The price of XRP has been outperforming Bitcoin in 2020; however, Mike Novogratz at the LINC 2020 conference stated that XRP might continue to underperform in 2020. However, Garlinghouse refused the facts expressed by Novogratz by pointing out that XRP has been performing strongly in 2020.
Brad recently tweeted: “Ahem… IS THIS THING ON… can I get a fact check on aisle CoinDesk? XRP has outperformed BTC and the broader crypto market in 2020. XRP is up 44% (19.1 to 27.5) vs BTC’s 33% (7,100 to 9,500) so far this year.”
Ripple has now unlocked yet another $100,000,000 XRP from its Escrow Wallet, and traders fear a sell-off. This has triggered a fear that the sell-off is coming.
This is a massive token unlock from the official team’s and the reactions from the community are very negative. Several community members were surprised that the team has unlocked the extra batch of tokens, and this has inherently diluted the market strength.
Sydney Ifergan, the Crypto Expert, tweeted, “It is true that a significant controversy is created when XRP is released in huge chunks from the Escrow Wallet, what makes me think is what exactly does the team do with the extra funds.” He further tweeted, “I wonder how much of in-bulk cross border transactions has XRP facilitated every time such a move happens- Controversial unlocks of XRP indeed.”
BitMEX CEO, Arthur Hayes, Calls Ripple’s XRP ‘Dogsh*t’ immediately after listing It. The way Arthur Hayes ridiculed XRP is not really nice because the ridiculer is the head of one of the largest exchanges in the world. Several consider the comment to be one “out of character.”
However, the comment is unveiled in the sense that BitMex does not really care about who it lists. Maybe he meant to state that what they care about is that it should be more than Zero.
While many of them felt that the comment was of low standards, several members in the crypto community space seem to be enjoying it. Particularly, those in the XRP community who consider that they are left with no returns enjoyed this comment.
This is considered the right time for those who are finding it to be a rip-off by XRP to go short on their position of the token.
This is not the first time that the BitMEX CEO behaves in an outspoken manner.
The price of XRP has been trending in the adverse territory reporting losses on nearly 1.10% on Thursday. To call it bulls, XRP should trend in the $0.3000 mark.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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