As regulatory issues over XRP — the world’s third-biggest crypto asset — have intensified, some celebrities are stepping in to voice extra FUD con
As regulatory issues over XRP — the world’s third-biggest crypto asset — have intensified, some celebrities are stepping in to voice extra FUD concerning the coin.
Ben Askren, former UFC fighter and known Bitcoin (BTC) bull, has pushed extra scepticism towards XRP with a brief tweet on Jan. 28: “I feel XRP is a rip-off.”
Askren loves Bitcoin and Litecoin, not XRP
Askren’s newest cryptocurrency verdict builds on a background of earlier endorsements of different cryptocurrencies. The well-known former Olympic wrestler isn’t solely bullish on Bitcoin, but additionally supports Charlie Lee-founded Litecoin (LTC), the seventh largest cryptocurrency by market cap as of press time.
In January 2019, Askren was purportedly sponsored by the Litecoin Basis because the blended martial arts fighter for UFC 235 occasion. Subsequently, the UFC fighter appeared on his Instagram carrying a Litecoin-branded t-shirt.
The celeb has additionally promoted Bitcoin on his Twitter in October 2019:
“Simply purchased extra BTC utilizing @eToro was very easy, now all of you twitter geniuses can inform me Crypto is a rip-off whereas my property go up!”
Askren has additionally just lately retweeted to substantiate his help of each Bitcoin and Litecoin:
Supply: Twitter
Askren’s remark comes amid worsened state of affairs round XRP
As Askren has been generally known as a shill for BTC and LTC for some time, a person on Twitter asked him a query: “The actual fact @Benaskren is staying quiet on XRP tells me its going to take it a very long time if ever to moon.” Askren’s verdict did not take lengthy, and part of the crypto group on Twitter expressed some destructive stance towards XRP, whereas the tweet has amassed over 2,000 likes as of press time.
Askren’s assertion about XRP comes amid an already worsened state of affairs across the coin as XRP dropped over 40% from $0.364 in 2019 to $0.183 in December, marking a two-year low. The state of affairs has been exacerbated by rising issues over the unclear regulatory standing of XRP’s issuing firm, Ripple, which faces a class-action lawsuit alleging that it held an unregistered sale of securities.
Regardless of all this, CEO Brad Garlinghouse has just lately hinted at an preliminary public providing for Ripple, which undoubtedly has some implications for the destiny of altcoin.
At press time, XRP is trading at $0.238, up over 1% over the previous 24 hours, following a serious green trend on crypto markets.