XRP’s price surged 20% recently, while Ethereum (ETH) remained flat. This led to criticism of Ethereum founder Vitalik Buterin for alleged neglect. Crypto Bitlord voiced concerns on X about Buterin’s focus and Ethereum’s growth, sparking debate.
XRP now trades at $0.534, exciting investors with quick gains. Meanwhile, Ethereum struggles at $$3,390, dropping over 4% over the past month despite its prominence. The stark contrast in performance has drawn attention to the different trajectories of these major cryptocurrencies in the current market.
Vitalik Buterin Accused of Neglecting Ethereum
Crypto Bitlord has called out Vitalik Buterin for not caring enough about Ethereum scalability. Bitlord claimed that Buterin is too busy with his stuff, like fancy trips and silly things like wearing masks, instead of working on the important job of improving Ethereum. He thinks Ethereum isn’t doing well in the market because of these distractions.
I’m sorry but @VitalikButerin isn’t doing enough for $ETHHe’s taking first class flights and worrying about a mask when he should be scaling etheriumIn that time $XRP is up 20% while $ETH has barely movedThe sad thing is he knows it. Grifting each day away at conferences
— Crypto Bitlord (@crypto_bitlord7) July 13, 2024
This criticism comes when crypto enthusiasts are closely watching big cryptocurrencies to see how they grow and perform during the current market.
Different commentators in the crypto community, however, have different takes on what Bitlord said about Buterin. Some agree, while others don’t. A long-time crypto enthusiast going by Yakuzaon X stood up for Buterin. Yakuza pointed out how much Buterin has contributed to making Ethereum successful. Yakuza thinks that even if Buterin isn’t doing much now, his past work still matters greatly.
I don't agree with you, famAt this point he might not be doing that But it is because of his past records and pumps that we've seen $ETH reach the level it is, right now
— Yakuza (@YakuzaInCrypto) July 13, 2024
On the flip side, someone else weighed in on the XRP vs. Ethereum debate. They don’t think XRP will ever be bigger than Ethereum. This person believes Ethereum has a lot going for it and a solid plan for the future. They reckon Ethereum is still on track, even with the bumps it’s hitting right now.
Nevertheless, some in the community don’t agree though. They’re not sure Ethereum can handle more users without hurdles. These doubters argue that Ethereum’s current and future scalability issues might hinder its adoption.
How Ethereum and XRP Stack Up
The way ETH and XRP prices changed last month shows some big differences. ETH’s price kept going down at first, then stopped dropping and went back up. It moved higher overall but stagnated where it started for most of the time.
Meanwhile, XRP’s price fluctuated much more, dropping hard a few times but bouncing back fast. In the end, XRP’s price shot up much higher than it began. At the time of writing, ETH has a total market value of about $410 billion, while XRP is worth around $29.8 billion.
