- Data shows XRP traded at around $0.5 in November 2018 and remains around $0.6021 today.
- XRP has performed poorly in the last five years in comparison to BTC, ETH, ADA, and LTC.
- Bill Morgan disagrees that Ripple’s monthly escrow XRP release contributed to XRP’s five-year underwhelming performance.
Legal expert Bill Morgan has countered the view that Ripple’s monthly escrow XRP release contributed to XRP’s underwhelming price performance in the last five years. The recent conversation around XRP’s five-year-long poor performance erupted after a crypto enthusiast posted a comparison of XRP’s 2018 price with other prominent competing crypto projects.
Per the image, as confirmed by data from authoritative sources like CoinMarketCap, XRP traded around $0.5 in November 2018. With XRP’s price around $0.6021 today, it implies the digital asset has grown by only 20% all through the last five years.
XRP’s price today five years ago | CoinMarketCap
On the other hand, rival digital assets like Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA) have seen no fewer than 400% gains through the same period. Specifically, BTC sold around $6,420 in November …
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