Former US Congressional candidate and founder of Gokhshtein Media has criticized the “trolls” of the popular altcoin XRP. He said that the Ripple army will continue to grow. Here are the details…
Gokhshtein bullish on popular altcoin XRP
The prominent media outlet founder is confident in Ripple’s growth despite the criticism. David Gokhshtein, founder of cryptocurrency company Gokhshtein Media and former US congressional candidate, is confident that the Ripple (XRP) community will grow regardless of critics’ hatred for the project. He even says that “as hatred for XRP grows, so does the Ripple army.” According to some, contrary to what many expected, Ripple has not seen much support from the cryptocurrency community in its ongoing lawsuit against the SEC.
Some supporters of Ripple rivals, especially Ethereum, believed that the tech company should be left alone to face its legal battle against the SEC. Vitalik Buterin, co-founder of Ethereum, announced this in a recent tweet. He said that Ethereum enthusiasts have no obligation to support Ripple in the lawsuit. For Buterin, Ripple lost its right of protection in its legal battle with the SEC, claiming that Ethereum was “Chinese-controlled.”
Tension between Ethereum and Ripple
Some people in the Ethereum community justified Buterin’s comment. However, Ripple enthusiasts criticized him for making such a comment. Attorney John Deaton, founder of Crypto Law, was among the Ripple enthusiasts who were “angry” at Buterin’s comment. “This was an immature, hateful comment directed at a community of innocent coin holders, NOT Ripple,” Deaton said. Since 2017, Ripple and Ethereum are seen by some as competitors.
Competition continued after Ripple sued the company by the US Securities and Exchange Commission (SEC) for unregistered sale of securities. Despite all this, cryptocoin.com As we have reported, there have been positive developments in the Ripple case recently. Judge Analisa Torres ruled that the SEC’s 2018 “Hinman speech” should not remain sealed. In addition, both parties applied for a summary decision in the case. This is considered to indicate that we are nearing the end of the case.
At the time of writing, XRP is changing hands at $0.461, up 4.2 percent. The coin has gained 18.8% in the last 14 days and 39.4% in the last 30 days. Many of these gains have been made following developments towards the SEC litigation. On the other hand, Ethereum is changing hands at $1,346 with a 4.2 percent rise. It is the second largest cryptocurrency and largest altcoin with a market cap of $162 billion. ETH has lost 2.4 percent in the last 14 days and 13.4 percent in the last 30 days. ETH’s decline has been observed despite the highly anticipated merger.
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