Here Are 8 Things XRP Investors Should Avoid According to Expert

Amid the incessant chatter within the XRP community, a market pundit has identified eight things he believes investors should avoid.

Notably, Vincent Van Code, a software engineer and long-time XRP community figure, recently shared his concerns about certain behaviors and content that could harm investors’ judgment and financial decisions.

In a recent post on X, he presented a list of eight of these behaviors and content, suggesting that market participants stop following anyone who promotes or engages in them.

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Van Code’s Warnings to XRP Investors

First, he charged investors to stop listening to market commentators who keep asking them what they would do if XRP hit the $1,000 mark. While the XRP to $1,000 price prediction has dominated community discussions, some have persistently asked investors what they would do if this projection materializes. One such entity is American exchange Uphold. 

Secondly, some individuals and project founders have leveraged the active XRP community to promote tokens besides XRP itself. While some of these projects may be genuine, Van Code insists that investors should stop listening to anyone who engages in such promotions, especially if they do so with “a bunch of technical jargon.”

For the third point, Van Code targeted community pundits who often make bold claims and, instead of providing verifiable sources to these claims, opt to present screenshots that the average investor cannot easily substantiate. 

In his fourth point, Van Code also advised against looking out for projects that promise yields. Notably, while the XRP Ledger has been around for over a decade, it still does not have a native yield-bearing feature. 

As a result, projects such as Flare’s FAssets and Axelar’s mXRP have stepped in to provide investors with an opportunity to earn yield on their XRP holdings by simply locking up their tokens. Notably, FAssets has already locked up 20 million XRP. However, Van Code has advised caution, also insisting that investors always read the terms of such projects.

The List Goes On

Meanwhile, in his fifth warning, Van Code took aim at video representations of famous individuals, promising a giveaway for the XRP community. Notably, most of these videos are AI-generated and come from bad actors looking to hack the accounts of unsuspecting investors. Last January, Ripple CEO Brad Garlinghouse called attention to some of these videos featuring his likeness.

The sixth point involved Vincent Van Code’s suggestion that investors stop listening to community pundits who post content with philosophical bearings in an effort to convince them to purchase something. 

Seventh, with the XRP community recently being home to speculations of all kinds, the software engineer warned market participants to be wary of individuals who make claims they do not understand. For his eighth and last point, Van Code advised against listening to those who throw around the word “quantum” in content unrelated to quantum computing or even the field of physics.