Analyst Explains Why It’s Better to Buy Kaspa (KAS) Than XRP Despite Ripple Price Pump

2024-12-4 22:00

The price of XRP is not slowing down, hitting $2.8 earlier today with a 400% price spike in just a few weeks. Despite this, some crypto users are still not impressed with the token. One such user is KaspaSilver, who took to X to express his thoughts.

KaspaSilver presented a compelling case for choosing Kaspa (KAS) over XRP, even as Ripple’s token continues its upward momentum.

The analyst emphasizes that XRP serves as a crucial test for the cryptocurrency community, pointing out a fundamental contradiction in its structure. He explains that purchasing XRP essentially means investing in the same centralized financial framework that cryptocurrency was originally designed to circumvent.

KaspaSilver draws attention to Kaspa as an alternative, noting its commitment to true decentralization and alignment with the original cryptocurrency vision. The analyst’s perspective gained additional context when responding to a query from trader Reymond Manta about XRP’s sustained price performance compared to KAS’s more volatile movements.

Read Also: Why Is Chainlink (LINK) Price Up?

40% of XRP Supply Remains in Ripple’s Control

In response to Manta’s observation about XRP’s seemingly resistant price action, the analyst revealed a critical insight into XRP’s tokenomics. He points to the significant concentration of power in Ripple’s hands, noting that the company controls over 43% of the total supply.

Through this analysis, the crypto analyst effectively contrasts XRP’s centralized structure with Kaspa’s more distributed model, suggesting that investors seeking true cryptocurrency innovation might find more value in KAS despite XRP’s current price momentum.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.

The post Analyst Explains Why It’s Better to Buy Kaspa (KAS) Than XRP Despite Ripple Price Pump appeared first on CaptainAltcoin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 467.1 (+0.48%)
Объем 24H $0
Изменеия 24h: 0.85 %, 7d: 17.53 %
Cегодня L: $453.49 - H: $467.1
Капитализация $0 Rank 3676
Доступно / Всего 0 LINKETHPA

price despite xrp still crypto weeks users

Источник: captainaltcoin.com

price despite → Результатов: 126


Analyst: 4,000 is a Critical Level that Bitcoin Must Defend, Or Else Significant Losses Could be Imminent

Bitcoin (BTC) has now firmly planted itself in the low-$4,000 region and appears to be increasingly building relative levels of support at the ever-so-important psychological price of $4,000. Despite this, the cryptocurrency still faces resistance levels around $4,200, which may prove to be a difficult price level to break above.

2019-3-20 03:00


Bitcoin Recovers to $4,000: Why Industry Execs See Big Crypto Rally Ahead

In the last 24 hours, the bitcoin price has slightly recovered to $4,046, recording a minor 0. 7 percent increase against the U. S. dollar. The positive upside movement of bitcoin led alternative cryptocurrencies to record gains in the range of 5 to 33 percent against both bitcoin and USD, as the valuation of the crypto market rebounded to $140 billion.

2019-3-19 13:51


Trader: Bitcoin Bull Market Won’t Arrive Until Price Shatters $4,600

In the past seven days, the valuation of the crypto market has increased from $131 billion to $137 billion as the Bitcoin price slightly recovered to $3,960. Bitcoin Stagnancy Shows No New Money Entering Crypto Market The minor movement in the price of bitcoin despite the significant surge in the price of alternative cryptocurrencies suggest that existing money in the cryptocurrency market is moving – but new money is not flowing in.

2019-3-15 22:32


Are Bitcoin and Ethereum Cryptocurrency Compound Interest Rate Earnings a Gamechanger?

Despite the price of premier alt-tokens such as Bitcoin still struggling to garner bullish momentum, crypto lending platform BlockFi has just announced that it will be now providing clients with the option to claim compound interest returns on investments via crypto assets such as Bitcoin or Ethereum. As per a blog post issued by BlockFi’s […]

2019-3-7 18:29


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Why Is Bitcoin (BTC) Price Trading Sideways? Key On-Chain Metrics to Watch

The Bitcoin price is trading in the $94k-96k range for over a week now. That psychological $100k level that the crypto community has been waiting for is not quite there yet. Santiment updated their report via X around the MVRV indicator, one of the key Bitcoin on-chain metrics traders should monitor.

Does KAS Still Have Time to Pump? Kaspa Price Prediction

Kaspa (KAS) has sparked questions about its potential for growth during the ongoing altcoin season. A recent YouTube analysis by Crypto Space with 6. 6k subscribers explores whether Kaspa can capitalize on the market’s momentum, focusing on its price behavior, technical indicators, and broader market conditions.