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CoinMarketCap Calls XRP Decentralized, Lacks Crypto Essence -Breaking

by Mike Robinson

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© Reuters. CoinMarketCap Calls XRP Decentralized, Lacks Crypto Essence
    • CoinMarketCap declares XRP to be decentralized, and that it is losing its crypto essence.
    • According to the crypt data newsgator, authorities control and govern the currency.
    • Since 2020, the XRP vs. SEC Case has been a terrible issue.

Shockwaves have been created in the crypto world by the XRP vs. SEC litigation, which began in 2020. Although crypto enthusiasts are supportive and wishing for the, CoinMarketCap has made the latest comments.

According to the crypto data aggregator, it has nothing to do XRP with crypto as it does not have the same values of a distributed cryptocurrency. It stated that XRP was controlled and governed and thus, altcoin had lost its purpose.

CoinMaketCap further added that all other coins are decentralized and basically known as “people’s crypto.” Additionally, it took to Twitter (NYSE:) using the image of the popular game, Among Us, indicating that XRP was an “imposter.” CoinMarketCap displayed the gamified images of nine cryptos asking the audience to identify the imposter. Among Us allows players to identify imposters and then point them out.

However, in response to CoinMarketCap’s defamatory post, a blockchain research platform — Citizen of the Future— tweeted that CoinMarketCap is stating the exact opposite of the IMF news which claims XRP is decentralized.

A Twitter user named XRPGoat also commented on the fact that XRP holders are expected to handle some of Crypto Twitter’s most absurdities.

Ripple Labs was sued by the US Securities and Exchanges Commission in December 2022. According to the SEC, Ripple had raised almost $1,3billion in illegal means. Significantly, XRP (the native cryptocurrency of Ripple) will now be considered security instead of a currency within the US if the SEC prevails in this case.

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