XRP Community Alleges Media Bias in Reporting, Cites Strong Year of Growth
In a fervent claim, members of the XRP community assert that mainstream media in the United States is presenting a skewed narrative by downplaying the remarkable performance of XRP over the past year. The community contends that this bias has led to misconceptions about the digital asset’s growth trajectory, often overshadowing its substantial achievements.
Prominent XRP advocate, Digital Asset Investor, has sparked the discourse by asserting that XRP has surged by an impressive 58% over the past year, outpacing even the top contenders with significant market capitalization. While traditional media often highlights Bitcoin and Ethereum as the frontrunners, Digital Asset Investor suggests that the true performance data of XRP remains hidden from public view.
XRP +58% On the year. Best performance of any of the top 10 digital assets on @CoinMarketCap
You'd think it was Bitcoin and Ethereum if you watched @SquawkCNBC @CNBC The truth will set traditional media free but don't hold your breath.— Digital Asset Investor (@digitalassetbuy) August 20, 2023
“The truth will set traditional media free, but don’t hold your breath,” cautioned Digital Asset Investor, reflecting the frustration felt by many within the XRP community. A prevailing sentiment among supporters is that the influence of billionaire hedge funds, who reportedly control media narratives for business interests, further exacerbates the lack of fair coverage for XRP.
XRP +58% On the year. Best performance of any of the top 10 digital assets on @CoinMarketCap
You'd think it was Bitcoin and Ethereum if you watched @SquawkCNBC @CNBC The truth will set traditional media free but don't hold your breath.— Digital Asset Investor (@digitalassetbuy) August 20, 2023
One vocal member, Zach Rector, even went so far as to assert that XRP poses a genuine threat to the dominance of Bitcoin and Ethereum. Rector attributes the lack of media attention to a deliberate attempt to sideline XRP’s achievements, creating a narrative that dismisses its remarkable growth.
XRP performance discrepancy is echoed by Linda
Wall Street expert Linda Jones echoed these sentiments, highlighting the discrepancy between the performance of XRP and its portrayal in mainstream media. Jones opines that the true potential of XRP will only be realized when it consistently maintains its position as a top performer, forcing media outlets to acknowledge its significance.
The media is owned by billionaires and hedge funds that slant the news for their purposes, often leading the public in the wrong direction.
Soon, we will be used to #XRP consistently being the top performer. 😀👍🏻 https://t.co/IfAHBpd0KD— Linda P. Jones (@LindaPJones) August 20, 2023
Historical data from CoinMarketCap seems to corroborate these claims. In August 2022, XRP traded at $0.3453 with a market cap of $17 billion. Today, it stands at $0.52, reflecting an astonishing growth of ten billion in market share, equating to a 51.8% increase over the past year. In stark contrast, other leading cryptocurrencies, including Bitcoin and Ethereum, experienced considerably lower growth rates of 20.89% and 3.29% respectively.
While media portrayal of cryptocurrencies remains a contentious issue, the XRP community is resolute in its assertion that the digital asset’s exceptional growth merits greater recognition. As debates surrounding media bias continue, XRP enthusiasts remain hopeful that a more accurate representation of the digital asset’s achievements will eventually emerge, challenging the current status quo.
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