We are almost approaching the end of the year, and most investors are looking forward to huge gains. This expectation is mainly driven by the fact that cryptos pumped towards the end of last year, and many people believe that this scenario could repeat. However, it is increasingly clear that most coins will underperform this year. But a few of them stand to make a good showing towards the end of the year, including IOTA and XRP. On the basis of their upcoming news, IOTA (MIOTA) and XRP (XRP) have a strong potential to outperform the market. Here’s why.
XRP (XRP) has made some serious gains in the last few weeks. On the 21st of this month, it surged by over 60% on news that XRapid would be going live in about a month. This is a clear indicator that the market is highly optimistic about XRapid going live. This means once it happens, and it will happen before the end of the year, it will spur huge demand in XRP. This means that XRP has a realistic chance of massive gains before the end of the year. Considering that XRP rose by over 60% on expectations alone, once the real thing happens, it could push up by a couple hundred or even thousands of percentages. This make it an awesome buy for investors looking to give themselves an awesome end of year gift from their crypto investments.
The other crypto that stands to give huge gains by the end of the year is IOTA (MIOTA). IOTA (MIOTA) seems to have found long-term support at $0.50, and this could draw-in bulls as we approach the end of the year. What’s even more interesting is that there is a big event coming up in November that could see IOTA (MIOTA) gain strong bullish sentiment towards the end of the year. The event in question is Germany’s major economic summit, where IOTA will be represented. If anything significant comes out of this event, IOTA (MIOTA) stands to make huge gains towards the end of the year. It’s also noteworthy that IOTA (MIOTA) has been gaining in adoption, and this could push up its price toward the end of the year, especially if new major partnerships come up in between.
In essence, if bitcoin turns bullish in the coming quarter, IOTA (MIOTA) would easily outperform the market, since IOTA (MIOTA) is still heavily tied to the price of bitcoin. So far, bitcoin is showing all indications of starting Q4 in positive territory. That’s because it has held above $6400 for several weeks, and has pushed above $6500 a number of times in the last few days. This is an indicator that it could break above $7000 and possibly $8000 in Q4. If BTC makes such gains around the time of Germany’s summit, then the possibility of IOTA (MIOTA) breaking above $1.5 or even $2 in the next couple of months is quite high.
It’s an interesting time ahead for XRP and IOTA as we approach the end of the year.