XRP “Flippening” Bitcoin Talk Heats Up On Social Media

XRP Talk Heats Up On Crypto Twitter

Since XRP’s market capitalization surpassed that of Ethereum (ETH) last week, discussion regarding the asset’s long-term prospects has popped in in droves, with the project’s dedicated (even cult) following taking to Twitter to tout their flavor of the month, so to speak. As recently put by Mati Greenspan of eToro, the go-to digital asset for Ripple Labs, “is basically winning social media.”

Binance CEO ChangpengZhao, better known as CZ, acknowledged the XRP community as well, joking that the asset’s “shill is strong,” before subsequently telling his followers to flush this wanton “shilling” out of their systems in an apparent joke.

Calls For A BTC “Flippening” Ramp Up

Still, while Zhao may have given XRP’s advocates a chance to vent steam, while Bitcoin (BTC) found a home at $5,600, XRP went on its own self-contained micro bull-run, recently recovering from its November 14th multi-week low.As put by The Crypto Dog, a well-known pseudonymous crypto analyst, “XRP and XLM looking like they ready to start alt season all by themselves.”

But, while calls for an “altcoin season” were present, some took these feelings to the extreme, with Ripple Riddler taking to Twitter to (jokingly?) express that “before [the] end of 2018, XRP will be #1 [in terms of] market cap,” adding that “big things are right around the corner.”

Riddler’s comments are evidently alluding to the controversial sentiment that eventually, XRP will oust Bitcoin, before establishing hegemony over the cryptosphere as a whole.

XRP even received some clout from Ran NeuNer of CNBC Africa, who claimed that Bitcoin Cash’s ongoing hashwaronly highlights that investors “should dump BTC and BCH,” and then subsequently reallocate their wealth into the now second-highest capitalized digital asset.

NeuNer even went on to issue a poll about how crypto investors would allocate their wealth into crypto over a 10-year period. And, to the surprise of some, XRP’s proponents actually outed Bitcoin’s, beating the world’s first cryptocurrency by a staggering 2,000 votes (12%).

Even the image below, which highlights the Grim Reaper (XRP) knocking on the door of Bitcoin after massacringEther, Litecoin, Stellar Lumens, garnered 1,100 likes and 325 retweets, further cementing the asset’s popularity and notoriety.

The bottom line is that somehow, out of somewhere, a multitude of crypto investors have decided that eventually, XRP could surpass Bitcoin in some way, shape, or form.

Maybe Not…

However, some took this “flippening” discussion as nothing more than a joke, with a number of prominent crypto analysts/investors poking fun at the Ripple community through a series of tweets. Moon Overlord, a cryptocurrency trader and well-known commentator, joked that he “unironically thinks” that XRP could flip BTC.

Moon later doubled-down on this trolling, taking to Twitter to explain that XLM and XRP, both parented in part by Jeb McCaleb, could reach $10 to $15 a pop in the near future, alluding to the market capitalization qualms that many altcoin maximalists struggle with.

BitLord echoed Moon’s penchant for trolling, explaining that as Ripple’s go-to token could flip BTC in 2019, then touching on the “#XRPTheStandard” meme/joke that has circulated around crypto-related social media channels in recent years.

On a more serious note, Craig “Faketoshi” Wright, a proponent of Bitcoin Satoshi Vision, had lots to say on the matter. Wright, an Australian cryptographer who claims to be Satoshi, explained that the asset is far from a utility token, adding that its use as a “tradable good that is sold under the expectation of profit” makes it a security. If the U.S. Securities and Exchange Commision, or any respectable financial regulator for that matter, deemed XRP a security, a strong sell-off could ensue.

Not only is XRP a potential security, but, as put by CryptoHustle, not a “permissionless decentralized money without masters,” seemingly alluding to the argument that Ripple’s system promotes centralization and the propagation of traditional financial systems.

Regardless, it has only become even more apparent that talk surrounding this subject isn’t slated to dissipate anytime soon, that’s for sure.

Title Image Courtesy ofTeddy KelleyonUnsplash

The post XRP “Flippening” Bitcoin Talk Heats Up On Social Media appeared first on Ethereum World News.

18.11.2018 / 15:25 52
Bitcoin Set for Largest Bull Run in History, Says Mati Greenspan Bitcoin Set for Largest Bull Run in
Image courtesy of Ethereum World News archives.Mati Greenspan, a senior analyst at eToro, thinks that Bitcoin seems to be on the cusp of a massive
Bitcoin ‘Boom-Bust Cycle Has Repeated Itself’ – Senior Market Analyst (Interview) Bitcoin ‘Boom-Bust Cycle Has Repeated
[b]Bitcoinist has once again caught up with Mati Greenspan, Senior Market Analyst at eToro, the most popular social trading platform in the world
Bitcoin Beats Euro As Brewing Italian Crisis Delivers 6% Monthly Losses Bitcoin Beats Euro As Brewing Italian
The euro has declined more against the dollar than Bitcoin since April as Italian political turmoil riles markets. Euro Faces Repeat Politics Data
Senior Market Analyst: Here’s What Caused The Bitcoin Price Pullback Senior Market Analyst: Here’s What
After a noteworthy rally over the past couple of weeks, Bitcoin price and the cryptocurrency market made a sharp and fast corrective move on Tuesday
Etoro’s Greenspan: Wall Street is “Building Bridges” to Bitcoin Etoro’s Greenspan: Wall Street is
Mati Greenspan, a senior market analyst at Etoro, says that Wall Street is prepared to inject “new liquidity” into bitcoin, and that’s exactly what
eToro Analyst: Sideways Movement Will Increase Cryptocurrency Adoption eToro Analyst: Sideways Movement Will
The cryptocurrency market is continuing to experience downtrends, which pushed the market capitalisation below $300 billion during early morning
Comments (0)
Add a comment
Comment on