Is This 1 Sign a Problem for XRP?
It's well known that XRP (CRYPTO: XRP) has a loyal army of evangelist investors promoting the coin's virtues. But for every highly motivated group of holders, there's liable to be those with sharp criticisms and other ideas about why buying the coin is a big mistake. And, frequently enough, the critics get it right in the end.With that possibility in mind, there's one metric in particular that's become a bit of a talking point among those who would prefer to be short selling XRP rather than buying or holding it. Is it an actual problem that holders should consider, or a red herring?There are a lot of decentralized finance (DeFi) projects in the cryptocurrency sector. Whether it's sourcing opportunities for peer-to-peer loans, generating a yield from staking, or simply trading on a decentralized exchange (DEX), DeFi is a major component of most of the biggest chains.Continue reading
It's well known that XRP (CRYPTO: XRP) has a loyal army of evangelist investors promoting the coin's virtues. But for every highly motivated group of holders, there's liable to be those with sharp criticisms and other ideas about why buying the coin is a big mistake. And, frequently enough, the critics get it right in the end.
With that possibility in mind, there's one metric in particular that's become a bit of a talking point among those who would prefer to be short selling XRP rather than buying or holding it. Is it an actual problem that holders should consider, or a red herring?
There are a lot of decentralized finance (DeFi) projects in the cryptocurrency sector. Whether it's sourcing opportunities for peer-to-peer loans, generating a yield from staking, or simply trading on a decentralized exchange (DEX), DeFi is a major component of most of the biggest chains.
