“Bitboy Crypto”, one of the leading analysts in the crypto money market, pointed to the rise for the popular altcoin Ripple (XRP) and Cardano (ADA)! According to the analyst, these two altcoins can make their investors millionaires! Here are the details…
Bitboy Crypto’s statement caught the attention of the community: 150k XRP!
Popular crypto analyst Bitboy, whose analysis we previously shared as Kriptokoin.com, recently announced the amount of Ripple (XRP) that a crypto investor must hold in order to have “millionaire” status in the data he transferred on YouTube. According to Ben Armstrong, an investor must have 150,000 XRP to become an XRP millionaire. This caught the attention of many investors in the community and caused reactions. Some community members shared surveys.
On the other hand, the survey conducted by Jenna, a famous XRP community member, received an important response from XRP investors. Most survey respondents think it takes much less than 150,000 XRP units to become a millionaire. In addition, 62.5% of respondents think they need less than 150k XRP, while the second group with 22.6% of votes thinks 150k as correct.
. @Bitboy_Crypto predicts Approx 150K $XRP to become a millionaire.
What do you think, #XRPArmy?
— Jenna Ⓧ (@JennaXCrypto) May 14, 2023
However, Armstrong made a cautionary statement following the result of a poll, reiterating the importance of a conservative approach. Bitboy’s comments followed its own prediction that 150,000 XRP would put the person in millionaire status. In light of the results, Armstrong cautioned against being too aggressive in forecasting, highlighting the potential harm such over-enthusiasm can do to individuals. Bitboy talked about the lessons learned during the previous bull run and emphasized the importance of a more conservative mindset. He cautioned that while ambitious forecasts are tempting, they can lead to unrealistic expectations and potentially hurt investors. However, “I learned something from the last bull run, being more protective never hurt anyone. Being too aggressive with predictions can hurt people.” in his words.
https://twitter.com/Bitboy_Crypto/status/16580945966696539136
In an instant, for 150 thousand altcoin XRP to make a person a millionaire, the value of XRP must be above $ 6.7. XRP is momentarily located at $ 0.42 and is far from this level. Cryptocurrency trader Edward Farina stated that he believes that 10 thousand XRP can provide financial freedom, contrary to Bitboy’s 150,000 XRP recommendation.
Analyst: “120 thousand ADA can make altcoin investors millionaires!”
On the other hand, popular crypto analyst Bitboy pointed to the next bull market by stating that the current price of ADA contains great potential. At the beginning of his analysis, Armstrong suggested that ADA was trading at $1 levels even in the bear market. However, in a bull market, the ADA price could rise significantly, according to the expert. Drawing attention to the old ATH level for ADA, Bitboy reveals that the $3 level can make an investor with more than 300 thousand ADA a millionaire. According to the expert name, ADA, which is instantly at the level of $ 0.40, can make its investors millionaires with a purchase of $ 120 thousand.
Openly explaining Cardano assets and his rise in the project, Armstrong expresses his belief that the price of altcoin ADA will rise even higher and make the millionaire milestone more attainable. Armstrong expects ADA to exceed $3 during its next bull run, driven by factors such as increased interest in emerging economies and the upcoming Hydra update.
Bitboy presented three scenarios for the future price of ADA. In the first scenario where the market cap of ADA reaches $175 billion, a good rise in the crypto bull market, ADA price could exceed $5. In this case, having 200,000 ADA would equal one million dollars at the current price. In the second scenario, if Cardano manages to triple its previous market cap, ADA priced at $8 will result in a market cap of $280 billion. It takes about 125,000 ADA to become a millionaire, which would cost roughly $50,000 at the current price of $0.4.
Armstrong’s third scenario involves ADA rising parabolicly, threatening Ethereum’s market value. If ADA’s market cap exceeds $350 billion to reach $10, owning 100,000 ADA will be enough to reach one million dollars and will require an existing investment of approximately $40,000. On the other hand, Bitboy highlighted the potential of ADA’s staking rewards, emphasizing that even smaller investments can yield significant returns. For example, staking 10,000 ADA costing around $4,000 would be worth $100,000 if the price of ADA reaches $10 during a bull market.
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