A crypto investor who once vocally criticized XRP has now made a U-turn, saying that he believes the token has the potential to be one of the best performers in the next bull run.
Virtual Bacon, who has over 100,000 followers on Twitter, said that he had long been critical of XRP due to its perceived centralization and poor price performance. However, he said that he has recently changed his mind after doing more research on the token.
“I hated XRP for years for its centralization and bad price performance,” Bacon said in a tweet. “But now I truly believe $XRP will be one of the best performers in the next bull run.”
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Bacon cited several reasons for his newfound bullishness on XRP. First, he said that he is impressed with the progress that Ripple, the major distributor of XRP, has made in recent years. Ripple has signed partnerships with several major financial institutions, and Bacon believes that these partnerships will help to drive the adoption of XRP.
Second, Bacon said that he is optimistic about the long-term outlook for the cryptocurrency market. He believes that the market is still in its early stages of development and that XRP has the potential to be a major player in the future.
Finally, Bacon said that he is drawn to XRP’s low price. He believes that XRP is currently undervalued and that it has the potential to rally significantly in the next bull run.
On the other hand, he said he thinks many cryptocurrencies with large market valuations have already reached the top in terms of price appreciation, making XRP’s current low price more appealing to investors.
I hated $XRP for years for its centralization and bad price performance. But now I truly believe $XRP will be one of the best performers in the next bull run. Most other large caps are either becoming fundamentally irrelevant or have already pumped.
— VirtualBacon🦇🔊 (@VirtualBacon0x) August 15, 2023
Crypto Community Responds
Bacon’s comments have been met with mixed reactions from the crypto community. Some have expressed support for his bullish outlook on XRP, while others have remained skeptical.
“I’m glad to see that Virtual Bacon is finally coming around to the truth about XRP,” said one Twitter user. “XRP is a great project with a lot of potential.”
Another said, “Everyone is bullish on XRP once the lawsuit went in our favor.” While someone was specific that Bacon shared this to attract likes and followers.
Only time will tell whether Bacon is right about XRP. However, his comments have certainly generated a lot of interest in the token, and it will be interesting to see how it performs in the coming months and years.
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XRP Price Forecasts
Many expert crypto analysts are bullish on XRP for the next bull run. Some are predicting that XRP could reach $12 or even higher.
“XRP is one of the most undervalued cryptocurrencies in the market,” said one analyst. “I believe it has the potential to rally significantly in the next bull run.”
Another analyst said that XRP is “poised for a major breakout.” He believes that the token could reach $50 or even $100 in the next few years.
Of course, it’s important to remember that these are just predictions. The cryptocurrency market is volatile, and anything can happen. However, the bullish sentiment surrounding XRP is certainly encouraging.
It remains to be seen whether Virtual Bacon is right about XRP. However, his comments have certainly generated a lot of interest in the token, and it will be interesting to see how it performs in the coming months and years.
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