Ripple CEO Isn’t Happy with Ripple’s Correlation to Bitcoin
Ripple Network achievements haven’t been translating into Ripple price (XRP) performance on cryptocurrency exchanges, according to Ripple CEO Brad Garlinghouse.
He isn’t happy with the correlation between Bitcoin (BTC) and Ripple price. He believes the correlation will end as soon as investors begin to recognize the differences between these assets.
“There’s a very high correlation between the price of XRP and the price of bitcoin, but ultimately these are independent open-sourced technologies,” Garlinghouse told CNBC’s “Power Lunch” Wednesday. “It’s early, over time you’ll see a more rational market and behaviors that reflect that.”
...
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
from Crypto Currency News https://ift.tt/2kBejMi
via IFTTT
Kommentare
Kommentar veröffentlichen