Dissatisfied Investor With The Price Of The Coin And There Was A Debate Between The Ripple (XRP) Manager!

of Ripple chief technology officer (CTO) David Schwartz, in a recent tweet of XRP defended its price performance.

This is a disappointed investor. cryptocurrency After describing the price of his currency as “disgraceful”, Schwartz explained that the Ripple token actually performs in line with other major cryptocurrencies.

The Ripple executive stated that the perception of XRP’s price performance depends on a specific time frame.

“Ripple Outperforms Both Bitcoin and Ethereum”

Schwartz, XRP’s year-to-date Bitcoin (BTC) as well as from Ethereum (ETH) pointed to better performance. According to the manager’s example, ETH is down 57%, but XRP is down 45%.

Maybe if you cherry-pick timeframes, but it seems to me that it mostly does the same things every other cryptocurrency does.
1/1/2022: BTC:$47K ETH:$3,770 XRP:$0.85
Today: BTC:$20.8K ETH:$1,620 XRP:$0.47
So, year to date, BTC is down 56%, ETH is down 57%, and XRP is down 45%.

— 𝐃 𝐒𝐜𝐡𝐰 (@JoelKatz) October 29, 2022

However, it should be noted that XRP is still down an astonishing 86.41% from its all-time high reached in January 2018. It was also one of the few major cryptocurrencies that failed to reach new highs during the most recent bull market cycle.

Yet, despite facing many legal uncertainties due to the US Securities and Exchange Commission’s (SEC) lawsuit against Ripple, XRP has managed to stay among the leading cryptocurrencies.

According to data provided by CoinMarketCap, it currently has an impressive market cap of $23.2 billion, making it the sixth largest cryptocurrency (behind Bitcoin, Ethereum, Tether, BNB and USD Coin).

Many of the controversial cryptocurrency’s advocates believe that a potentially positive outcome in the XRP case could be a major boost for the token.

Ripple CEO Brad Garlinghouse recently predicted that the lawsuit would end in 2023.

*Not investment advice.