According to Linda Jones, an esteemed financial expert, the surge in Ripple share prices on the Linqto platform can be attributed to several factors, dispelling notions of insider knowledge. Ripple shares have experienced an impressive 60% increase in just seven days. While some initially speculated that insider knowledge related to the ongoing Ripple vs. SEC case might be behind the surge, Jones presents a different perspective.
Jones emphasizes that the surge in Ripple share prices is primarily driven by a surge of retail investors entering the market. Ripple's implementation of new technology has improved liquidity, leading to price increases with each trade. Retail investors, eagerly anticipating Ripple's future prospects, are actively investing in the shares and propelling the surge.
Contrary to claims of insider knowledge, Jones asserts that the surge is mainly driven by the anticipation of an upcoming initial public offering (IPO). Retail investors are increasing their investments based on the positive outlook for Ripple's future rather than any privileged information.
Additionally, Jones highlights Ripple's relatively low valuation, which presents an appealing investment opportunity. Her previous valuation calculations support the notion that the current price offers an attractive proposition for potential investors.