The Modern Investor, a prominent crypto pundit, has made a bold claim regarding three prominent crypto giants: Bitcoin, XRP, and Cardano.
The cryptocurrency market has rebounded extensively from last week’s sideways trend as negative macroeconomic impacts dwindle. XRP, for instance, has appreciated 31% from an intra-week low of $1.614 the previous week, with most other digital assets following a similar path.
Nonetheless, most top-tier cryptocurrencies remain considerably lower than last year’s closing prices. Assets like Bitcoin and Cardano are down 10.61% and 24.26%, with XRP receding 37% from its January high of $3.399.
Meanwhile, prominent market pundit the Modern Investor has asserted that the three assets mentioned earlier are selling at a massive discount. In a recent tweet, he insinuated that they would see far higher prices in the near and long term, citing developing bullish traction.
Prominent Blue-Chips Pretty Underrated
The analyst affirmed a bullish disposition towards Bitcoin, Cardano, and XRP. He branded them “pretty underrated” at their current market price, insisting on a sustained upward momentum to higher prices.
His Saturday post highlighted an earlier update from March 4, which maintained a similarly bullish stance. The prominent pundit stated in the commentary that those not holding XRP, Cardano, and Bitcoin might be in financial ruin this year.
The YouTube video mentioned a few reasons for this bias, including Donald Trump’s establishment of the US crypto reserve. The pro-Bitcoin president, who vowed to make America the crypto capital of the world, announced XRP and Cardano as part of the national stockpile on March 2.
The Modern Investor highlighted that the fact that any government could consider cryptocurrencies like XRP and Cardano as a hedge against their local fiat currency is a precursor for massive adoption.
Furthermore, the analyst highlighted the bullish momentum around the XRP ecosystem following Ripple’s strategic partnership with 12 central banks and world governments to use XRP and facilitate the creation of central bank digital currencies (CBDC) and stablecoins using the XRP Ledger.
For context, a report emerged that Ripple is in contact with over 30 countries to adopt its CBDC platform. Notably, the firm has confirmed partnerships with five of them, including Colombia, Bhutan, and Hong Kong, while making considerable progress with other nations.
The Modern Investor believes this development makes XRP and Cardano wise bets, predicting a price explosion in the near term. Yesterday, he reiterated this stance while urging market users to consider aping into the blue-chip assets.
Possible Targets for XRP and Cardano
Meanwhile, the analyst is not alone in his undervaluation theory regarding XRP and Cardano. For context, millionaire pundit Alex Becker has insisted that most major crypto assets sell at an unnatural discount, urging massive accumulation. Specifically, he asserted that Cardano could easily skyrocket to $5.
Additionally, analyst Dr. Cat has stressed that XRP’s minimum peak price for the cycle is $4.5, with other targets like $20, $50, and $100 still realistic targets for the XRPL native token.
At the time of writing, XRP holds the all-important $2 price mark, trading at $2.13. ADA, on the other hand, exchanges hands at $0.64.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
