In a pivotal move, David Schwartz, co-creator of the XRP ledger, recounted a regrettable investment decision from years past involving Ethereum, sparking discussions within the XRP community. In a X post tweet, Schwartz disclosed selling 40,000 Ethereum tokens for a meager $1 each, directing the $40,000 proceeds toward a solar panel project for a property he no longer owns.
Later, the market value of the Ethereum tokens surged to an astonishing $100 million, leaving Schwartz to rue the missed opportunity. Schwartz revealed a parallel experience involving his father, who liquidated his crypto portfolio and Apple stock only to witness a substantial increase in their value shortly after. These anecdotes garnered attention within the Ripple community, where members interpreted Schwartz’s message as an encouragement to hold onto their coin steadfastly, even if its price falls below $1.
XRP Enthusiasts Rally Behind Schwartz’s Encouragement
EGRAG, a well-recognized figure within the crypto community, responded to Schwartz’s tweet, emphasizing, “Noted, do not sell your XRP.” Another vocal pro-XRP user on the X platform asserted that Schwartz’s story hinted at the rewarding outcome of patience, foreseeing an anticipated surge in the value of coin in the near future.
This discourse emerged amid frustration within the XRP community due to the token’s price consolidation during a bullish period in the broader cryptocurrency space. While other cryptocurrencies surged, coin’s stagnant movement left investors disheartened.
Meanwhile, Uphold, a prominent platform, announced the launch of its self-custody wallet called Vault, aiming to cater to the extensive XRP user base. Uphold’s CEO, Simon McLoughlin, highlighted Vault’s simplicity and user-friendliness, emphasizing its ability to address common challenges associated with self-custody.
Simultaneously, the Ripple coin experienced a noteworthy increase in value, breaking through the $0.60 resistance level. Currently, XRP is trading at $0.6842, boasting a 24-hour trading volume of $20 billion. This signifies a 5.38% price increase in the past 24 hours and a notable 12.83% rise in the last 7 days.
Source: TradingView
Amidst the contemplation of Schwartz’s narratives and Uphold’s strategic debut, a wave of optimism engulfs the XRP community, fueling extensive discussions regarding the potential trajectory of the token’s value. These discussions shed light on the implications for steadfast investors, igniting a sense of anticipation and curiosity within the community about what the future holds for their investments in cryptocurrency.