George Tung, the founder of CryptosRus, has praised XRP and Cardano, emphasizing how the two projects could create an unstoppable force.
According to him, XRP and Cardano boast the strongest communities in the crypto industry, highlighting the dedication of each project’s supporters.
XRP and Cardano Have the Strongest Communities
His assertion aligns with the commitment demonstrated by XRP and Cardano community members across social media platforms. Both projects’ communities comprise active developers, influencers, and investors.
Moreover, Tung also emphasized that both crypto projects have the strongest holders in the industry. His commentary suggests that XRP and ADA investors are willing to hold the tokens irrespective of market dips.
This was evident during the 2020/2021 market cycle after the SEC charged Ripple with violating federal securities laws, which negatively impacted XRP’s price. Although several investors liquidated their XRP holdings after the lawsuit, many have remained loyal to this day.
An Unstoppable Force
Notably, Tung emphasized that combining the XRP and Cardano projects would create an unstoppable force in the crypto market, given the size and dedication of both communities.
He asserted in response to renewed ties between the Cardano and XRP ecosystems. Recall that both communities had been at odds for years, stemming from the SEC’s decision to grant Ethereum a “free pass.”
While Cardano founder Charles Hoskinson pushed against the narrative, he faced resistance from XRP proponents. Meanwhile, Hoskinson ended the hostility last year. He apologized to XRP enthusiasts and proposed several initiatives that would benefit both projects.
Since then, Hoskinson has been pushing for the potential launch of Ripple USD (RLUSD) stablecoin on Cardano. He is currently discussing with the Ripple team to add Cardano to the list of supported networks for RLUSD.
In the meantime, he has unveiled several initiatives for the XRP ecosystem. Notably, XRP holders will be eligible for the upcoming Midnight airdrop, which will distribute two tokens, NIGHT and DUST, to 37 million crypto wallets.
Moreover, Hoskinson announced that XRP will be integrated into Cardano’s light wallet, Lace. This would enable Lace users to store, send, and receive XRP alongside ADA, underscoring the wallet’s multi-chain prowess.
Furthermore, the Cardano founder proposed leveraging Midnight as the DeFi layer for XRP, allowing XRP holders to earn better yields. At the moment, these proposals are still hanging.
Nonetheless, Tung believes combining XRP and Cardano will create an unstoppable force in the industry, citing the strengths of both projects’ communities and investors.
DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
