Just a few short months ago, XRP’s market cap meant that its position in the top three cryptocurrencies was secure. Unfortunately, a confluence of factors has plunged the altcoin’s standing into peril.
After XRP airdrop, Flare Network branches out
If the headline-grabbing drama concerning XRP has affected Flare Networks in any way, the project has done a good job of hiding it
In the wake of the SEC’s lawsuit against Ripple, XRP tumbled from $0.50 to lows of just $0.20… with one analyst making the dire prediction that the embattled altcoin will be a “remnant of history” by the end of 2021. But if the headline-grabbing drama has affected Flare Networks, the project’s done a very good job of hiding it—with the start-up making a slew of announcements as it prepares for launch.
Markets Report: Bitcoin bows to Ether as ETH nears new all-time highs
A lack of firm commitment up or down for Bitcoin contrasts with fresh gains for Ether, which is battling final resistance below $1,475
Bitcoin disappointed bulls on February 2 as a fresh attempt at flipping higher levels to support gained little momentum.
XRP pump draws in thousands, and victims lose millions
Some crypto enthusiasts are coming to terms with sizeable losses after XRP plummeted at a time when it was meant to surge
In the darkest corners of Crypto Twitter, on the r/WallStreetBets Reddit page, across a myriad of Telegram chats and in Discord messaging rooms, thousands of inexperienced investors were being sold a promise: buy at this time and riches will follow.