Prominent Pundit Asserts XRP Will Stagnate At $0.59 Even When Bitcoin Rockets To $250,000

Prominent Pundit Asserts XRP Will Stagnate At $0.59 Even When Bitcoin Rockets To $250,000
фото показано с : zycrypto.com

2024-3-3 01:12

Mike Alfred, a venture investor and formerly a founding CEO at BrightScope and Digital Assets Data, has sparked a discussion in the cryptosphere with his forecast that Ripple-promoted cryptocurrency XRP would remain depressed below $1 even if Bitcoin (BTC) happens to hit $250,000 record highs.

“XRP Only Exists To Enrich Founders & Insiders”

In a March 1 post on X, prominent investor Mike Alfred suggested that XRP is a scam, though not “outright” like Richard Heart’s Hex. According to Alfred, XRP and Hex have very similar mechanisms.

This conclusion stems from his belief that XRP, used in Ripple’s payments network, “only exists as a token printing scheme to enrich the founders and insiders”. This incessant printing has, per the value investor, suppressed the price of XRP for the past 7 years. “Real utility is a mirage,” Alfred summarized.

XRP is used as a bridge currency to reduce friction in areas like cross-border payments. Ripple’s On-Demand Liquidity (ODL) service, in particular, uses XRP, allowing customers to transfer funds internationally relatively faster and cheaper.

Alfred’s grim prediction comes on the heels of a protracted legal saga between Ripple and the U.S. Securities and Exchange Commission (SEC) that has weighed heavily on XRP price since it was initiated in December 2020.

XRP Price Stuck Under $1 As Bitcoin Nears All-Time High

XRP has been dragging its feet as the industry’s benchmark cryptocurrency soared past the remarkable $62,000 milestone. While other altcoins have ridden on the coattails of BTC’s latest upswing, the price of XRP refuses to budge. At press time, XRP was changing hands for $0.5939, a 0.3% drop on the day.

The token has endured many hurdles, mainly due to a regulatory cloud hanging over it. The next key resistance for XRP is at $0.85, a region previously tested when the cryptocurrency spiked in mid-July 2023 after Ripple’s earth-shattering win against the SEC. If XRP breaks past the $0.85 level, the coin’s holders can expect further gains.

Meanwhile, the price of Bitcoin is on track to reach its current lifetime high on the back of the roaring success of U.S.-based spot BTC exchange-traded funds (ETFs). At current levels, BTC needs to gain around 10.2% to recapture $69,044. Moreover, hopes are high that Bitcoin could reach $100,000 by June, roughly two months after the miner rewards halving event.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.7034 (+1.01%)
Объем 24H $6.463b
Изменеия 24h: 7.62 %, 7d: 25.93 %
Cегодня L: $0.6738 - H: $0.7039
Капитализация $40b Rank 7
Цена в час новости $ 0.6348 (10.81%)

xrp network only payments used exists ripple

Источник: zycrypto.com

xrp network → Результатов: 126


Фото:

XRP Bullish Signal: Address Activity Spikes To Historical Levels

On-chain data shows the XRP active addresses metric has spiked to historical levels recently, a sign that may turn out to be bullish for the asset. XRP Daily Active Addresses Has Observed An Uplift Recently According to data from the on-chain analytics firm Santiment, address activity on the network reached its second and third-highest values ever during the last couple of days.

2023-5-30 15:00


Фото:

Crypto Ecosystem Vindicated by TMS Network (TMSN): XRP (XRP) and Arbitrum (ARB) Fail to Compete with TMSN’s Invincible 900% Gains Despite U.S. Banking Crisis

Cryptocurrencies are increasingly considered alternative financial instruments in times of economic uncertainty and banking crises. The potential of XRP (XRP) and Arbitrum (ARB) as safe havens during a banking crisis are worth exploring, while TMS Network (TMSN) bridges the gap between traditional and crypto assets.

2023-4-20 09:02


Фото:

TMS Network (TMSN) Outshines XRP (XRP) And Arbitrum (ARB) With $4 Million Investment: Unstoppable in Its Path to Crypto Domination

The cryptocurrency market offers diverse investment opportunities, with projects spanning various industries and technologies. The investment opportunities presented by XRP (XRP) and Arbitrum (ARB) are attractive, but TMS Network (TMSN) takes the cake with its superior profit potential, which has already skyrocketed by 2240%.

2023-4-18 10:52


На Binance появится несколько торговых пар со стейблкоином TrueUSD

Криптобиржа Binance добавит шесть торговых пар со стейблкоином TrueUSD (TUSD). Согласно объявлению биржи, новые пары будут добавлены на площадку 29 марта в 11:00 мск, пишет РБК Крипто. Binance откроет торги к TUSD с криптовалютами Lido DAO, Polygon (MATIC), Optimism (OP), Solana (SOL), SSV Network (SSV) и Ripple (XRP).

2023-3-29 19:12


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP Price Gains Speed: Could The Surge Reach $0.80?

XRP price is up over 10% and moving higher above the $0. 620 support zone. The price tested the $0. 740 zone and is currently correcting gains. XRP price started a decent increase above the $0. 620 resistance.

XRP Price Fights for a Steady Climb: Will Bulls Prevail?

XRP price gained pace for a move above the $0. 5800 support zone. The price rallied toward $0. 6150 resistance and recently corrected gains. XRP price is struggling to rise steadily like Bitcoin. The price is now trading above $0.

XRP Price Gains Fade Once Again: Will Support Hold?

XRP price gained pace for a move above the $0. 5500 support zone. The price rallied toward $0. 5780 resistance and then quickly faded most gains. XRP price is losing pace above the $0. 5500 zone. The price is now trading above $0.