Renowned trader Peter Brandt is optimistic about the future of a large-cap altcoin that has been experiencing significant growth recently, citing one of the most bullish charts in the crypto market.
Brandt, who has a substantial following of 760,700 users on X, has highlighted the potential of XRP, a cross-border payments solution, which he believes is currently undergoing a major breakout.
According to Brandt, XRP’s market cap has surpassed the diagonal resistance of a massive triangle pattern that has kept the market bearish for more than seven years, making it the most powerful chart in the crypto world.
As of now, XRP is trading at $2.51 with a market cap exceeding $142.621 billion.
Brandt also has his eyes on Litecoin (LTC), a payments-focused coin, suggesting that it could potentially follow a similar trajectory to XRP.
At the time of writing, LTC is valued at $131.41.
While discussing Bitcoin (BTC), Brandt expresses his bullish sentiment towards the cryptocurrency in the long run, despite acknowledging the potential for other coins or certain US stocks to outperform BTC by market cap.
Brandt emphasizes that although many individual stocks may outperform Bitcoin in the next five to ten years, he personally prefers BTC over a randomly chosen growth stock or any meme or altcoin due to its long-term potential.
He also points out that the younger generation may have overly high expectations in terms of investment returns.
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