Fourth biggest crypto, XRP, has plummeted below $0.20, and Peter Schiff cannot but add his few cents at slamming the coin.
On the news of largest US-based exchange, Coinbase, delisting XRP, the coin has made another decline and dropped from $0.22 to $0.19.
XRP’s market cap has shrunk slightly over billion USD since earlier today and the coin is now the holder of the top 4 position on CoinMarketCap with USDT taking its top 3 place.
Peter Schiff, the famous Bitcoin critic, has taken to Twitter to share the fact of the XRP decline, reminding the community that XRP has lost nearly seventy percent of its market cap after the US SEC sued Ripple and its former and the current CEOs – Chris Larsen and Brad Garlinghouse.
The regulator has also concluded that XRP is an unregistered security.
Image via CoinMarketCap
Earlier today, XRP sat at $0.22 but at press-time the coin is trading at $0.19. Peter Schiff asked what may happen to Bitcoin if the SEC calls it a security too. Besides, Schiff has got the name of the asset wrong, calling XRP by the name of the fintech giant Ripple.
Image via Twitter
However, this is not an issue as the regulator has already announced Bitcoin and Ethereum not to be securities.