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The price of XRP shows no signs of slowing down, reaching $2.8 earlier today after a staggering 400% price surge over the past few weeks. However, not everyone in the cryptocurrency space is impressed by the token’s performance. One such critic, KaspaSilver, shared his perspective on X, sparking a discussion about XRP’s value and structure.
KaspaSilver made a strong case for favoring Kaspa (KAS) over XRP, even as Ripple’s token continues to gain momentum. The analyst highlighted a key issue with XRP, describing it as a test for the cryptocurrency community due to its inherent contradiction. He argued that investing in XRP essentially supports the same centralized financial systems that cryptocurrency was originally created to challenge.
KaspaSilver pointed to Kaspa as a decentralized alternative that aligns more closely with the original vision of cryptocurrency. His argument gained further traction when responding to a question from trader Reymond Manta, who compared XRP’s steady price performance to the more volatile movements of KAS.
Read Also: Why Is Chainlink (LINK) Price Up?
40% of XRP Supply Remains in Ripple’s Control
In response to Manta’s comments about XRP’s price stability, KaspaSilver offered a critical analysis of XRP’s tokenomics. He highlighted the centralized nature of XRP, noting that Ripple still controls over 43% of the total token supply. This concentration of power, he argued, stands in stark contrast to the decentralized ethos of cryptocurrencies like Kaspa.
Through this analysis, the crypto analyst underscored the differences between XRP’s centralized framework and Kaspa’s decentralized model. He suggested that investors seeking true innovation in the cryptocurrency space might find greater value in KAS, despite XRP’s current price surge.
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