XRP, LINK, & DOGE Top Bets For The Next Bull Market: Analyst
- Ben Armstrong identified XRP, LINK, and DOGE as his top picks for the next bull market.
- Armstrong was especially bullish on XRP after its lawsuit and DOGE with its potential integration into X.
- All three of these altcoins saw their prices decline over the past 24 hours of trading.
Yesterday, the Twitter page Whale shared that Ripple (XRP), Dogecoin (DOGE), and Chainlink (LINK) are the best cryptocurrencies to accumulate, according to prominent analyst Ben Armstrong. In one of his latest videos, Armstrong stated that XRP is a no-brainer choice for accumulation.
The analyst is also of the opinion that the effects of XRP’s lawsuit have largely subsided and anticipates a strong performance for the remittance token in the upcoming bull market. Armstrong also proposed that in the event XRP’s price was to drop back to the range of 30 cents, it would present a favorable chance to acquire more of it.
Meanwhile, CoinMarketCap indicated that XRP’s price slipped by 1.70% in the last 24 hours. This left the remittance token trading hands at $0.5163, which was just above its daily low of $0.5157.
With regards to LINK, Armstrong conceded that Chainlink has experienced a decline in his investment portfolio. Nevertheless, he underscored his unwavering faith in the coin. He also asserted that Chainlink holds a unique position in its specific market and is a cryptocurrency deserving of close attention.
LINK was also one of the many cryptocurrencies that saw its price drop over the past day of trading. At press time, LINK was worth about $5.91 after its price declined 1.24%. Additionally, LINK’s price was down by more than 4% over the past seven days.
Lastly, Armstrong urged traders to keep their eyes on DOGE. He also shared his belief that Elon Musk intends to incorporate Dogecoin into the upcoming “everything app,” previously referred to as Twitter. He envisions Dogecoin becoming part of the payment infrastructure within this app, thereby making it a favorable choice for accumulating.
The leading meme coin by market capitalization also experienced a price drop over the past 24 hours of trading. DOGE was worth $0.06229 at press time after its price slid by more than 1.50% throughout the past day.
Disclaimer: The views and opinions, as well as all the information shared in this price Analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
Comments
Post a Comment