The price of XRP is not slowing down, hitting $2.8 earlier today with a 400% price spike in just a few weeks. Despite this, some crypto users are still not impressed with the token. One such user is KaspaSilver, who took to X to express his thoughts.
KaspaSilver presented a compelling case for choosing Kaspa (KAS) over XRP, even as Ripple’s token continues its upward momentum.
The analyst emphasizes that XRP serves as a crucial test for the cryptocurrency community, pointing out a fundamental contradiction in its structure. He explains that purchasing XRP essentially means investing in the same centralized financial framework that cryptocurrency was originally designed to circumvent.
KaspaSilver draws attention to Kaspa as an alternative, noting its commitment to true decentralization and alignment with the original cryptocurrency vision. The analyst’s perspective gained additional context when responding to a query from trader Reymond Manta about XRP’s sustained price performance compared to KAS’s more volatile movements.
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40% of XRP Supply Remains in Ripple’s Control
In response to Manta’s observation about XRP’s seemingly resistant price action, the analyst revealed a critical insight into XRP’s tokenomics. He points to the significant concentration of power in Ripple’s hands, noting that the company controls over 43% of the total supply.
Through this analysis, the crypto analyst effectively contrasts XRP’s centralized structure with Kaspa’s more distributed model, suggesting that investors seeking true cryptocurrency innovation might find more value in KAS despite XRP’s current price momentum.
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