The CEO of the blockchain company Ripple, Brad Garlinghouse, has said that Bitcoin’s “tribalism” is only holding back the cryptocurrency industry. He went on to say it needs more innovation and development if we want this new technology-driven world order, rather than being bound by old ways.
Like the dotcom era where each company has had the same probability to succeed, now the crypto industry is happening the same.
Every coin could have the potential to succeed and every boat could sail.
That’s why the same Garlinghouse said he’s an holder of Bitcoin as well, Ether and other tokens.
Coming to the SEC, the whole process has been put on hold, with documents that could lead to its end being covered up. After that news, the executives of Ripple seem more than comfortable as they also have time to return old controversies.
While the wrongs committed against Ripple are many (read SEC), it’s not all their fault. They have had some rather peculiar behavior from time to time that doesn’t help them out at all either – just take Ethereum as an example of another competing network!
Switching page, talking about prices: XRP is currently in a downtrend, with prices approaching the key support level at $0.70 after last being tested by buyers earlier this year who were quickly pushed back by bears keeping the movement with no significant change since then despite several attempts on both sides of reversing the trend.
At the moment, it is not surprising that bears are in control of the price action. They’ve been driving XRP below its key support levels, and now it’s up to the news to try to reverse this situation showing the bullish muscles.
