- Tone Vays says intellectually challenged people are comparing Ripple’s XRP to Bitcoin (BTC)
- XRP can only be compared to PayPal, Tone Vays shares reasons to back his sentiment
Ripple XRP and Bitcoin fans consistently come head-on mostly on social media. Supremacy tussle is in tandem with the cryptocurrency sphere. Enthusiasts of different digital assets constantly throw weights behind cryptos of their choice. Tone Vays is the latest to introduce the topic.
Bitcoin is the largest digital currency by market cap. BTC clearly has unmatched characteristics virtues, especially in the area of commanding the price rise and fall of other cryptocurrencies. Its investors are full of the same hype, seeing how the road is clear for its success globally.
Bitcoin price is not faring excellently in the market with its notable surge of yesterday, which put the digital asset closer to $9000.
Ripple’s XRP in the other hand is the third largest cryptocurrency. The digital asset arguably has the largest and most active user-base commonly referred to as XRP community.
Ripple XRP enthusiasts are not without hypes, but they are more hesitant in seeing XRP grow to a desirable level. Nevertheless, its fans and investors are not hard to recognise in the crypto sphere, due to their ability to defend their choice digital asset significantly.
XRP, like Bitcoin, is also trading around $0.413, a price regarded as its 2019 all-time high. There was a flash of price growth earlier this month, which saw its price breaking $0.4 resistance, moving a bit further to $0.45.
In terms of market cap, Bitcoin cannot be matched by Ripple XRP, but when it comes to transaction cost, speed and scalability, XRP probably rules. These is the popular saying in the XRP community and well-known by nearly all cryptocurrency enthusiasts.
Tone Vays Throws Jibe at Those that Compare Ripple (XRP) to Bitcoin (BTC)
Tone Vays, an influential crypto trader, analyst, and bitcoin maximalist brought on the topic again in one of his recent tweets. He particularly threw jibe at those comparing Ripple’s XRP to Bitcoin (BTC).
Vays claimed that only “intellectually challenged” people would continue to compare the two digital currencies. He continued by saying that Ripple which “strengthens” XRP mutually is not a decentralised payment network.
Vays also pointed that Ripple is not trustworthy neither is it a blockchain. He opined that it can only be compared to PayPal but not Bitcoin (BTC).
Vays concluded by saying that PayPal and Ripple XRP are both centralised, but former is faster in terms of transaction speed. He then captioned a comparison table in his tweet to make the jibe more elaborate.
Why do 'intellectually challenged' people continue to compare $XRP to $BTC.#Ripple is NOT even a #Blockchain, NOT Decentralized or Trustless, etc. U should compare to @PayPal, NOT #Bitcoin.
They r equally centralized but PP is faster & is stable coin.
Can someone make an image! pic.twitter.com/CoBCL2f7oj
— Tone Vays [Bali – Financial Summit] (@ToneVays) May 26, 2019
Present Market Situation of Bitcoin and Ripple XRP
The crypto market is all in green. Yesterday, Bitcoin broke out along the upside, touching $8900 in a very short time.
At press time, Bitcoin (BTC) is trading around $8707, with a price surge of 8% in the last 24 hours. XRP is also in green, trading at $0.413 with 7% price growth in the last 24 hours.
Bitcoin (BTC) and Ripple XRP are on course for similar mission, which is mainstream adoption of cryptocurrency. So, the growth on one could impact the other and vice versa.