Peter Brandt, the legendary trader and tech analyst, has remained true to the negative outlook for Ripple's XRP token prospects. In response to the sarcasm of one of the followers, he called for calm, adding words about the “manipulated scam”.
This is not the first time Brandt has talked about the inevitable nullification of the fourth cryptocurrency by capitalization. A month ago, he claimed that the issuer of the coin holds quotes in the range of 23-24 satoshi as the last frontier. But he will inevitably fall, which will send the price to 11 Satoshi.
The trader calls the purchase of XRP "doom." The value of the coin has been decreasing since October 2019 and by the current moment has lost almost 45% of its price relative to BTC.
In dollar terms, the coin is valued at 20.23 cents. Recently, the stablecoin Tether has removed XRP from the third line of the CoinMarketCap rating.
The other day, Ripple technical director David Schwartz has denied the speculation about the start of development of stablecoin based on the blockchain of the project.
Note that in the fourth quarter of 2019, the sales volume of XRP tokens sharply decreased. According to the document, XRP's total sales in the fourth quarter amounted to $ 13.08 million, while in the third quarter it amounted to $ 66.24 million.
It is worth noting that the XRP Exchange has closed in the Netherlands. In addition, the Bitbox exchange, owned by the giant Line, decided to get rid of XRP.
