XRP Market Cap Approaching $200 Billion—Then Why Is XRP So Hated?
Despite XRP’s (CRYPTO: XRP) $180 billion market cap surpassing BlackRock, crypto investors remain skeptical, citing its centralized structure, lack of fundamental value, and outdated bridge currency model.
What Happened: Nate Geraci, president of The ETF Store, sparked a heated discussion on X by questioning why XRP remains one of the most disparaged crypto assets, prompting responses from investors and analysts who outlined several reasons for their skepticism.
Many in the crypto community argue that XRP’s centralized nature undermines its credibility.
One user, Hiphopsince19, pointed out that XRP operates on a permissioned blockchain where a small, approved group controls the network, requiring 80% consensus for major changes, concentrating power among a select few.
They also noted that the public ledger begins at record 32,570, leaving early transactions unverifiable, raising transparency concerns.
Critics also question XRP’s utility as a bridge currency.
Another user argued that bridge currencies like XRP do not accrue value due to equal …
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