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"XRP's Amazing Year Ahead: Top Pundit's Bullish Outlook"

Coin WorldThursday, Jan 30, 2025 3:33 am ET

1min read

Top Pundit Predicts XRP's Amazing Year: Here's Why

A prominent crypto strategist has forecasted an amazing year for XRP, citing several reasons for his bullish outlook. The analyst, known as The Flow Horse, shared his views with his 259,500 followers on the social media platform X.

The Flow Horse believes that the money invested in Bitcoin (BTC) is unlikely to rotate into the altcoin market at levels seen in previous cycles. He attributes this to the fact that many Bitcoin investors, such as Michael Saylor's MicroStrategy and those investing in Bitcoin spot exchange-traded funds (ETFs), are not likely to move their profits into alts. Instead, these entities are holding their Bitcoin on platforms like Interactive Brokers (IBKR) and ThinkorSwim.

Another reason for the lack of an altseason, where altcoins outperform Bitcoin, is the increased number of digital assets compared to previous cycles. The Flow Horse argues that there is not enough liquidity to go around, making it difficult for altcoins to gain traction.

The analyst keeps an eye on the Bitcoin dominance (BTC.D) chart, which currently sits at 59.88%. Traders use BTC.D to track if altcoins are outperforming Bitcoin, as the metric calculates how much of the crypto market cap belongs to BTC.

Despite the lack of an altseason, The Flow Horse suggests that dogecoin (DOGE) may be gearing up for a breakout after a severe correction, dropping below $1. He believes that now could be a good time to take a shot at DOGE, studying retracements to Binance spot listing prices.

Meanwhile, another cryptocurrency, THE OFFICIALMAGACOIN, is making waves in the crypto world. With $1 million raised in minutes during its presale, investors are taking notice as this token outpaces Solana (SOL) and Ripple (XRP) in momentum. Bitcoin (BTC), the original cryptocurrency, continues to lead as a store of value, but THE OFFICIALMAGACOIN is being heralded as the next big opportunity for those looking to maximize their portfolios.

THE OFFICIALMAGACOIN has captured the attention of the crypto community, with its record-breaking presale performance demonstrating

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