Cryptocurrency influencer Ben Armstrong, popularly known as BitBoy, has sparked an intense discussion among investors with a provocative claim that could reshape their perspectives on digital assets.
In a recent post on X, Armstrong boldly asserted that investors who hold more XLM than XRP will ultimately regret favoring XLM.
Armstrong’s prediction comes at a unique moment in the cryptocurrency market, where both XRP and XLM have demonstrated remarkable growth. While XLM has technically outperformed XRP in recent weeks, Armstrong remains steadfast in his conviction about XRP’s potential.
Here's the problem with picking $XLM for your portfolio. One day you'll wish you just bought $XRP !
— The BitBoy (@BenArmstrongsX) November 24, 2024
The current market data provides an intriguing backdrop to Armstrong’s declaration. XRP has experienced a substantial rally, climbing from a November low of $0.49 to current trading levels around $1.46, representing an increase of almost 200%. At its November peak of $1.6216, the digital asset was more than 230% above its lowest point.
XLM has experienced more growth, rising from a monthly low of $0.08952 to its current price of $0.5242, experiencing an impressive gain of over 450% over three weeks. At its November peak of $0.6342, XLM achieved a remarkable increase of almost 610%, dramatically improving its market positioning from #30 to #13.
Both assets have historically shown correlation and their rallies coinciding hasn’t surprised many. However, Armstrong’s statement has, because XLM seems to be the better performer on the surface.
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Community Reactions
One user revealed that he had made significant profit from XLM over the past week, and stated that his only regret was not doubling down on the digital asset. However, another user described this as a short-sighted view. He noted that this was an initial phase, and XRP would outperform XLM in the long run.
XRP has historically been a late bloomer in the market but has always outperformed most other digital assets. Armstrong recently predicted that XRP and the ONDO token would be the two best-performing cryptocurrencies next year.
The underlying technology and partnership ecosystems of both XRP and XLM contribute to their market appeal, and both are viable options for the current cycle. However, the XRP community, including Armstrong, is confident that the digital asset can outperform the market in the current cycle. Armstrong recently revealed a crucial factor that can help XRP achieve this goal.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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