Ripple’s Early Investor Draws Strategy to Acquire Highly Lucrative Cryptocurrencies
The popular Crypto Bitlord who is also famous for being an early investor of Ripple (XRP) has said that he has drawn a strategy that will determine which cryptocurrencies would outperform in terms of acquiring huge returns on investments. He was of the view that as per his understanding Kusama and Polkadot are the two projects which could potentially be the most profitable projects in the near future.
Crypto Bitlord became part of the crypto industry in the year 2012 and is regarded as one of those pioneers who poured heavy investments in XRP in its early days. It is said that at that time he bought XRP for an amount of US$ 0.008 but a few years later the prices of XRP gone high as 50,000% and was sold at a price of US$ 3.84.
In his pursuit of acquiring exorbitant profits, the Crypto Bitlord takes into account certain factors such as data analysis, reviews as well as fundamental analysis for determining the future performance of a digital asset. While commenting on the world’s most traded cryptocurrency, he said that Bitcoin is going through hard times but it still has the potential to overcome the challenges that have posed a great threat to it. He advised the Bitcoin owners as well as the cryptocurrency investors as a whole that they should not kill their hopes in the cryptocurrency but rather wait for the right time to cash in their investments. He also criticized and said that the most popular tokens on trending these days are no more than a scam.
He also took Ethereum to task and stated that the current DeFi projects frenzy is only a “trend.” As per him, the “trend” will end after some time. However, those who are thinking about investing in it for a longer period should embrace the possibility of being scammed. That’s because there are scams in the traditional markets. As risky as DeFi is, there is a high potential of getting scammed.
Regarding Kusama and Polkadot projects, Crypto Bitlord said that he has shifted his entire focus on both the projects as he finds them both to be most lucrative projects guaranteeing huge returns in the end.
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