XRP Is Up 33% in August. Here's Why I'm Not Buying XRP at a Price of $1.44
Key problems with the coin's tokenomics and supply haven't been solved.
Overview
XRP (CRYPTO: XRP) is at $1.43 as of Aug. 28, bringing its 30-day returns to 33%, but even after its wild run-up and its signs of continued momentum, I'm resolved to not buy any more of it than I already hold through the Canary XRP ETF.
In short, I don't think that the coin's recent growth has anything to do with the fundamental value of the asset itself, and I've become quite skeptical of that value overall. Here's why.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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