Cryptocurrencies can experience dramatic shifts in sentiment, and when a particular coin doesn’t perform as expected, its community reacts, sharing various opinions on and off the internet.
CoinMarketCap’s data shows that XRP’s price performance compared to other cryptocurrencies has been underwhelming. It experienced a measly 18% gain over the month while other assets like BNB and Shiba Inu have experienced incredible gains of 52% and 277%, respectively.
Read Also: Insight from an Expert on Choosing Between Ripple Stock and XRP
Recently, Mr. Huber, known for his crypto investigations, and Panos Mekras, a famous crypto author and Co-founder of Anodos, shared their thoughts, offering two distinct viewpoints on XRP and its recent market performance.
Huber’s External Perspective
In a post on X, Mr. Huber pointed out that many people in the XRP community are feeling quite pessimistic, saying things like “XRP is dead!” He reminds us, however, that the world of crypto can change very quickly.
A single piece of good news, like a legal settlement or the filing and approval of an XRP ETF, could turn everything around. “Suddenly, those who are complaining now will be the ones lamenting how they didn’t sell at today’s prices before the good news came out!” he tweeted.
I'm witnessing an overwhelming wave of pessimism in the XRP community, with cries of "XRP is dead!". Yet, history shows that fortunes can quickly shift with just one positive development, such as a settlement or an ETF. Suddenly, those who are complaining now will be the ones…
— Mr. Huber🔥🦅🔥 (@Leerzeit) March 8, 2024
Looking Beyond an ETF
On the other hand, Panos Mekras is feeling more positive than ever about XRP and its technology platform, XRP Ledger (XRPL). In his response to Huber’s post, he believes that the real value in XRP doesn’t just come from big news like settlements or ETFs.
Instead, he’s excited about the developments in DeFi (Decentralized Finance), lending, and new technology like the EVM sidechain and Xahau, which are all a part of XRPL. “Good projects, useful apps, and active users are what will make XRP succeed and grow in price,” Mekras responded.
And here I am more excited than ever for XRP and the XRPL ecosystem. DeFi and features such as the AMM, lending, and a sidechain ecosystem with EVM sidechain, Xahau and more is the positive developments people should look for, not settlement or ETFs. Good projects, useful apps,…
— Panos 🔼{X} (@panosmek) March 8, 2024
These two perspectives show the different ways people view XRP’s future. Mr. Huber focuses on the impact of big news and market changes, while Mekras emphasizes the importance of technology and community support.
Read Also: Veteran Investor Highlights XRP as an Asset Created for Everyone, Ripple CTO Says 100% Correct
Adding to the conversation, a lot is happening around XRP. As we reported earlier, the legal battle between the SEC and Ripple is gradually coming to a conclusion with the focus now shifting to remedies-related briefs. This stage of the case is important as the court will decide on penalties for Ripple’s past violation of federal securities laws.
In short, the debate between Huber and Mekras is a snapshot of the bigger discussions happening around XRP and cryptocurrencies in general. One view looks for quick changes from big news, while the other sees long-term growth coming from solid technology and user support. Both views offer important insights for anyone interested in the future of XRP.
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