Ripple’s XRP has been the subject of recent media attention, and for good reason. The cryptocurrency has seen a significant rise in 2024, with a gain of over 258% since the beginning of the year.
XRP price had risen significantly from a low of $0.22 in early 2021 to around $2.30 in mid-December. XRP has now surpassed stablecoin Tether (USDT) to become the third largest cryptocurrency by market capitalization, a testament to its extraordinary growth.
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Linda Jones, a well-known wealth mentor, recently delivered her most up-to-date newsletter, which has created a lot of excitement among members of the international crypto community.
The beginning of a new technology cycle
Jones underlines that we are at the beginning of a new technological cycle. She claims that digital assets are about to revolutionize the tokenization of assets and money, much like communications transformed by the Internet.
An excerpt from my weekly newsletter today:
Digital assets, in my opinion, should potentially outperform tech stocks like the Magnificent 7 (Apple, Alphabet, Google, Tesla, Meta, Amazon and Nvidia) by as much as ten times.
Why?
There are seven reasons I can think of:
1. We’re early…
— Linda P. Jones (@LindaPJones) December 19, 2024
Investors willing to adopt this emerging asset class can benefit from substantial growth prospects as a result of this transformation. Jones emphasizes that digital assets have historically been the most successful asset class, just like Bitcoin increase of almost 30,000% over the past decade and XRP followed closely behind with a 35,000% increase over the same period.
Untapped market potential
The current low adoption rate of digital assets is one of Jones’ most compelling arguments. She notes that only 5% of people worldwide have invested in cryptocurrencies, indicating that there is a huge untapped market waiting to be developed.
Private investors are currently better positioned than institutional players, as they cannot fully enter the market due to regulatory barriers. However, Jones expects that institutional capital will soon flood the market in response to expected regulation around crypto and stablecoins in early 2025.
Newly elected US President Donald Trump’s recent proposal to grant an exemption capital gains on digital assets taxation in the United States reinforces this optimism. This policy has the potential to substantially increase the potential of US projects such as XRP and Cardano (ADA) by shifting investment to them if implemented.
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A favorable political climate
Political changes also favor digital assets. Jones notes the appointment of David Sacks as Crypto and AI czarciting his pro-crypto stance as PayPal COO. This leadership change shows a commitment to promoting cryptocurrencies.
$XRP I’m going to make history next year
— Bitstamp (@Bitstamp) December 20, 2024
Furthermore, Congress has become much more pro-crypto lately, creating an environment ripe for regulatory clarity and expansion.
With XRP and other digital assets accelerating due to changing regulations and greater investor confidence, Jones expects 2025 to be a defining year for them. Other business leaders share her sentiments; they believe that XRP can become historic this year.
Featured image of DALL-E, chart from TradingView
