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As regulatory issues over XRP — the world’s third-biggest crypto asset — have intensified, some celebrities are stepping in to voice extra FUD in regards to 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 is just not solely bullish on Bitcoin, but in addition helps Charlie Lee-founded Litecoin (LTC), the seventh greatest 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 sporting a Litecoin-branded t-shirt.
The movie star 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 belongings go up!”
Askren has additionally just lately retweeted to verify his help of each Bitcoin and Litecoin:
Supply: Twitter
Askren’s remark comes amid worsened scenario round XRP
As Askren has been often known as a shill for BTC and LTC for some time, a person on Twitter asked him a query: “The very 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 detrimental 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 scenario across the coin as XRP dropped over 40% from $0.364 in 2019 to $0.183 in December, marking a two-year low. The scenario 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 buying and selling at $0.238, up over 1% over the previous 24 hours, following a significant inexperienced development on crypto markets.
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