Why XRP Prices Are Not Rallying? Ripple CTO clarifies
XRP News: XRP’s native crypto price, Ripple, is in constant decline due to a long-running US SEC lawsuit and fading investor interest in the digital asset marketplace. David Schwartz, Ripple’s CTO, cited reasons why XRP is not on the path to appreciation.
Ripple CTO mentions Google
Ripple CTO used the example of Google in 2000. He compared the way people back then didn’t believe that a Google search engine would become the next big thing, and how they will be making billions of dollars. Those who joined Google back in the day would have made millions if they had been convinced. Continue reading XRP News
He said that search engines such as Altavista, Ask Jeeves and Lycos were also in the right place at a right time but couldn’t make the most. Ripple CTO believes crypto is at the stage where the market is still trying to figure out if it will be the next big thing.
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This is why prices tend move together as more and more people accumulate digital assets. But, the crypto market will mature over time and will eventually determine which digital asset is most successful.
XRP trading vol spikes 212%
The XRP price has fallen 91% from its all-time high (ATH) However, the XRP value has increased by 2% in the past 24 hours. At press time, it trades at $0.345, an average price. Its 24-hour trading volume has increased by 212% to $1.013 billion.
WhaleAlert reported that in the last 24 hours, crypto whales moved more than 210,000,000 XRP. The largest transaction recorded was the movement of 148.7 millions XRP (approx. $50.3 million).
Another crypto whale, however, moved 70 million XRP (approx. $23.5 million) in multiple transactions on Bitstamp, a crypto exchange.
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The content presented may contain the author’s personal opinion and is subject to market conditions. Before investing in cryptocurrency, do your market research. The publication or the author are not responsible for any financial loss.