However, in the video below, Lewis speculates on only US$8 to $13 in the next bull run. As I'm writing this, XRP is AUD$0.78 cents, so that's still OK.
Alternative Wild Speculation...
Numerous other videos from other channels, such as the one below, posted today, speculate on very high prices very soon.
XRP RIPPLE, OCT 23 - NOV 21 !!!!!!! $11,350 XRP !!!!!!!
or this...
Of course, nobody really knows, and this may not happen. Time will tell!
Do you want to get involved in the crypto revolution?
It has become easier and easier to own digital assets as this industry matures.
Here is where to buy crypto coins or assets:
FOR AUSTRALIAN RESIDENTS ONLY, I RECOMMEND:
CoinSpot is an Australian exchange based in Melbourne. They make it easy to buy and sell Bitcoin, plus more than 150 other cryptos. Their dashboard is VERY easy to use and they have a reputation as a secure exchange In fact the CoinSpot platform is the first cryptocurrency exchange in Australia to receive ISO (International Organization for Standardization) accreditation. Because of that, their sign-up procedure is more thorough than some, however, CoinSpot is a really good place to begin your crypto journey!
To open a CoinSpot account using my affiliate link CLICK HERE.
If you prefer extra security, after you have purchased crypto, you can self custody it by storing it on your own hardware wallet. Click the banner below for purchase details.
To read a book with step by step instructions on how to use the above hardware wallet, simply copy and paste the following into a search engine, and purchase the info in a format that suits you best: Ledger Nano S: Bitcoin and Ethereum Hardware Wallet Beginner’s Guide (Cryptocurrency, Crypto) by Shokoyo Matsushita
DISCLAIMER: Cryptocurrency is extremely volatile, therefore you should never invest more than you can afford to lose! You are responsible for your own actions. I am not a financial advisor... This website does not contain financial advice.
Should you buy into the top coins, or is it best to buy undervalued, lower cap coins?
Here's how I look at it. Please be aware that this is NOT financial advice. It is my view only. You should do your own research.
The way I see it, the world is about to go through an economic reset. The future financial system will be based on cryptocurrency assets, not fiat money, like dollars, which are fast becoming obsolete.
There is ONE major crypto coin being trialed to handle all cross border payments in the banking system worldwide. That coin is XRP (originally OpenCoin), which is sometimes also called Ripple, reflecting the name of the company behind it.
Ripple is currently working with over one third (more than 250) of the world's largest banks.
Financial institutions like banks are not stupid - not all of them anyway. They would not work with Ripple if they didn't think the company was legitimate.
XRP price is currently around 23 cents U.S. per coin (as at July 2020) however, the true value is several HUNDRED to several THOUSAND dollars per coin according to MANY analysts. It was designed to operate at a price of around $20,000 per XRP coin once all the money in the world goes through it. Considering the notional value of outstanding over-the-counter (OTC) derivatives is currently over $632 trillion, I believe it will go into thousands of dollars per coin.
XRP is probably the world's most undervalued financial asset!
Therefore, I believe XRP is a very good investment.
Here's a link to watch all the XRP ledger transactions happening in real time: https://livenet.xrpl.org Click on one of the dots to see details of a single transaction. Wait a few seconds and choose Simple, Detailed, or Raw view.
If you want to diversify, another important coin (in my opinion) is XRP's sister coin, Stellar Lumens(XLM).
Stellar (XLM) is a crypto that is very similar to XRP, and sometimes follows XRP in price fluctuations. The Chief Technical Officer of Stellar was the former CTO of Ripple until 2013.
There is a third coin with great potential that most people don't yet know about:
Proton (XPR). Proton is very undervalued and should also be considered, as I believe it is 3 times faster than XRP and has even better tech. All user transactions are completely free. Send $20 to someone, the person gets $20. You pay nothing. Proton may replace XRP someday.
Also consider:
Shiba Inu (Shib). This is a meme coin that is better than Dogecoin and considerably cheaper. Their current value is tiny, however systems are being put in place to burn a large amount of the oversupply. If this does happen successfully, it will create millionaires.
Lunar Classic (Lunc). Ditto for the price of this coin... current value is tiny and large amounts may be burned soon, thereby lowering supply and greatly increasing value.
How about other high ranking coins, like Etherium and Bitcoin?
Etherium may be an okay investment for now, but long term, only time will tell. I believe you can do much better.
As for Bitcoin, again, it maybe okay for now, but I personally wouldn't touch it!
Why not?
Bitcoin is outdated technology.
1) Bitcoin is not scalable.
2) Transfers are very slow
3)Transactions are expensive.
4) It's controlled by Chinese miners
5) Although not likely, it is subject to a %51 attack.
6) It's an environmental disaster... it takes 72,000 GW (or 72 Terawatts) of electricity to mine one Bitcoin. Because of this, I believe there is a possibility of it being outlawed by the future one-world government which is on the horizon... You are free to disagree with me!
FOR AUSTRALIAN RESIDENTS ONLY:
CoinSpot is an Australian exchange based in Melbourne. They make it easy to buy and sell Bitcoin, plus more than 150 other cryptos. Their dashboard is VERY easy to use and they have a reputation as a secure exchange In fact the CoinSpot platform is the first cryptocurrency exchange in Australia to receive ISO (International Organization for Standardization) accreditation.
To open a CoinSpot account using my affiliate link CLICK HERE.
____________________________
None of the above is financial advice. Please do not invest more than you can afford to lose!
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