Recently, Smartereum reported that Brad Garlinghouse – the current CEO and founder of Ripple Labs Inc. – talked about how a major wave of institutional investors are going to find their way into the crypto space in the Q3 of this year.
Brad Garlinghouse’s Statement
Brad Garlinghouse said “one of the things he will tease for a future announcement in the third quarter markets reports, which they always share, where they see institutional participation in purchasing XRP. The third quarter of this year will be a record of institutional participation in growing increase interest in HODLing XRP.”
XRP’s positive coverage could be traced back to the Chief Technology Officer (CTO) at Ripple Inc. – David Schwartz, continuing to post and respond on the website of Ripple and on Twitter about the blockchain project at the decentralized nature of the digital currency.
“Ethereum (ETH) and Bitcoin (BTC) are presently seen as the gold standard for decentralization. Since they consider these blockchains as decentralized, then XRP is also decentralized by design, if not more decentralized than Ethereum (ETH) and Bitcoin (BTC).” – says the CTO at Ripple Inc.
Weiss Ratings Praises the Technological Achievements of XRP
The blockchain project has been praised and applauded for its technological achievements by Weiss Ratings several times via their official Twitter handle. The frequent mentions by the firm indicate one feeling of recommendation and the current low values of the digital currency could be a golden opportunity to step in.
Recently, Weiss Ratings tweeted that XRP is the fastest digital currency to move funds from one trading platform to another, adding that it only makes sense for Binance – one of the most popular digital currency trading platforms – to use XRP as its base currency.
XRP (XRP) Price Today – XRP / USD
At the time of writing, XRP is trading at $0.3404 after an increase of more than three percent over the past twenty-four hours. The current market cap of the digital currency is $13.49 billion and its trading volume over the past twenty-four hours is $245.08 million.