Market Analysis
Bearish
Early Trader: XRP's Market Cap Too High for Investment, Smaller Coins Better
A Dubai-based cryptocurrency trader Royal Kane has stated he will not invest in XRP at current prices. He explained that compared to mid-cap cryptocurrencies, XRP has limited upside potential given its market capitalization size. 'With no new products or meaningful revenue growth from XRP, and its market cap already too large, I absolutely will not invest in Ripple (XRP) at this stage,' he said. Royal Kane has been investing in cryptocurrencies since 2016.
Korean Source
This article is an English localization of a Korean-language crypto news report. Original headline: 초기 트레이더 "리플 시총 너무 높아서 투자 안해..중소형 코인이 나아"