XRP Price Up after RippleNet General Manager Says Bitcoin Maximalism Is Over

Monday 30 November 2020, 9:59 PM AEST - 1 month ago

Despite RippleNet general managers belief that Bitcoin maximalism is over, the king coin has been pulling in continuous jump.

The price of Ripples XRP jumped after RippleNet general manager Asheesh Birla said Bitcoin maximalism in the crypto space is over. In reaction to the comment, Cointelegraph noted that XRP jumped from $0.25 to $0.92.

RippleNet General Manager Bullish on XRP

In a recorded podcast on the 5th of November, Asheesh talked about the gradual acceptance of other altcoins in 2020. Acknowledging that Bitcoin is a pretty innovative alternative to gold, the general manager said:

I think that the day folks believed that theres only going to be Bitcoin, I think, are over. I think its clear that theres gonna be a lot of digital assets and theres gonna be a lot more traditional assets that are gonna be tokenized as digital assets.

At press time, XRP is 0.63% up to $0.615769. With a $28 billion market capitalization, XRP has increased 0.74% in the last 24 hours.

Remaining bullish on XRP, Birla added:

I dont see the traditional venture capitalists as interested as they were in 2017. But in my mind I couldnt be happier in terms of innovation in the space.

Despite Birlas belief that Bitcoin maximalism is over, the king coin has been pulling in continuous increases. Currently trading at $18,482.91, BTC has increased by 3.55% in the last 24 hours.

Recently, Bitcoins price jumped in reaction to PayPals news to include the king coin on its payment platform. Coinspeaker reported that PayPals announcement pushed BTC to $13,000, gaining about 8%. According to PayPal, users can now pay its millions of global merchants with Bitcoin and three other digital assets.

As per the announcement, the other supported assets on PayPals new crypto payment service are Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC).

PayPal Reveals Reason for Not S ...

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