The value of XRP has decreased by 11.23% in the past 24 hours.

This pushed the coin’s price to an all-time low and hit a new yearly figure of $0.2389.

The total market capitalization of Ripple is $10.4 billion, making it the 3rd place on CoinMarketCap with a trading volume of $1.5 billion in the last 24 hours.

Several prominent people in the cryptocurrency market are attacking XRP, deeming it to be useless and subjected to massive inflation.

Among those who attacked the currency recently was Mr. Charlie Lee, the founder of Litecoin, who referred to the Ripple currency while he was a guest on a podcast. “Charlie Shrem” In an episode titled “Untold Stories”.

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Among what Charlie Lee said about the Ripple currency is that its creators ignore what is going on around them and escape the story of printing 100 billion XRP units and allocating them to themselves and saying that someone else did it.

Podcast host “Charlie Shrem” added that he was being offered millions of dollars by the Ripple administration in exchange for adding the Ripple currency to the platform he was running “BitInstant”, but he replied to them via e-mail with the following:

“I don’t think Ripple has any point, I don’t take a bribe. have a nice day”.

Charlie Lee continued his talk about Ripple, noting that Ripple insists that the former Ripple units should not be minted, and they say that It was made by Jed McCaleb and then donated to Ripple.

As mentioned, 100 million XRP units were recently transferred to “Jed McCaleb”:

Transferring more than $26 million in Ripple (XRP) to one of the founders’ wallets

“Lee” added that these funds that were initially minted were created for the purpose of bribery people and given to those who were complicit with them.

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The stable position of the Ripple currency in terms of total market value is the result of a strategy bearing the name

“Fake It So You Can Make It” According to Charlie Lee.

The Ripple project has entered into several partnerships, all of which are part of a strategic marketing framework to raise the price of the XRP currency so that Ripple sells it every time to finance the company.

Ripple technical director David Schwartz responds that the story of the Ripple denomination is ancient and the origins of the first XRP coins are known, and a light search on the internet will do the trick:

It is a matter of public record that Chris, Jed, and Arthur established the ledger and the asset (it was called “Ripple” at the time) before the company existed and agreed to give XRP to the company. Five minutes with the search engine will find the documents. pic.twitter.com/0XZVhQRcu1

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– David Schwartz (@JoelKatz) September 25, 2019

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