Raoul Pal, founder of Real Vision, recently made remarks that brought the XRP army to the barricades in defense of their favorite digital asset. He sparked a fierce debate about the digital asset’s potential by urging investors to rethink their positions and abandon legacy coins like XRP.
In a video shared by Jungle Inc, another respected crypto personality and prominent crypto YouTuber, Pal argued that the XRP market has been stagnant for some time and investors should focus on newer assets with greater growth potential.
He cautioned against holding onto XRP out of emotional attachment or fear of missing out on a potential bull run. Instead, Pal advised investors to prioritize rational decisions and consider the broader market opportunity.
The XRP community responds
Pal’s criticism was met with resistance in the XRP community. Jungle Inc. countered Pal’s argument by emphasizing the importance of diversification. He argued that a balanced portfolio should include emerging blockchains and established assets like XRP, which have performed well despite hurdles.
Other prominent figures in the community also responded to Pal’s comments. Pro-XRP attorney Fred Rispoli noted that Pal is a well-meaning member of the crypto community, but respectfully disagreed with his claims. Rispoli stressed that while some older cryptocurrencies like EOS may have lost relevance, XRP has not reached that stage yet.
Yassin Mobarak, founder of Dizer Capital, echoed Rispoli’s sentiments, emphasizing XRP’s potential for significant growth. While Mobarak acknowledged the short-term bias against XRP, he emphasized the long-term benefits.
Good Morning Crypto, a prominent figure in the crypto community, launched a poll asking the community if they agreed with Pal. After nearly 6,700 votes, 77% disagreed with Pal, showing the community’s confidence that XRP has not yet passed its peak.
In response to Pal’s criticism, XRP enthusiasts have pointed to the cryptocurrency’s unique characteristics and future growth potential. They argue that XRP’s role as a digital asset for cross-border payments and its association with Ripple position it favorably for future development.
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Is XRP Army a cult?
In addition to criticizing XRP’s market performance, Pal expressed concern that the XRP and ADA communities have become cult-like, arguing that this mentality can cloud investors’ judgment and lead them to make irrational decisions.
Many crypto personalities have condemned the XRP Army’s actions, with Cardano creator Charles Hoskinson being a prominent enemy of the XRP Army. However, Pal stated that he hopes the XRP community is right about the digital asset. He hopes it is not an investment strategy. Pal also noted that it was not his intention to insult XRP, but was just speaking out of concern.
Disclaimer: This content is for informational purposes only and should not be considered as financial advice. The views expressed in this article may include the personal opinions of the author and do not represent the opinion of Times Tabloid. Readers are urged to conduct thorough research before making any investment decisions. Any actions taken by the reader are solely at their own risk. Times Tabloid is not responsible for any financial loss.
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