Raoul Pal said that the XRP market has been stagnating for a long time. Therefore, the businessman advised investors not to hold XRP and ADA anymore, so as not to become emotionally attached to these crypto assets and not to succumb to the fear of missing out on their long-awaited growth.
As Pal put it, investors “nostalgically clinging to old cryptocurrencies like ADA and XRP” could get stuck in them. That would cost them potential profits “in a bull market.” Assets that were once popular and still boast strong communities are no longer the best bets for investors looking to capitalize, Pal said. He advised investors to become “mercenaries” who put their capital into the most promising projects rather than follow the “cult of old coins.”
Cardano founder Charles Hoskinson responded to Pal’s comments with a sarcastic question: when will he and Ripple CEO Brad Garlinghouse meet for a “Secret Cult” meeting? After all, Hoskinson has not yet received any reminders from Pal.
So @bgarlinghousewhen are we going to the Secret Cult meetings? I never got the memo from Raoul https://t.co/Q9NBEoBcfs
— Charles Hoskinson (@IOHK_Charles) August 21, 2024
Raul Pal recently stated that the DOGE meme coin could realize its potential if Tesla CEO Elon Musk helps him do so. Pal recently made an impressive prediction that the cryptocurrency market cap should reach at least $100 trillion in the next decade.
Source: Bits

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