David Schwartz, Ripple’s chief technology officer and one of the creators of XRP Ledger, made an encrypted post from his X account. This mysterious post by Ripple’s senior executive triggered an enthusiastic reaction from the XRP community. Schwartz’s post contains a math equation that ultimately equals 5.
Does Ripple CTO’s post indicate the future XRP price?
This post from David Schwartz triggered an enthusiastic response from multiple X accounts. The response given by a senior Ripple executive to many commenters was “5”. Additionally, many XRP enthusiasts chose to interpret this as Schwartz making a prediction that the XRP price will reach $5 in the future. Maybe it will happen when Ripple manages to ultimately win the case against the SEC.
cryptokoin.comAs you follow from , Ripple achieved a major victory in this case last year. Federal Judge Analisa Torres ruled that sales of XRP in secondary markets are not sales of securities. Following this decision, XRP briefly rose to $0.71.
Is SEC’s spot Bitcoin ETF defeat a glimmer of light?
That same year, the SEC lost another important case. This lawsuit was initiated by Grayscale in an attempt to get the regulator to pay serious attention to its application to convert its Bitcoin Trust into a spot Bitcoin ETF. That wish came true on January 11 this year, when Grayscale’s spot ETF was approved along with 10 other ETFs, including those issued by BlackRock, Ark Invest, and Fidelity.
Currently, XRP proudly holds the position of the sixth largest cryptocurrency in terms of market cap. Additionally, the token is changing hands at $0.63214. Over the last 24 hours the price has grown by 6.05%. However, with the subsequent decline, it quickly fell to 4.91%.
David Schwartz is developing a trading bot
Ripple CTO mentioned on March 21 that he was developing a new bot to trade on centralized crypto exchanges. Schwartz stated that he successfully completed this in a post from his X account. David Schwartz explained that the bot works using an algorithm similar to how XRP Ledger’s AMM works.
According to Schwartz, the bot is “really crude” for now, but he is considering adding a GitLab link. The software engineer stated that it is too early to say whether this bot will bring high profits. For now, he thinks he can make a profit of about 11% a year.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!