Analyst Tommy Does Crypto shares his thoughts on current trends in the cryptocurrency world, focusing on Bitcoin, Kaspa, and XRP.
Market Expectations for Bitcoin
Tommy Does Crypto highlights the resistance level of Bitcoin around $100K and predicts potential fluctuations between $90K and $100K by the end of December. The analyst believes this could lead to a breakthrough of the psychological $100K mark.
The Case Against Investing in XRP
The analyst notes XRP's recent achievements, including its 4X increase over the last 30 days and its capitalization reaching $139 billion. However, he raises concerns about XRP's centralization and suggests considering an exit at current prices.
Bullish Outlook on Kaspa
Tommy emphasizes Kaspa’s innovative solutions for security, scalability, and decentralization. He entered the project at $0.03, and it is currently trading at $0.15. The analyst projects further growth to $2-$5 during the current bull cycle.
Tommy Does Crypto encourages conducting independent research on Kaspa and warns against investing in centralized cryptocurrencies like XRP.
