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Pseudonymous crypto influencer Sistine Research shared three self-proclaimed “contrarian takes” on the future of certain cryptocurrencies, including Ripple (CRYPTO: XRP), Ethereum (CRYPTO: ETH) and the Maga Memecoin (CRYPTO: TRUMP) token.
What Happened: The influencer outlined their belief that XRP, the digital currency associated with Ripple, is currently undervalued. They predict that it will outperform most major cryptocurrencies over the next 12-24 months as the ongoing SEC case resolves.
The analyst also expects Ethereum to start outperforming soon, as the attractiveness of DeFi increases with the Federal Reserve cutting rates and yields dropping. They believe more money will move on-chain and into DeFi, favouring ETH, Aave (CRYPTO: AAVE), Uniswap (CRYPTO: UNI), Lido Dao (CRYPTO: LDO) Pepe (CRYPTO: PEPE), and TRUMP.
Sistine Research also sees value in the TRUMP token. They argue that the market currently believes there is a 49% chance of a Trump election win (based on Polymarket data), which could lead to a significant increase in the value of the meme coin.
If Trump wins, they expect the crypto market to surge on the likelihood of a Bitcoin (CRYPTO: BTC) strategic reserve getting priced in. However, TRUMP has lost over 90% of its value from the all-time high.
Why It Matters: Sistine Research’s views provide a contrarian perspective, suggesting potential opportunities for investors willing to take on more risk. The forecast for XRP is particularly notable given the ongoing legal battle between Ripple and the SEC, which has created uncertainty around the digital currency.
The prediction for Ethereum and the associated DeFi tokens suggests a shift in the market dynamics as traditional financial mechanisms adjust.
If the TRUMP token continues to sell off due to fears of a loss in the upcoming election, its market cap could drop to $30-$100 million (currently $92.4 million). At this lower valuation, the token would have widespread distribution, fewer large holders (“whales”) and benefit from strong crypto market conditions and significant media attention.
Additionally, if Ethereum rises to $3,000-$4,000 pre-election, the TRUMP token could also rally, as it has closely followed ETH's performance throughout the year.
What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
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