The price of XRP has been outperforming Bitcoin in 2020; however, MikeNovogratz at the LINC 2020 conference stated that XRP might continue tounderperform in 2020. However, Garlinghouse refused the facts expressed byNovogratz 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 unlockedyet another $100,000,000 XRP from its Escrow Wallet, and traders fear asell-off. This has triggered a fear that the sell-off is coming.
This is a massive tokenunlock from the official team's and the reactions from the community are verynegative. Several community members were surprised that the team has unlockedthe 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 isthe head of one of the largest exchanges in the world. Several consider thecomment to be one "out of character."
However, thecomment is unveiled in the sense that BitMex does not really care about who itlists. Maybe he meant to state that what they care about is that it should bemore than Zero.
While many ofthem felt that the comment was of low standards, several members in the cryptocommunity space seem to be enjoying it. Particularly, those in the XRPcommunity who consider that they are left with no returns enjoyed this comment.
This isconsidered the right time for those who are finding it to be a rip-off by XRPto go short on their position of the token.
This is not thefirst time that the BitMEX CEO behaves in an outspoken manner.
Theprice of XRP has been trending in the adverse territory reporting losses onnearly 1.10% on Thursday. To call it bulls, XRP should trend in the $0.3000mark.
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