Are you crazy! XRP's 300 times increase may reappear, PUMP new coin ICO ignites new battles in the crypto market!
From a macro cycle perspective, Real Vision CEO Raoul Pal believes that if Trump wins in 2024, the economic cycle will be similar to that of 2016, with the dollar rising first and then correcting, and the Trump administration tends to let the dollar weaken cyclically, which previously helped XRP surge nearly 30,000% from 2017 to 2018. The current macro environment is similar, with the dollar retreating. XRP is currently priced at $2.3; if it were to replicate some of its previous gains, the potential cannot be underestimated, although extreme increases are merely speculation.
Looking at the new dynamics in the crypto market, the Solana-based memecoin platform Pump.fun launched its official token PUMP through an ICO on July 12, with a total of 15% and a unit price of $0.004. Although the revenue from transaction fees after its launch is considerable, recent market share has declined, and there has been constant controversy before the token issuance; however, market expectations remain high. Overall, XRP is supported by macro cycles, and PUMP is gaining attention due to the new coin issuance, so investors must consider their own risk tolerance when making decisions.
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