In the world of cryptocurrency where price volatility is normal, the pace is fast. Ripple [XRP] Its perceived slow price performance in comparison to other digital assets has been the subject of much scrutiny.
This sentiment was recently brought to the fore when a curious XRP user questioned The concept of “gradual appreciation” The price of XRP on X (formerly Twitter) was analyzed.
“Because XRP doesn’t look at all like something that gradually appreciates in price if you compare it to projects that are actually much more favored for speculation.”
Contrasting views of investment strategies
David Schwartz was the Chief Technology Officer at Ripple and he responded to this question by providing clarifications and insights.
“Here is a chart of bitcoin over the past 12 years on a log scale. The long-term behavior is that of gradual appreciation.”
He also stressed the importance of exploring alternative investment avenues such as Automated Market Makers and staking to sustain growth.
Meanwhile, Bill Morgan, a XRP supporter, called out those who benefit from the volatility of the markets and referred them to as “moon boys”.
Schwartz acknowledged the diverse viewpoints and warned,
“If you view cryptos like lottery tickets…you should just hold them and not look for ways to take on more risk.”
What are the prices?
This exchange brought to light the contrasting opinions in the cryptosphere about investment strategies. Schwartz’s stance, however, indirectly encouraged holding assets such as XRP for long periods of time to reap returns.
Despite a slight decline in XRP’s value, which was trading at $0.6231 during the time of publication, optimism prevailed, as pro-XRP advocate Bill Morgan forecast a new record high in 2024.
David Schwartz, Ripple’s active community member, was able to demonstrate Ripple’s commitment towards transparency and engagement with the community. This coincided with the current bull market in crypto markets.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: ambcrypto.com