Ripple CEO Criticizes Dogecoin Amid XRP ETF Speculation

10.06.2024 21:19 50 times read Reading time: 2 minutes 0 Comments

Ripple CEO Comments on Meme Coins Amid XRP ETF Optimism

In a recent statement, Ripple's CEO Brad Garlinghouse shared his views on meme coins during the Consensus 2024 event. He expressed skepticism about Dogecoin, stating that it does not contribute positively to the cryptocurrency industry. This comes as Ripple (XRP) trades around $0.50 amid ongoing legal battles with the SEC and anticipation surrounding an XRP ETF approval.

The full article can be read at FXStreet German site.

The Best Mining Providers at a Glance

» Infinity Hash

From our perspective, currently the best mining provider on the market. With the community concept, you participate in a mining pool completely managed by professionals. A portion of the earnings are used for expansion and maintenance. We've never seen this solved as cleanly anywhere else.

» Hashing24

A well-known and established cloud hosting company. With a good entry point and in a good market phase, a good ROI can also be generated with some patience. Unfortunately, we see the durations as a major drawback.

Ripple in Danger: How Low Will XRP Go?

XRP has experienced significant bearish trends recently, falling over 39% in three months after being rejected at key resistance levels. Analysts suggest that if this downward trend continues, support might be found around $0.43 USD. The technical indicators show mixed signals but lean towards further declines unless new bullish momentum is generated.

You can find more details in the original report by BeInCrypto here.

XRP ETF Approval: Latest News and Updates (2024)

The potential approval of an XRP Exchange-Traded Fund (ETF) remains uncertain due to regulatory hurdles and ongoing litigation between Ripple Labs and the SEC. Despite these challenges, there is optimism within the community regarding future approvals which could significantly impact investor confidence and market dynamics for XRP.

For comprehensive coverage on this topic, visit Bitcoin2Go’s detailed analysis here.

XRP Drops - Ripple Moves 200 Million Tokens Sparking Community Distrust

A recent move by Ripple involving transferring 200 million XRP tokens to an unknown wallet has led to speculation about possible liquidation plans by the company. Following this transfer, XRP prices dropped by approximately 4%. However, despite these concerns, Ripple continues to form strategic partnerships ahead of its stablecoin launch.

The complete story is available at FXStreet German site here.

XRP Price Falls Below Key Support Due to Token Sales by Ripple – June 9th Update

The price of XRP fell below critical support levels following substantial token sales conducted by Ripple itself. These actions have raised questions among investors concerning their long-term strategy for maintaining value stability amid broader market volatility affecting cryptocurrencies globally.

Dive deeper into this development through wallstreet:online’s extensive report here.

No Investment Advice According to the Securities Trading Act (WpHG)

The content on this website is solely for the information and entertainment of readers and does not constitute investment advice or a recommendation according to the Securities Trading Act (WpHG). The content on this website reflects only our subjective, personal opinion.

Readers are expressly encouraged to form their own opinions regarding the content of this website and to seek professional and independent advice before making any specific investment decisions.

We report on our experiences with the respective providers and receive commissions according to the partner conditions. Our test reports are based on real tests and are documented via screenshots. Proof can be requested at any time.

Your opinion on this article

Please enter a valid email address.
Please enter a comment.
No comments available

Article Summary

Ripple CEO Brad Garlinghouse expressed skepticism about meme coins like Dogecoin, while XRP faces bearish trends and regulatory challenges amid optimism for an ETF approval. Additionally, Ripple's recent transfer of 200 million tokens has sparked community distrust as XRP prices continue to fall below key support levels due to substantial token sales by the company.

...
The best stock exchanges in comparison

We have compared the best crypto exchanges for you. Just take a look at our free crypto exchange provider comparison.

...
Already thought about the tax for your coins?

We have compared the leading crypto tax tool providers for you. Check out our free crypto tax tool provider comparison.

The Best Bitcoin Mining Providers at a Glance

» Infinity Hash

From our perspective, currently the best mining provider on the market. With the community concept, you participate in a mining pool completely managed by professionals. A portion of the earnings are used for expansion and maintenance. We've never seen this solved as cleanly anywhere else.

» Hashing24

A well-known and established cloud hosting company. With a good entry point and in a good market phase, a good ROI can also be generated with some patience. Unfortunately, we see the durations as a major drawback.