2 days ago
It’s been a rough few days for crypto prices after several weeks of upward pumps. After rallying nearly 300% in the past two months and even briefly flipping Tether’s USDT to become the third-largest crypto by market cap, Ripple-associated cryptocurrency XRP has lost roughly 16% of its value over the last 14 days. But despite the price correction, one analyst is urging investors to stop doubting XRP’s potential. Armando Pantoja, an IBM blockchain award recipient and angel investor, believes a meteoric XRP bull run is just around the corner. SEC vs. Ripple Lawsuit Nears Conclusion In a December 28 post on the X platform, Armando Pantoja noted that XRP “shocked the world” in 2017 when it rocketed from approximately $0.003 to hit its still-standing all-time high of $3.40 in January of the next year, a move that skeptics claimed could “never happen.” Now, Armando thinks the Ripple-promoted crypto is bound to surge as Ripple’s long-running legal battle with the U.S. Securities and Exchange Commission is approaching closure. A judicial ruling last year determined that Ripple’s sales of XRP to retail investors did not break U.S. federal securities laws, representing a favorable verdict for Ripple. Yet the courtroom drama has continued in 2024. In October, the SEC lodged an appeal contesting parts of the previous year’s ruling, focused instead on XRP sales on digital asset trading platforms and personal sales by Ripple’s top executives. A Ripple cross-appeal quickly followed it. Nevertheless, it’s widely expected that the SEC will drop the appeal as the current chairman Gary Gensler prepares to resign in January. Trump’s Crypto-Friendly Regime Will Especially Be Good For XRP Furthermore, Pantoja suggested that XRP stands to benefit a lot from a Donald Trump administration. On Dec. 4, Trump tapped pro-crypto businessman and former SEC Commissioner Paul Atkins as his nominee for the next SEC boss. The nomination of a pro-crypto SEC commissioner to take Gensler’s place was one of the president-elect’s promises to crypto voters on the campaign trail and a highlight of his keynote address at the July Bitcoin 2024 conference in Nashville, Tennessee. It’s worth mentioning that multiple asset managers have now submitted applications to kick-start the regulatory process on U.S.-listed spot XRP exchange-traded funds (ETFs) under a more crypto-friendly SEC.
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Bitcoin Primed To See Multiple Months of New All-Time Highs, Says Quant Analyst PlanB – Here Are His Targets
![Quantitative crypto analyst PlanB says that Bitcoin ( BTC ) is gearing up for months of new all-time highs. In a new video update, crypto strategist PlanB tells his 200,000 YouTube subscribers that 2025 will have many months that will see the top crypto asset by market cap reach heights it hasn’t witnessed before. “Historically, if we have an all-time high in price, there’s a high probability that we’ll see more all-time highs in price. We saw that in 2020, 2021, in 2017, and in 2013. A new all-time high leads to another all-time high [and] a whole bunch of other all-time highs. So yes, we had an all-time high in December [of] 108,000, but not the closing price. However, I do expect for 2025 that we’ll see many more months with all-time highs similar to the previous bull markets.” According to PlanB, the flagship digital asset’s average price for the next four years is $500,000. However, he notes that it will likely not be exactly $500,000 and fall somewhere between $250,000 and $1 million. “The stock-to-flow model looks forward in time and it gives a 2024-2028 target of an average price of about $500,000… The rule of thumb: one standard deviation band is about two times the 500,000, which is 1 million, and 500,000 divided by two, which is 250,000, so we have a wide range of 250,000 to 1 million where I expect the average of the four-year price cycle to be.” The stock-to-flow model compares the supply of an asset or commodity with its flow of production. Bitcoin is trading for $98,445 at time of writing, a 1.6% increase on the day. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bitcoin Primed To See Multiple Months of New All-Time Highs, Says Quant Analyst PlanB – Here Are His Targets appeared first on The Daily Hodl .](/image/6778ecdb2c327.jpg)
Quantitative crypto analyst PlanB says that Bitcoin ( BTC ) is gearing up for months of new all-time highs. In a new video update, crypto strategist PlanB tells his 200,000 YouTube subscribers that 2025 will have many months that will see the top crypto asset by market cap reach heights it hasn’t witnessed before. “Historically, if we have an all-time high in price, there’s a high probability that we’ll see more all-time highs in price. We saw that in 2020, 2021, in 2017, and in 2013. A new all-time high leads to another all-time high [and] a whole bunch of other all-time highs. So yes, we had an all-time high in December [of] 108,000, but not the closing price. However, I do expect for 2025 that we’ll see many more months with all-time highs similar to the previous bull markets.” According to PlanB, the flagship digital asset’s average price for the next four years is $500,000. However, he notes that it will likely not be exactly $500,000 and fall somewhere between $250,000 and $1 million. “The stock-to-flow model looks forward in time and it gives a 2024-2028 target of an average price of about $500,000… The rule of thumb: one standard deviation band is about two times the 500,000, which is 1 million, and 500,000 divided by two, which is 250,000, so we have a wide range of 250,000 to 1 million where I expect the average of the four-year price cycle to be.” The stock-to-flow model compares the supply of an asset or commodity with its flow of production. Bitcoin is trading for $98,445 at time of writing, a 1.6% increase on the day. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bitcoin Primed To See Multiple Months of New All-Time Highs, Says Quant Analyst PlanB – Here Are His Targets appeared first on The Daily Hodl . ZyCrypto
Ripple CEO Welcomes Most ‘Pro-Crypto US Congress’ in History
Not without some controversy and tense moments, the 119th US Congress was officially sworn in, with Republicans dominating both chambers for the first time in six years. Trump-backed Mike Johnson was re-elected as the US House Speaker on the first ballot in a 218-215 vote on Friday. Many in the cryptocurrency community were quick to praise the new administration, even before Donald Trump’s inauguration later this month, including Ripple’s CEO. Today, here in the US, we welcomed the 119th Congress—better known as the most pro-crypto Congress in history. The journey is just beginning, but you can’t deny the energy & excitement already building across the industry. Let’s get to work. — Brad Garlinghouse (@bgarlinghouse) January 3, 2025 Shortly after the elections in early November, Garlinghouse noted that US-based cryptocurrency projects had benefited the most from Trump’s landslide victory as the Biden administration and the SEC, in particular, had suppressed many such businesses. This was evident from the skyrocketing prices of assets like XRP and ADA. Additionally, reports started to emerge that Ripple’s CEO, alongside IOG’s Charles Hoskinson, had met with Trump or people from his team to discuss their involvement in the upcoming regulatory framework around the crypto industry. Although those rumors were never confirmed by Garlinghouse himself, he has been openly praising the upcoming administration, including the Republican-dominated Congress, which he called ‘the most pro-crypto’ in history. The XRP army is particularly focused on the changes in the SEC. The agency and Ripple have been in a four-year-long legal battle, which was nowhere near its end during Gensler’s tenure. However, with his departure in just weeks and Trump’s pro-crypto choice for new SEC chair, the community is anticipating a quicker and perhaps more favorable closure to the case. The post Ripple CEO Welcomes Most ‘Pro-Crypto US Congress’ in History appeared first on CryptoPotato . ZyCrypto
