Don’t Put Your Faith In XRP! Reveals Legendary Crypto Trader Peter Brandt
Popular crypto trader and investment guru Peter Brandt has told millennial and generation X that they should not put their faith in XRP as a cryptocurrency asset worth investing in. The veteran trader spoke about this while doling out pieces of advice to younger generations who may have the intention on investing in crypto or other types of assets.
In his Tweet, Brandt advised Millenials and Generation X demographic to invest at least 10% of their net worth in Bitcoin to improve their financial situation.
He also urged the younger generation to own a house and be part of the housing market while extolling the virtues of investing monthly in quality tech and stock ETFs.
Brandt believes XRP is a Fraudulent Cryptocurrency
Brandt was critical about Ripple, using the opportunity to jab the fourth largest cryptocurrency based on Market Capitalization. This is not the first time that the trader had sent jibes at Ripple and XRP. He had previously called the cryptocurrency an outright scam that was grossly manipulated.
XRP has always been viewed with scepticism by some core traders due to its acclaimed centralized nature. Despite this, its blockchain-based solutions have been integrated widely within the banks and financial institutions across the world. Also, it On-Demand Liquidity product that makes use of XRP for transaction has also witnessed tremendous growth and adoption in various remittance route.
PayBito Lists Ripple on its exchange
Popular crypto exchange PayBito has added Ripple’s XRP to its platform expanding the number of crypto assets listed under it. This is a huge development for XRP users as the USA based crypto platform is one of the biggest within the region.
PayBito revealed that XRP had passed its stringent tests based on the potential for immense growth and met regulatory directives. The platform also believes that the addition of a popular coin like XRP would help the exchange gain more users by allowing them access to the varied trading options.
Ripple is currently trading negatively with the coin down 1.53% in the last 24 hours. At the time of writing, Ripple is valued at $0.186662 with a marketcap of $1,087,156,449.
The market sentiment is currently bearish with the support level of XRP around $0.180. However, this is the general trend of the market as leading coin Bitcoin has failed to surpass the psychological barrier of $10,000 in recent weeks.