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Ripple: Former Goldman Sachs employee predicts 1500% XRP ral

时间:2020-08-01 05:00来源:未知 作者:admin 点击:
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Will Meade, a former employee of financial giant Goldman Sachs, recently made his first investment in the crypto market. Meade is the founder of a $1.4 billion hedge fund and revealed that he bought the digital asset

pending a new rally in the market.

Meade confessed to being inexperienced in cryptocurrencies, but he is confident that

will reach again his all-time high of around $20,000. The rest of the cryptocurrencies like

,

) and XRP will also return to their all-time highs. For XRP, according to Meade, this will represent a rally of 1500%:

In the crypto community, some users celebrated the influx of fresh capital into the market. However, other users such as developer Ricardo Spagni, known as Fluffypony, were less optimistic. Spagni comforted Meade on his “loss” and said he would be better off buying penny stocks.

As

by CNF, XRP has been one of the worst performing assets in the last year with losses of 56%. Recently an XRP whale published a report stating that the price of the digital asset has remained stagnant due to Jeb McCaleb’s sales. The co-founder of Ripple owns a large amount of XRP that he sells periodically.

However, one of XRP’s biggest critics, Peter Brandt, apparently made a bullish prediction for the cryptocurrency. In a tweet, the legendary trader predicted a Bitcoin and Ethereum rally with a .03276 target for the first cryptocurrency. In his prediction, a user asked ironically what the fate of XRP would be. The analyst simply

: “higher”.

Significant breakout in

with target of .03276

Most alts should gain on

in near future

— Peter Brandt (@PeterLBrandt)

Just one month ago Brandt advised all his followers and investors to put at least 10% of their savings into Bitcoin. In contrast, Brandt

that the investor shouldn’t have faith in XRP and was critical of Ripple’s scheduled token sales. A report by Weiss Crypto states that Bitcoin and Ethereum are both showing gains of more than 150% from their annual lows. In contrast, XRP has fallen 20%, according to Weiss Crypto, in the same period.

On Meade’s prediction, a Bloomberg report

that Bitcoin is in a transition phase to a form of digital gold. Due to current factors, especially the Covid-19 pandemic, the market favors and encourages a “stable” behavior in the price of BTC. Therefore, the cryptocurrency seems to resist rising above the price range it has had since the beginning of June. The report predicts a rise in the price of BTC towards $12,000 in the short term.

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