- A X-user questions the role of XRP in the cryptocurrency ecosystem “gradual appreciation” Theorists claim that Bitcoin is not a project of speculation.
- Ripple CTO thinks that there are no moments when the market is in a bull or bear trend. “gradual appreciation” His book is a good read.
Ripple David Schwartz, Labs Chief Technology Officer (CTO), has weighed-in on the ongoing skepticism regarding the constant rise of XRP. Responses An X-user who questioned an asset on its basis of its “gradual appreciation” Tag, Schwartz pointed him towards a chart showing the gradual appreciation of Bitcoin over 12 years.
The user identified as Mr. Huber believes that XRP is not a project that will appreciate over time compared with projects which are favored by speculators. He explained further that the only increase the asset had been able hold in price was not gradual. He stated, in comparison, that Bitcoin could appreciate more gradually than XRP. The post was also comprehensively cited. covered by Crypto News Flash Ripple CTO emphasizes that he doesn’t see XRP a lottery or gambling speculatively, but as a volatile investment with the potential of gradual appreciation. Huber asked what was the difference.
Schwartz Addresses Concerns Regarding XRP
Schwartz addressed the post he made earlier about XRP, and how it was gradually appreciated. He explained that Automated Market Makers and staking were evaluated as alternative options to long-term investment. Schwartz also explained that he does not see moments of bullish or bearish markets as long-term gradual appreciating.
The chart below shows Bitcoin’s performance over the past twelve years. This is the long-term trend. AMMs and staking are things I evaluate as alternatives to holding for the long term, which will give you long-term appreciation. It’s true that in a bear or bull market it may not seem like a long-term, gradual increase. It’s not guaranteed that any asset will continue to look like this in the future.
Recently, it was reported Crypto News Flash reports that XRP Ledger, (XRPL), is introducing AMM. This will offer a passive income opportunity to XRP owners by providing liquidity for pools. The majority of reactions have been very discouraging. A user asked Schwartz in this context if AMM was still beneficial to anyone after all of the negative social media posts.
Ripple CTO said that the people look to take on riskier projects in order to get a greater return.
Digital assets are volatile. AMMs allow you to turn this volatility into yield. Get yield by making markets and reduce the risk of loss due to long-term prices decreases. It’s likely that people with the same feelings as you want something more risky, which promises an absurdly high rate of return. AMMs do not offer that.
XRP currently has a price of 2.9% Trading at $0.61. The volume of trading in 24 hours has decreased by 31% With a total of $1.6 Billion. Bill Morgan, a pro XRP lawyer, thinks that 2024 could see a new high.
Please read:
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: www.crypto-news-flash.com