To be this piece, the XRP community must be praised once again to bring the above fact to light. Twitter user @Ianbins took him to the attention of Ethereum World News when he stated the following in response to another tweet. The initial tweet concerned the 3 cases pending against the Ripple company. @Ianbins would have commented on the following :
It's nice to know but Apple is in 60 cases …. it just became a $ 1T, it's normal for big deals.
The full thread of Twitter can be seen below:
It's nice to know but Apple is in 60 cases …. it just became a $ 1T it's normal in the big business pic.twitter.com/ Y5O20AUOJC
– Ian Northing (@Ianbins) 11 August 2018
@Ianbins was responding to a tweet stating that one of the pending lawsuits against Ripple would be heard in the court federal rather than in the courts of the State of California, where it was initially presented. This means that there is a possibility that the federal court "unites" all three causes in one to speed up the process.
60 Pending lawsuits against Apple Co. worth $ 1 trillion
This then leads us to the other In fact, Apple is facing nearly 60 lawsuits to classify and slow down and / or slow down old phones belonging to existing users. 60 pending cases indicate that Apple is facing a number of court cases 20 times greater than Ripple, but has just exceeded the market capitalization of $ 1 trillion just a few days ago. The current market capitalization of AAPL is $ 1.01 trillion at the time of this writing.
Analyzing our preferred remittance currency of XRP, its market capitalization stands at $ 11.673 billion at the time of writing this. The market capitalization of AAPL has eclipsed that of XRP 86 times, but has more "problems" in the courts than the company Ripple.
In addition, XRP and Ripple are two completely different entities. Therefore, any legal action concerning Ripple should logically not affect the value of XRP. In the case of Apple, its stock of AAPL is an integral part of the parent company.
Therefore, it can be concluded that XRP had to face too much FUD because of the 3 pending cases against the Ripple company that is completely different entity. One explanation could be that the crypto-markets became popular only in June of last year when the media started to cover Bitcoin (BTC). In the case of Apple, he made his IPO back in December 12, 1980 and at $ 22 for AAPL. Since then, the Apple company has more or less dominated the IT and smartphone sector.
Disclaimer: this article is not intended to give financial advice. Any opinion here should be taken as well as it is. Perform your research before investing in one of the many cryptocurrencies available.