The crypto market looks really bloody today with the most important coins trading in the red.

At the moment of writing this article, Bitcoin is also trading in the red, and the king coin is priced at $10,924.90.

It’s been revealed that a crypto analyst known for his contrarian outlook on the market said that XRP has a few certain advantages over the king coin.

Bitcoin vs XRP

The crypto strategist named CryptoWhale told his followers the reasons for which Ripple’s native asset is at the top of his crypto list.

#XRP is a digital asset utilizing Distributed Ledger Technology like #Bitcoin but that’s where the similarities stop. 🕒XRP is x1000 faster than $BTC (3-4 seconds)

💰XRP is x1000 cheaper than $BTC (> $0.01)

🌳XRP is better for the environment (no mining)

⚖️XRP is more scalable — CryptoWhale (@CryptoWhale) September 14, 2020



He continued and said: “Data shows that 79% of XRP Investors fell victim to FOMO during the 2017 pump and dump. This has spawned lots of haters for XRP since many had lost money, which created a subconscious negative bias against the coin.”

CryptoWhale also said: “While many criticize XRP for being “dead”, that is certainly not the case. XRP is up over 10,000% since inception. The logarithmic scale also shows we’re just seeing a similar trend we saw in 2015-2017.”

XRP is not a coin for everyone

As you can see from his tweets, the crypto strategist said that all the negativity surrounding XRP is unwarranted as he thinks the token will eventually rise from the ashes.

He concluded by saying this: “I will be sharing my thoughts on Twitter when I think we’ve bottomed out. I understand that this coin isn’t for everyone, and by no means am I forcing anyone to buy/sell. Please do your own research, and if it’s something you like, then hop on during the next capitulation.”

Regarding the price of XRP today, at the moment of writing this article, XRP is trading in the red and the digital asset is priced at $0.248786.



