A trader and analyst who began accumulating Bitcoin at its absolute bottom late last year says he’s now accumulating an additional altcoin.
As BTC and the greater crypto markets pull back, the pseudonymous analyst DonAlt says he’s adding more XRP to his portfolio.
DonAlt says he started accumulating XRP at an average price of about $0.37 and is targeting a price of $1. The sixth-largest crypto asset is now at $0.39 at time of publishing, up 5.9% in the last 24 hours.
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The analyst’s allocation comes as the SEC’s lawsuit against Ripple appears to be hurdling toward a conclusion.
Attorney John Deaton, who represented the XRP community as amicus, says he believes the judge will likely issue a summary judgement any day now.
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