Holders Express Their Anger As The Price Of XRP Continues To Be On A Descent
Several virtual asset investors might have ventured into the industry especially by buying during the Bull Run which the crypto space witnessed in the period between last December and February this year. Consequently, they happened to have bought their investments at a time when virtual assets were at their all-time high.
With regards to XRP, the crypto experienced a peak of $3.82 early this year in January. Presently, it is being valued at 0.255, which shows a decline of 93.9% within just nine months.
Frustrated XRP Holders
The massive decline in the value of the crypto have forced many XRP Holders to go to Twitter to express their frustrations which has come about has a result of the bear market. This is because their XRP investments have continued to decline in value significantly.
Stellar (XLM) a Better Option?
A number of XRP Holders have realized that the price of XLM is gradually getting close to that of XRP. This is due to the recent news that indicated that international payments with IBM as well as the acquisition of Chain my result in better prospects for the crypto.
The Amazon Story
Recently, the founder of Morgan Creek, Anthony Pompliano, jogged the memories of crypto fans that the stock price of Amazon has previously crashed on four occasions, but nevertheless, it is valued at over one trillion dollars.
The current bear market is likely to influence some Holders to cash out, but the road to a crypto becoming valuable is bound to face ups and downs. This does not mean that it will never rise again.