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At Risk of Extra Zero Amid Worsening Market Sell-off
Tomiwabold Olajide
It was then confirmed that the altcoins would be part of the so-called “stockpile,” which would exist separately from a Bitcoin-only reserve. There was a lot of confusion about how the above-mentioned stockpile would be formed, given that only forfeited tokens are supposed to be part of the reserve. ADA and XRP experienced further losses after it was clarified that the tokens were mentioned based on their market cap, meaning that they were not hand-picked by the government.
On Monday, the leading altcoins experienced another brutal correction in tandem with Bitcoin and tech stocks. XRP, for instance, is now down 14% since the initial reserve announcement. The token is now flat on a year-to-date basis after surging to a new all-time high of $3.40 in January.
#XRP Price Analysis
