Bitcoin Strategist Says XRP Has Four Advantages Over BTC – But Now Is Not the Time to Buy

Thursday 17 September 2020, 7:29 AM AEST - 4 days ago

A crypto analyst known for his contrarian outlook on the market says XRP has several distinct advantages over the worlds leading cryptocurrency.

In a tweetstorm, the pseudonymous crypto strategist named CryptoWhale tells his 32,000 followers why Ripples native asset is at the top of his crypto list.

#XRP is a digital asset utilizing Distributed Ledger Technology like #Bitcoin but that's where the similarities stop.

XRP is x1000 faster than $BTC (3-4 seconds)
XRP is x1000 cheaper than $BTC (> $0.01)
XRP is better for the environment (no mining)
XRP is more scalable

— CryptoWhale (@CryptoWhale) September 14, 2020

In spite of XRPs apparent fundamental strengths, the CryptoWhale explains why the fourth-largest cryptocurrency has a lot of naysayers.

Data shows that 79% of XRP Investors fell victim to FOMO during the 2017 pump and dump. This has spawned lots of haters for XRP since many had lost money, which created a subconscious negative bias against the coin.

Source: CryptoWhale/Twitter

The crypto strategist says that the negativity surrounding XRP is unwarranted as he thinks the token will eventually rise from the ashes.

While many criticize XRP for being dead, that is certainly not the case. XRP is up over 10,000% since inception. The logarithmic scale also shows were just seeing a similar trend we saw in 2015-2017.

Source: CryptoWhale/Twitter

But, the investor emphasizes that its not yet the time to accumulate XRP. He

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