Ripple CTO David Schwartz addresses XRP price speculations amid fear, uncertainties and doubts
The crypto market is experiencing significant selling pressure these days. This turbulence has affected major cryptocurrencies, including XRP, which has dropped to its lowest price point since March 2023.Shiba Inu and Dogecoin Among Top Crypto Laggards as Market Sees Severe Downturn
Enormous Shiba Inu Comeback, Bitcoin at $58,000, but Don't Celebrate Too Early, Ethereum Below $3,000 Again Schwartz explained that the current price enables users to acquire enough XRP to facilitate a payment for precisely the worth of the cryptocurrency. He stressed that this underscores XRP's primary function as a medium of exchange, which facilitates fast and cost-effective cross-border transactions, despite the market crash.Schwartz then clarified his position, insisting that his recent comments were consistent with his earlier statements.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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