Against the backdrop of Bitcoin's rapid growth, which reached an all-time high of $89,000, XRP holders express dissatisfaction with the token's lag. In the past week, the cryptocurrency market has noticeably grown, with altcoins like #Dogecoin increasing in value by 200%. XRP, however, showed only modest growth, reaching $0.6767, which has disappointed investors.
Ripple's CTO, David Schwartz, urged users not to expect a sharp price increase and defends the company's strategy. He noted that Ripple does not guarantee an increase in the value of XRP, explaining this by the company's legal constraints. The legal disputes involving Ripple and #SEC create uncertainty, which limits Ripple in promoting XRP and prevents the token from active growth.
Tension in the XRP community
Many investors have expressed dissatisfaction with the company's strategy, accusing Ripple of insufficient support for the ecosystem. Some criticize Ripple for focusing on attracting banks, from which token holders do not receive direct benefits. Others recall the lack of growth over the past years, calling investments in XRP 'useless'.
Legal analyst Bill Morgan explained that Ripple is limited in actively promoting the token due to its legal status and lawsuits, as XRP is not classified as an investment contract. This restricts the company from attracting new users and makes XRP more vulnerable to market constraints, unlike Bitcoin, which, without such constraints, can develop freely and is supported by its community.
Regulatory challenges and the future of XRP
Differences in regulation between $XRP and Bitcoin are causing concern in the community that Bitcoin has gained an 'unfair advantage' since its distribution and promotion are not limited. Investor expectations from Ripple have yet to be met, as the company prepares to appeal in court in the SEC case to prove the legitimacy of its position.
#Ripple under pressure - the company must prove that its strategy will ultimately benefit XRP holders. Meanwhile, disappointed investors watch the rapid growth of the cryptocurrency market, waiting for Ripple's actions that could support the value of their tokens.
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