary to Jake’s perspective, Aljarrah vehemently opposes the notion of premature divestment from XRP. He contends that the cryptocurrency market remains in the nascent stages of the current bull cycle, underscoring the impending Bitcoin halving and the yet-to-unfold altcoin season. Aljarrah emphasized the importance of comprehending market cycles for making prudent investment decisions, projecting a peak in market activity between 2024 and 2025.
Disregard advice to sell XRP prematurely. We're at the onset of a bullish cycle, with the altcoin season yet to peak & the Bitcoin halving ahead. Understanding market cycles is essential for prudent investment decisions. We haven't even started. The peak will be from 2024 to 2025
— Vandell | Black Swan Capitalist (@vandell33) March 26, 2024
Community supports Aljarrah’s stance
Supporting Aljarrah’s stance, Edward Farina, Head of Social Adoption at XRP Healthcare, criticized Jake’s assessment as indicative of a lack of understanding of XRP’s intricacies and potential. Farina echoed Aljarrah’s sentiment, suggesting that XRP’s true value and transformative capabilities are often overlooked by sceptics.
As XRP holders grapple with conflicting advice, the debate underscores the nuanced perspectives within the cryptocurrency community regarding the future trajectory of XRP and the broader market dynamics. While Jake advocates for a pragmatic approach to investment, Aljarrah and Farina champion patience and conviction in the face of short-term fluctuations, urging investors to stay the course as the market cycle unfolds.