Is XRP Overvalued? Analyst Doubts Sustainability, Calls for Caution Amidst Hype. Option2Trade Grows by 100% Within Days

11 months ago 5

ARTICLE AD BOX

XRP stands in the top 10 coins with marketcap and enjoys massive limelight from investors. Though many are optimistic, some mature crypto analysts believe it to be overvalued which creates space for new tokens like Option2Trade (O2T).

Is XRP Overvalued?

Ripple XRP is the native token of XRP Ledger launched as an open-source permission-less and decentralized technology. The price of XRP is currently at $0.60 and increased from its local bottom by about 36% in the last 4 months. It has a $4 billion marketcap and only half of the price is in circulation.

Why the Price of XRP is going up?

XRP price has been surging due to many reasons and factors. Ripple is fighting a legal battle with the U.S. Security and Exchange Commission (SEC) and apparently winning it through a settlement. It is launching a private version of XRP Ledger, a wallet dedicated to central banks and institutions that can increase the use of XRP as a payment method.

XRP is overvalued:

XRP seems to have convinced the investors and justified that its growth is sustainable, however, not everyone is convinced. Some analysts doubt its fundamentals and valuation. These investors have very valid points and they have warned against any investments driven by the hype.

In the large time frame, weekly chart, for example, the price of XRP is still in a bearish trend. On the daily chart, the price of XRP was turning bullish making higher highs on support 1 (shown in the chart above). However, the support couldn’t support the bearish rally. Support 2 is now the local for XRP and support 1 has turned into a resistance. On the 4-hour chart, EMA 20, 50, 100, and 200 are currently acting as a resistance for XRP.

Peter Brandt, who is one of the most vocal XRP critics calls XRP a “manipulated scam” and a “dead end” for the investors. And the last but not the least, the legal challenges for XRP are still there. If the outcome from these cases is not in favor of XRP, it can send a huge FUD, dumping the price on many investors.

Option2Trade (O2T) Growth: Alternative for investors?

While XRP’s investors are skeptical, the void has been covered by a promising coin Option2Trade (O2T), a crypto project that has been gaining traction and popularity. Option2Trade (O2T) is a licensed global trading platform that offers AI-powered and social trading features. The token value grew by 100% within days and this unprecedented growth is bringing in more volumes and investors.

What Makes Option2Trade (O2T) an Attractive Investment?

Whenever a coin is launched, it is offered at a discounted price using Pre-sale or ICO. This is when most of the investors and whales enter to buy it. Once the pre-sale is over, the asset is offered for public sale for a higher price. As soon as the price of the token increases, the pre-sale investors, most likely, sell their holdings.

XRP and many other popular coins are already in their public sales and you have to pay more than what many investors paid. What makes Option2Trade (O2T) (O2T) attractive for investors is, it is still in the pre-sale stage 1. This means that you can buy the token at a discounted price.

To tackle the challenge of price dumps and to avoid the selling pressure, Option2Trade has added many attractive incentives for the token holder. This encourages them to hold the token long-term and bag as many tokens as possible. Here are the reasons why you would never want to sell your Option2Trade (O2T) tokens:

Option2Trade (O2T) tokens can be used to access the premium features on the Option2Trade (O2T) platform like leverage trading, social trading, AI bots, and more.
Option2Trade (O2T) tokens can be your source of passive income as you can stake these tokens to earn rewards, own these tokens to enjoy voting rights, and participate in governance.
Option2Trade (O2T) tokens can be contributed to liquidity pools and earn a share of the trading fees, or rewards in O2T tokens.
Though there are already minimal fees on the platform, you can still use Option2Trade (O2T) tokens to get discounts on trading fees.
Option2Trade (O2T) tokens unlock your way to use tools like leverage trading on a DEX without requiring any KYC process.

To protect the investors from the major price dumps, Option2Trade (O2T) uses token vesting which assures a long-term commitment of the developer team to build the platform to its full scale. XRP’s price rally is skeptical and now many investors are questioning it. However, the growth of Option2Trade (O2T) is being applauded by the crypto community.

For more information on the Option2Trade (O2T) Presale: