Trader Royal Kane advises against investing in XRP due to high market cap

Dubai-based crypto trader Royal Kane, with 32000 followers on X, stated he will not invest in Ripple’s XRP, citing its market capitalization exceeding 81000 million dollars as excessively large without a clear product or revenue. Kane prefers investing in coins he considers undervalued with strong narratives. He previously highlighted Solana’s 500-fold rise since its lows in 2021 based on the 'Ethereum killer' narrative, PEPE’s 1000-fold gain from its lows in 2024 linked to the 'next SHIB' narrative and community strength, and ZEC’s 70-fold increase from its lows this year associated with a 'next Bitcoin' narrative due to limited supply and privacy advantages. Kane emphasized that investors should seek coins with compelling narratives that can attract market attention in the coming years.

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