News

Former UFC star Ben Askren calls XRP a scam

XRP bad, Bitcoin and Litecoin good

Former UFC star Ben Askren just took a hard jab on the XRP community by calling it a scam. “Funky” Askren has promoted Bitcoin and Litecoin on several occasions, but this is the first time he has spoken on the third-largest Cryptocurrency.

Askren Tweets:

The tweet has amassed over 2.1k likes, 190 retweets with over 400 comments.

Askren is one of the most active proponents of Cryptocurrencies from the UFC community, partly because the Litecoin Foundation sponsored him at UFC 235 in early 2019. Askren has shilled Bitcoin several times while promoting eToro (a trading platform).

XRP has been one of the points of contention for the longest time in the Crypto sphere, while many question the control of Ripple over the XRP token and ecosystem there are also many XRP fans who come to defend it whenever they see criticism.

The main selling point of XRP is that it will be used as a bridge currency in cross border transactions especially by banks, although Ripple has done pilot projects and partnerships with many banks the price of XRP has stayed pretty much flat since the great crash in early 2018.

XRP is currently valued at $0.23 with a market cap of $10.2 Billion. XRP is currently on an uptrend against the US dollar, if it breaks the $0.24 resistance then there is a good chance it could touch the $0.30 mark.


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Shrikar Parashar

Shrikar is a Blockchain evangelist. He is a die-hard fan of security tokens. He follows the market closely but does not trade. He believes in Hodling.

Share
Published by
Shrikar Parashar

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

2 months ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

3 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

4 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

4 months ago