Bitcoin to Stabilize at $4,000; Ripple Needs to Separate from Own Ripple Token (XRP) Says Tone Vays
With over 88,000 subscribers and tens of videos, most of whom talking about Bitcoin, Tone Vays isn’t your ordinary YouTuber. He has earned immense popularity, both within and outside YouTube, thanks to his well-thought-out analysis of the coin.
Vays is also a derivatives trader, although the world possibly knows him because of his critical opinions about Altcoins, especially XRP and Ripple in general. One of his most recent videos has, however, left many wondering whether he’s worth believing or not.
While talking to BloxLiveTv, Vays delivered a damning prediction about Bitcoin and its current bullish run. According to him, a looming 30-40% correction in the price of Bitcoin would result in its price finally stabilizing at $4,000. And if that eventually comes to pass, Vays would be convinced that the bull market has kicked off.
He is a staunch Bitcoin advocate, as highlighted by a huge chunk of his YouTube videos, and even analyzes every single happening about it. But while talking about the pump that the coin is currently experiencing, Vays admitted that he wasn’t sure whether there had been any notable change from crypto-winter to date.
Tirades Directed at Ripple
Despite his open dalliance with Bitcoin, however, Tone Vays has never stopped bashing a majority of altcoins, especially XRP. Ripple, the parent company of XRP, recently entered into a partnership with MoneyGram, what Vays expectedly couldn’t have ignored talking about.
Vays, in his classic fashion, threw shade at it. He said that Ripple token is “totally useless to their ecosystem” even though the company has made money out of it. He further stated that Ripple might keep the money it had made off XRP and spend them the way they like.
He further advised Ripple to focus on remittance companies and spend their funds there because according to him, the payments industry is “a market that Ripple is challenging.” He, of course, signed off by referring to how Bitcoin is doing well compared to XRP.
The price of XRP has been dwindling at a time when Bitcoin is doing well. This, according to Vays, should be enough for the Ripple community to abandon the token. He was even more brutal, saying that XRP token
“just doesn’t make sense.”
Ripple, according to Vays, stands to fail because it was initially unfairly placed the token amongst other large companies that are honestly working hard to be there. The most recent chart of XRP vs. Bitcoin has been drawing lots of debate, primarily because XRP broke its more significant support a week ago, even though it had kept it for over a year.