XRP Falls Below $1.30 as Investor Criticizes Market Capitalization
Ripple's XRP token has fallen below $1.30 due to a decline of 7.3% on Tuesday, according to market data.
Dubai-based crypto investor Royal Kane says he won't invest in XRP because of its $81.68 billion market capitalization, stating it's too large and may limit potential returns.
Kane suggests investors look for assets with lower valuations that have a compelling narrative, pointing to Solana's 'Ethereum killer' label as an example.