Trader’s Hot Take: XRP Branded The ‘Biggest Meme Coin’ In Crypto

Description

The increasing popularity of XRP is generating a mix of reactions. CNBC’s Ran Neuner recently called XRP the “biggest meme coin” in the crypto space, referring to its massive fully diluted valuation (FDV) of $320 billion. Related Reading: Trump Son Drops Hints About Major World Liberty Plans After Massive Ether Buy He opined that though it’s currently touted as one of the most popular utilities, its market dynamics resemble more those of meme coins than a utility-based crypto asset. This comment...