Binance's ripple tweet goes viral, sparking heated debate over the future of XRP

Binance's ripple tweet goes viral, sparking heated debate over the future of XRP

By deleted00024 | X.Crypto.0X | 9 Jul 2020

Ripple is still the fourth largest cryptocurrency and therefore enjoys a certain prestige, but this position is not without controversy. In the past few weeks, the native cryptocurrency XRP had to give up its position as the 3rd largest cryptocurrency behind Ethereum and Bitcoin to the stablecoin tether. And for a long time there have been doubts among many crypto fans that XRP's performance can benefit from the success of the Ripple company, as Anthony Pompliano recently explained. These often very different opinions about Ripple and XRP were now reflected in a viral tweet by the crypto exchange Binance.

Binance Tweet about Ripple and XRP goes viral

Binance is now the largest crypto exchange in the world in various aspects. The Exchange has achieved this rise in just over 3 years, leaving well-known names like Coinbase behind. A total of 1.1 million people follow Binance on Twitter.

In a tweet on Sunday July 5th, Binance asked these followers the indirect question of what they think of Ripple's XRP as a digital asset by writing

XRP is ……

and asked their fans to complete the sentence and express their opinion. With over 3000 comments, almost 700 retweets and 2,300 likes, the tweet went viral. The controversial issue with Ripple and XRP will have contributed to this.

Different reactions to the asset

Many fans, but also critics, did not miss this chance to express their opinion about Ripple and XRP. The comments on the Binance Post were as different as the views of the asset can be.

Many fans of Ripple and XRP referred to the short transaction times and low transaction fees, which are said to make the fourth largest cryptocurrency better than other altcoins and bitcoin.

On the other side of the coin, critics jumped in and shared their opinions, with some Ripples calling XRP fraudulent.

Economist and crypto trader Alex Krüger calls XRP an "IQ test", while top trader "Big Cheds" says the coin is good for trading, but not much more.

Binance itself, in the form of Binance Research, published its opinion on Ripple and XRP in a blog post in May this year when they called the crypto asset a potential bridge currency, with the aim of enabling global payments in real time and at low cost.

We will probably only be able to really assess how long XRP's future will be and whether Ripple's success can have a positive impact on the course in the long term. Until then, fans and critics will continue to have heated discussions on the subject.


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