Jordan Belfort, a “Wolf of Wall Street” holds XRP will Hit $10

Jordan Belfort, a “Wolf of Wall Street” holds XRP will Hit $10

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Jordan Belfort, a former stockbroker extravagant lifestyle that Leonardo DiCaprio glamorized in the film “The Wolf of Wall Street,” has come out in favor of XRP.

Belfort claimed to hold a six-figure amount in the contentious cryptocurrency in a recent tweet. The US Securities and Exchange Commission claims that XRP is unregistered, which has recently put it in the spotlight.

According to the American entrepreneur, the price of XRP might reach $10. Its market capitalization would have to be approaching $500 billion in this event.

Members of the XRP community were unfazed by the dubious endorsement, warmly embracing Belfort into their ranks.

In 2018, the convicted criminal made headlines once again when he called Bitcoin a “scam.” Since then, the actual “Wolf” has become a proponent of cryptocurrencies. He’s recently expressed a lot of interest in Non-Fungible Tokens (NFTs).

Meanwhile, the expert discovery deadline for Belfort’s newly-declared digital asset XRP is awaiting a court judgment. The Securities and Exchange Commission (SEC) has asked that the deadline to be extended until the new year, but Ripple has objected.

As the almost year-long case nears its conclusion, many members of the XRP community are positive. The lawsuit is progressing better than anticipated, according to Coinbase CEO Brian Armstrong.

During this cycle, the XRP cryptocurrency is one of the few currencies that has failed to print a new all-time high. However, the XRP community remains upbeat and defends itself by claiming that the bull run isn’t done yet.

Throughout its existence, Ripple has made fast improvements, and the price of XRP has increased significantly. With such a massive market value, many investors wonder whether the cryptocurrency might surge any higher this year.

XRP is now in high demand on exchanges like Binance, Primexbt, and Kraken, and it is expected to rise in value in the near future.

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