A well-liked crypto analyst has predicted an enormous improve for Solana and XRP, foreseeing each cryptocurrencies reaching new all-time highs in 2024.
XRP and Solana 2024 Value Prediction
Outstanding crypto influencer Ben Armstrong has not too long ago revealed a brand new crypto price prediction for XRP, the native token of the Ripple community and Solana (SOL). Armstrong made his predictions dwell on his YouTube channel on December 31.
In line with the crypto influencer, the value of Solana is predicted to skyrocket to $1,000 and XRP to succeed in $7 inside the 12 months. “I believe that XRP will hit $7 and Solana will hit $1000 in 2024. That is not the top, that is not their peak,” Armstrong said.
Notably, the present market worth of Solana stands round $108.75 whereas XRP which continues to be under the $1 peg is buying and selling at $0.63, as reported by CoinMarketCap. This may imply an round 1,000% improve for Solana and a 1,100% improve for XRP.
Armstrong outlined a roadmap for his predictions, involving elements akin to Ripple’s Initial Public Offering (IPO) and the Ethereum Spot Trade Traded Fund (ETF) turning into catalysts for the cryptocurrency’s value surge.
“Here’s the difference between XRP and Solana’s bull run. Solana has had its run up into the bull. It will continue to do well but it already has massively overinflated numbers. XRP is going to slowly wind up and at the end when the Ripple IPO launches that’s when XRP will go through the freaking roof. Because not only will it have the IPO, it will also have the Ethereum ETF going,” Armstrong mentioned.
XRP value recovers from crash | Supply: XRPUSD on Tradingview.comXRP To Outperform Solana
In his YouTube video, Armstrong predicted the long run trajectory of XRP as much as 2025. His projections revolve across the aftermath of the Ethereum Spot ETF potential launch and the potential introduction of an XRP ETF.
The crypto influencer expressed confidence in XRP outperforming Solana sooner or later. This prediction may very well be attributed to the latest constructive developments occurring inside the XRP ecosystem together with the improved regulatory readability and the widespread acceptance of XRP in major crypto exchanges and international locations globally.
“When the ETF gets launched, Ethereum is going to go sky high but what’s gonna happen is people are gonna start thinking about the next coin. What’s the next one that’s gonna get the ETF? This will be in 2025 when this happens. That’s when the XRP gets to long tail at the end of the blow-off top. I think XRP ends the bull run, and Solana starts it,” Armstrong said.
Featured picture from CoinGape, chart from Tradingview.com
