Cryptocurrency market analyst Max Keizer has boldly stated that there is absolutely no chance of XRP going to zero compared to Bitcoin. He based this on the basis that XRP does not have a strong foundation. The Ripple community is clearly not divided. Most of them continue to support XRP, while others are undeterred and indirectly keep their holdings strong.
They worked together to understand this backlash because there was no mention of Bitcoin. Per Max’s statement, he mentioned XRP as follows: centralized garbage, tokens are mathematically guaranteed to change hands with zero value. In fact, Max predicted that it would not be long before the token would drop to $0.01. For reference, XRP is currently trading at $0.5119, down 0.51% in the last 24 hours and down 9.57% in the last 7 days.
This may be due to a general market crash defined as a price correction. Keizer also said that the US SEC has its own reasons for wanting XRP to die. This is related to the ongoing legal battle between the Commission and Ripple, whose victory could pave the way for the next. XRP ETF Application. The risk of owning Max XRP for the reward should not attract capital from users.
One reason their comments bother the community is because they are solely focused on degrading tokens. Max sells BTC The only truly decentralized product. As the article is being drafted, the same item is dancing around $40,000. This is down from the $47,000 that BTC briefly achieved after 11 Bitcoin ETF applications were approved. Plus, it’s lower than the ATH of ~$65,000.
There is no doubt that BTC is poised to surpass these milestones, but we should avoid belittling other tokens by focusing solely on these milestones.
One hypothesis suggests that criticism of XRP stems from Ripple CEO Brad Garlinghouse. At one point, he attempted to lower the value of DOGE compared to the Zimbabwean ringgit. At the time, Brad said in a panel discussion at the World Economic Forum that DOGE offers no real utility. Garlinghouse also predicted that XRP will soon replace Bitcoin as the dominant cryptocurrency.
To put it simply, Max Keizer is against XRP and has called BTC the only truly decentralized token. It’s unclear why Max said that, but many speculate it was a reaction to the way Brad Garlinghouse reacted to DOGE at the WEF. Brad also claims that his statement that XRP could soon face stiff competition from BTC is true.
Both XRP and BTC are volatile at the moment. Despite the approval of the Bitcoin ETF application, the trend has not changed. Rather, the token has set records that have only been broken in the past seven days.