Dizer Capital Founder Explains Why XRP Investors Should Not Miss Out On the Token Despite Its Unimpressive Price Action

The founder of Dizer Capital, Yassin Mobarak, recently revealed why crypto investors should not miss out on investing in XRP despite its unimpressive price action so far.

Yassin Mobarak, the founder of Dizer Capital, has recently shared his thoughts on why crypto investors should consider adding XRP to their portfolios despite its lackluster price action.

In a series of X (formerly Twitter) posts, Mobarak acknowledged the difficulty of holding XRP due to its slow price movements. However, he expressed optimism about the crypto token's future rally, highlighting that investors should not miss out on the opportunity to gain exposure to XRP before it skyrockets.

Mobarak's comments come as XRP has struggled to make significant gains in 2023. The crypto token is currently down by 2% year-to-date (YTD), with investors waiting for a rally after a class-action lawsuit against Ripple Labs Inc was dismissed last year.

Despite the dismissal of the lawsuit, which many XRP investors had hoped would lead to the token being classified as a security measure and surging in value, XRP has remained below the $1 mark.

The recent conclusion of the case between Ripple and the US Securities and Exchange Commission (SEC) had also raised expectations for XRP, but the token has not yet broken the $0.6 resistance.

Mobarak, who has had a 'love/hate relationship' with XRP due to its price action, has previously criticized Ripple for suppressing XRP's growth and stated that XRP holders were being sold a "dream that may never come true."

In contrast to Mobarak's bullish statement on XRP, Raoul Pal, the CEO of crypto firm Real Vision, has advised crypto investors to avoid older coins like XRP.

According to Pal, it is wiser to focus on newer crypto narratives and that XRP belongs to an older bull market cycle. He also stated that XRP investors should not be in a cult and that only those at the top, such as Ripple CEO Brad Garlinghouse, are likely to make money from the coin.

At the time of writing, XRP is trading at around $0.6, up in the last 24 hours, as reported by CoinMarketCap.

The above is the detailed content of Dizer Capital Founder Explains Why XRP Investors Should Not Miss Out On the Token Despite Its Unimpressive Price Action. For more information, please follow other related articles on the PHP Chinese website!