Amidst the volatile environment of the cryptocurrency market, Australian lawyer Bill Morgan said: voice There are concerns about XRP’s behavior against notable crypto assets such as BTC, pointing to its extremely poor performance over time.
XRP vs. Bitcoin plummeted in all periods.
bill morgan‘s report highlights how XRP has fared as the biggest cryptocurrency asset of 2021 and beyond. According to the lawyer, XRP’s performance relative to Bitcoin, Ethereum (ETH), and USD is now completely red for all time frames from 24 hours to 24 hours. Three years. His observations are a sobering reminder of the difficulties Token faces within this period.
These relevant signs are a wake-up call for stakeholders, urging them to reassess their investment strategies in light of changing market dynamics as XRP battles against the top cryptocurrency. morgan Before It warned the cryptocurrency community that no matter which timeline is chosen, crypto assets will underperform BTC.
The lawyer’s post came in response to an anonymous user named Specifically, the clarity summary judgment in July of last year determined the nature of digital assets.
The U.S. Securities and Exchange Commission (SEC) accused Ripple Labs of selling XRP as an unregistered security, claiming ownership of the coin. It is a security in itself. However, Judge Torres Analisa ruled against the commission, saying that cryptocurrencies: It does not constitute a security. Although natural, it is a digital token. With this ruling, XRP officially becomes one of the fully regulated and trialled cryptocurrency assets.
User X believes the development may have had a negative impact on its price compared to BTC, but Morgan does not support this idea. He said this does not mean that legal clarity is the reason for the decline or is not important for the token or other cryptocurrencies on the market.
Two people heading to Antarctica
Morgan isn’t the only cryptocurrency enthusiast to shed light on the pair recently. Renowned market analyst Peter Brandt also touched on this topic, emphasizing that the XRP/BTC pair is headed to Antarctica, sparking speculation among investors as to what this means.
There are many ways to read Peter Brandt’s unexpected and cryptic passages. This can present a cold and pessimistic outlook for the asset. BTC The chart indicates prices could fall to all-time lows, similar to ice conditions in Antarctica.
However, this could also mean venturing into new areas and exploring depths never before witnessed in the cryptocurrency industry. Looking at recent performance, it can be seen that Brandt’s remarks reflect negative aspects of both parties.
Featured image from Shutterstock, chart from Tradingview.com