Singapore Investor Rejects XRP Over Large Market Cap

Royal Kane, a Singapore-based investor and cryptocurrency trader since 2016, has publicly expressed his skepticism towards XRP. In a recent post on X, he stated that he would 'never invest in Ripple at this stage' due to the token's large market capitalization of $81 billion.

Kane emphasizes that XRP lacks products or revenue, which is a crucial aspect he considers when evaluating investment opportunities. He prefers smaller-cap cryptocurrencies with strong narratives and growth potential.

XRP has been struggling to regain its footing after a sharp 12% pullback following the failure of the U.S. CLARITY Act to advance. The token's price has dropped from $1.45 to as low as $1.27 before rebounding slightly, and it remains well below its all-time high of $3.65.