The price of XRP plummeted by 11.23% in the last 24 hours further pushing the price of the coin to a yearly low of $0.2389. With a market cap of $10.27 billion, XRP stands third on CoinMarketCap’s list with a trading volume of only $2.32 billion. Several prominent people from the crypto community have highlighted that XRP is currently undergoing hyperinflation.
In a recent episode of Charlie Shrem’s “Untold Stories” podcast, Litecoin’s Charlie Lee was seen addressing the same. Lee pointed out that Ripple had been shunning rumors that they had printed 100 billion coins for themselves initially and argued that someone else printed them. However, Shrem revealed that they [...]
It’s been a tough ride for Ripple’s XRP and its holders lately. As the rest of the market was able to make some soaring gains, XRP was not able to stand a chance as it remained the least performing altcoin among the top cryptos.
Yesterday, an XRP holder on Twitter said that he has sold all his personal XRP coins, and is ‘getting out of this hole’ for now. In place of holding XRP, he mentioned that he would invest in ONE and LINK unless he would come back to Ripple’s XRP later when the market gets better.
Though XRP hasn’t been able to show any strong signals in the market and it may drop further, but Ripple holders have a firm believe in their [...]