Renowned crypto author Panos Mekras dismisses the prevailing belief that events like the Ripple IPO and Settlement, which are eagerly anticipated, carry substantial importance for XRP.
In a recent discussion on X, Mekras expressed his disagreement with the widespread notion that the pending consequences of Ripple’s prolonged lawsuit could significantly impact the market value of XRP.
According to him, the outcome of Ripple’s case with the SEC no longer holds relevance for XRP. Notably, Mekras’ view emerged following a conversion with a Persian XRP enthusiast, Jonny.
In his post, the XRP enthusiast argued that the prospect of transforming six years of adversity for XRP holders into six years of prosperity is on the horizon.
In particular, Jonny stated that a potential Ripple settlement, an impending Ripple IPO, and the awaited approval of Bitcoin Spot are among soon-to-materialize pivotal developments that could bring immense excitement to XRP holders.
The view rests on the belief that XRP’s price could soar higher when the highlighted events come to fruition.
Expert Disagrees
However, Mekras, author of “Understanding the Crypto Economy,” disagreed. He remarked:
“I don’t think what happens with the case from now and if there is a settlement or not matters for XRP and XRP holders. If that’s what most XRP holders are waiting for and are excited about, I strongly disagree with them.”
If that's what most $XRP holders are waiting for and are excited for, I strongly disagree with them. I don't think what happens to the Ripple case matters for XRP itself anymore. XRP has been cleared, it's not a security, the ecosystem moves on along with the hundreds of projects… https://t.co/U6w5OkCVNm
— Panos ?{X} (@panosmek) December 17, 2023
Mekras’ sentiment is that given that XRP has been cleared and is not considered a security, other consequences of Ripple’s case now lack relevance to XRP itself.
According to him, the XRP ecosystem is now progressing with the numerous projects built on it. In parallel, he highlighted other XRP-specific pending developments XRP holders should long for instead.
In his view, the most thrilling catalysts for XRP holders in the coming months revolve around developments like the Automated Market Maker (AMM), Xahau collaboration with Evernode, the EVM sidechain, and the myriad of innovative apps and ideas emerging within the XRPL ecosystem.
“There is so much more to be excited for in the XRPL ecosystem,” the crypto author submitted.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
-Advertisement-
