Veteran cryptocurrency trader Peter Brandt has lashed out at Ripple Inc Labs, saying XRP token is worth nothing than being given out to the world for free.
Peter, whose comments are held in high esteem by the cryptocurrency community, stylishly lashed XRP after a scammer posted a giveaway link of XRP on a post he shared on Twitter.
Responding, Peter Brandt said: “Giving XRP for free actually prices the coin for what it is worth.”
Giving XRP for free actually prices the coin for what it is worth
— Peter Brandt (@PeterLBrandt) April 13, 2020
In the past, the veteran cryptocurrency trader and author of the number one Amazon trading book “Diary of a Professional Commodity Trader”, had likened XRP daily chart to that of a manipulated market.
During that time, he said the XRP daily chart contained all the signs of a manipulated market that may not favor investors in the end.
He said: “The XRP daily chart has all the earmarks of a manipulated market. Manipulated markets historically have not ended well for the bag holders.”
— Peter Brandt (@PeterLBrandt) March 1, 2019
At the moment, the cryptocurrency market is maintaining a slight fall, with Bitcoin and XRP changing hands at $6,789 and 0.1846 respectively.
The first and third cryptocurrency by market cap were pushed higher on the eve of Easter before falling slightly on Easter Day.
However, analysts are still optimistic about the future of the market irrespective of the world’s financial market, considering the upcoming eventful halving.