
Jakarta, Pintu News – Versan Aljarrah, financial strategist and founder of Black Swan Capitalist, issued a stern warning to the Ripple community. Following the massive sell-off that occurred in early October, which resulted in losses of over $19 million due to liquidation, Aljarrah emphasized the importance of having full control over crypto assets.
According to Aljarrah, having control over crypto assets is no longer an option but a necessity for survival. In the crypto ecosystem, having control over your assets means everything. Self-custody wallets give users direct access to their private keys, which means users have total control over their funds. This is in contrast to custodial wallets, where a third party such as a crypto exchange or managed wallet service has control over the private keys.
In a self-custody wallet, private keys are stored offline, keeping them away from online threats. Aljarrah itself uses eight cold wallets spread across different layers of security. Cold wallets, including paper and hardware wallets, are the safest way to store Ripple (XRP) as they keep private keys offline and protected from cyberattacks.
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Currently, Ripple (XRP) is trading up 1.64% in the last 24 hours to $2.40. The MVRV (mean value to realized value) indicator shows that the average trader return in the last 30 days is -15.3%, which signals a potential recovery. The lower the MVRV indicator, the stronger the reason to buy on price drops, according to on-chain analytics platform Santiment.
Santiment also noted that the number of medium to large Ripple (XRP) holders continues to grow, recently reaching a record high. The number of wallets holding at least 10,000 coins has exceeded 317,500 for the first time, signaling growing confidence among large investors.
Aljarrah emphasized that every holder should take proactive steps to protect their Ripple (XRP) assets. The first step is to choose a cold wallet as the primary storage method to avoid the risk of losing assets due to cyberattacks or third-party failures. Additionally, it is important to spread assets across multiple wallets to mitigate risks.
Education about crypto security is also very important. Holders should keep abreast of the latest developments in security technology and ensure that all their software and hardware is updated to protect against new threats. By taking these steps, holders can reduce risk and increase the security of their assets.
In the uncertain crypto world, having control over your crypto assets is key. Versan Aljarrah of Black Swan Capitalist warns that without proper security measures, the financial future of Ripple (XRP) holders could fall into the hands of others. Protecting assets with a cold wallet and understanding market indicators are important steps to ensure investment safety and growth potential.
Also Read: ChatGPT Prediction: XRP, DOGE & PEPE could hit an all-time high by the end of 2025!
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.