XRP has been on fire this week, soaring 8.7% in the past seven days. And the good news doesn’t stop there. Ben Armstrong, popularly known as Bitboy, has just declared XRP the undisputed champion of the upcoming crypto bull run, expected to begin next year and last till 2025.
In a recent YouTube video where he rated XRP on different criteria, Armstrong implied that XRP is the complete cryptocurrency. He called the digital asset the “finest coin in all the land,” and listed multiple factors that solidify XRP’s position as the frontrunner.
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Bitboy Crypto’s Ratings
He commended XRP’s team, listing the prominent members including Brad Garlinghouse, Chris Larsen, Monica Long, Stuart Alderoty, and David Schwartz. He described them as the best in the industry and gave the team a 10/10 rating.
Bitboy also commended Ripple’s marketing, describing the company’s strategy as the best-concentrated marketing campaign in the crypto industry. He pointed out that Ripple’s advertising targets institutional investors, so regular people might not see these ads as they go through their daily routines.
He added that although Ripple has a huge marketing budget, the best advertising Ripple has received came from the U.S. Securities and Exchange Commission (SEC). However, he highlighted that the lawsuit from the SEC has cost the company about $200 million. Much more than they would have paid to an advertising firm.
Although Ripple has three consecutive victories over the SEC, the lawsuit has harmed XRP and its adoption in the U.S. However, Armstrong gives Ripple a 10/10 for marketing.
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For XRP’s performance, Armstrong points out that the only reason XRP didn’t reach a new all-time high in the last bull run was because of SEC suppression. He highlighted that XRP’s past performance shows that it was the second-best-performing cryptocurrency in the 2017 bull run. According to the crypto proponent, XRP brought profits as high as 700x, giving XRP another 10/10.
Armstrong also gave the XRP community a 10/10. Commending their commitment, he stated that there’s no better community in the crypto world. However, XRP did not get a perfect score on tokenomics, scoring a 9/10 because half of the supply is held by Ripple and released slowly from escrow monthly.
Armstrong scored XRP 10/10 for utility, highlighting that XRP will soon be used by the world’s banking system. He also gave XRP a 10/10 score for speculation and tech. He gave XRP 9/10 for decentralization and 8/10 for chart, adding up to 96/100. He stated that no other cryptocurrency would beat that score and called XRP the standard for the upcoming bull run.
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