XRP Talk overheats on Crypto Twitter
Since XRP's market capitalization surpassed that of Ethereum (ETH) last week, the discussion on the long-term prospects of the asset has broken out en masse, with the dedicated project (even the cult) following Twitter to enhance its flavor of the month, so speak. Recently, eToro's Mati Greenspan, the digital resource for Ripple Labs, "is basically winning social media".
The XRP is basically winning social media. https://t.co/AprYyDuZ81
– Mati Greenspan (@MatiGreenspan) November 18, 2018
Binance CEO Changpeng Zhao, better known as CZ, also recognized the XRP community, joking that the "shill is strong" of his business, before telling his followers to empty this "shilling" from their systems into a obvious joke.
Call for a "Flippening" BTC ramp
However, while Zhao may have given XRP supporters the opportunity to let off steam, while Bitcoin (BTC) found a home for $ 5,600, XRP continued its own independent micro-run, recently recovered from its 14-week minimum. As put by The Crypto Dog, a well-known pseudonym cryptographic analyst, "XRP and XLM seem ready to start the season on their own".
But while there were requests for an "altcoin season", some brought these feelings to extremes, with Ripple Riddler who brought on Twitter to express (jokingly?) That "before [the] end 2018, XRP will be number 1 [in terms of] market cap ", adding that" big things are just around the corner ".
Screenshot this, retweet this, like this. Do what you want with this. Here we are…
Before EOY, XRP will be the number 1 for market capitalization. No enigma, straight message. Big things are just around the corner …#xrp #XRPthebase #XRPcommunity #Ripple #ripplenet #xrpthestandard pic.twitter.com/jag9j4HP96
– Ripple Riddler (@RippleRiddles) November 18, 2018
Riddler's comments evidently allude to the controversial sentiment that in the end, XRP will oust Bitcoin, before establishing hegemony on the cryptosphere as a whole.
XRP also received some influence from CNBC Africa's Ran NeuNer, who said that Bitcoin Cash hashwar only shows that investors "should download BTC and BCH" and then redistribute their wealth in the future. digital asset now ranked second highest.
NeuNer also continued to publish a survey on how cryptic investors would have awarded their wealth in the crypt for a period of 10 years. And, to the surprise of some, XRP supporters have actually beaten Bitcoin, beating the world's first cryptocurrency by as many as 2,000 votes (12%).
Also the image below, which highlights the Grim Reaper (XRP) knocking on the door of Bitcoin after massacring Ether, Litecoin, Stellar Lumens, has collected 1,100 likes and 325 retweets, further consolidating the popularity and notoriety of the heritage .
– FirePower (@FirePowerFP) November 17, 2018
The bottom line is that somehow, somewhere, a multitude of crypto investors decided that in the end, XRP could overcome Bitcoin in some way, shape or form.
However, some have taken this "flippant" discussion as nothing but a joke, with a series of prominent prominent analysts / crypts teasing the Ripple community through a series of tweets. Moon Overlord, a cryptocurrency trader and well-known commentator, joked that he "does not think ironically" that XRP could overturn the BTC.
– Moon Overlord (@MoonOverlord) November 18, 2018
Later, Moon doubled this troll, bringing it on Twitter to explain that XLM and XRP, both partly controlled by Jeb McCaleb, could reach from $ 10 to $ 15 a pop in the near future, alluding to the problems of market capitalization that many massacred masses struggle with.
BitLord re-echoed Moon's inclination for trolling, explaining that Ripple's go-to token could overturn BTC in 2019, and then touch the "#XRPTheStandard" meme / joke that has been circulating in the latest encrypted social media channels. years.
Our new cryptographic standard will be very obvious.
Difficult to accept for many but so was the bitcoin in 2010
– 💮 55 (@Crypto_Bitlord) November 18, 2018
On a more serious note, Craig "Faketoshi" Wright, a supporter of Bitcoin Satoshi Vision, had much to say about it. Wright, an Australian cryptographer who claims to be Satoshi, explained that the resource is far from a utility token, adding that its use as a "negotiable asset sold under the expectation of profit" makes it a security. If the US Securities and Exchange Commission, or any other reputable financial regulatory body, deems that XRP was a security, a strong sell-off could result.
Because XRP is not a security, it must be a real utility offer. If something is exchanged for profit expectations, it is not a token of utility.
XRP is a tradable asset that is sold under the expectation of profit. This in itself makes it a security.
– Dr Craig S Wright (@ProfFaustus) November 18, 2018
Not only is XRP a potential security, but, as put by CryptoHustle, it is not a "money without decentralized permission without masters", apparently alluding to the argument that the Ripple system promotes the centralization and propagation of financial systems traditional.
$ XRP it will never replace $ BTC because it does not offer the same value proposition. It is good for what it is (cheaper and faster SWIFT) and congratulations to all those who have made money, but they are not decentralized money without permission without owners.
– ฿ TF% $ D! (@CryptoHustle) November 18, 2018
Regardless of this, it has become even more evident that the discourses on this topic are not intended to dissipate early, this is certain.
Title Image Courtesy of Teddy Kelley on Unsplash