The Rise Of DeFi & The Crypto Virtuoso

One of the most critical aspects of Crypto is that it is a multifaceted industry rich in diversity, opportunity, and use cases. That’s why it is somewhat concerning that so many involved in the space are primarily engaged with the speculative aspects of investing and nothing else. So many have been impressed by XRP’s performance. However, it is still below its 2017 top, never mind the previous cycle top, which was lower than 2018.

Even gold has outperformed XRP since 2018, and that’s saying something. Until recently, gold was a nonperformer and had a prolonged period of stagnation. Whales have capitalized on the recent XRP price spike, causing the asset to trade significantly lower than its 2018 cycle top.

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In 2018, speculators hit XRP hard as MSM news outlets began advocating the asset as a prime investment. Yes, the SEC debacle has been the primary culprit regarding the suppression of the price of XRP. After all, who wants to invest in an asset embattled with the SEC and facing high-level probing and scrutiny? Many XRP investors have had to wait almost a decade and are still experiencing a floating loss.