The post Ripple’s Backing Cannot Propel XRP Price – Warn Experts appeared first on Coinpedia Fintech News
In our industry, one would be forgiven for believing that a company’s support might single-handedly elevate a token’s worth. Recent comments from prominent voices within the XRP community, however, have shed light on this very sentiment concerning Ripple and its flagship digital asset, XRP.
The Ripple Impact: A Deeper Dive
Crypto Eri, a well-recognized XRP enthusiast, has voiced concerns over the popular notion that Ripple’s efforts alone can skyrocket XRP’s valuation. Dispelling this belief, she emphasized that her investments in XRP were never pinned on Ripple’s endeavors to bolster the digital asset’s price. A glance at the numbers reveals that Ripple’s sales and promotional activities influence only a fraction of XRP’s trading volume.
Digital Asset Investor’s Perspective
Unlike DAI, I don’t rely on the efforts of Ripple to build up the price of XRP. Nev
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