Veteran trader Peter Brandt believes that a large-cap altcoin that has been rising in recent times has one of the most bullish charts in crypto.
Brandt tells his 760,700 followers on social media platform X that cross-border payment solution XRP is growing.
The trader shares a chart suggesting that the XRP market cap has cleared the diagonal resistance of a massive triangle that has kept the bear market going for over seven years.
“This is the most powerful chart in the entire XRPUSD crypto world.”
At the time of writing, XRP is trading at $2.51 with a market cap of over $142.621 billion.
Another altcoin on Brandt’s radar is the payments-focused coin Litecoin (LTC). The veteran trader says it is possible that LTC will follow in the footsteps of XRP.
“This has the potential to become another powerful LTC chart.”
At the time of writing, LTC is worth $131.41.
When it comes to Bitcoin (BTC), Brandt says he is bullish on the crypto king for a long time, despite the possibility that other coins or certain US stocks could outperform the leading digital asset in terms of market capitalization .
“Many individual stocks will outperform Bitcoin over the next five to ten years. Of course, what stocks – that’s unknown.
Still, given the choice over the next five and ten years between BTC on the one hand and a randomly chosen growth stock on the other (or any meme or altcoin), I choose Bitcoin.
My point is that young people have way too high expectations.
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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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