As a long-time XRP supporter and passionate representative of the community, Yassin Mobarak is sure that the situation with XRPL was not that dramatic even amid the Ripple v. SEC. Flare (FLR) founder Hugo Philion indicated technological solutions that may be useful.
As a long-time XRP supporter and passionate representative of the community, Yassin Mobarak is sure that the situation with XRPL was not that dramatic even amid the Ripple v. SEC. Flare (FLR) founder Hugo Philion indicated technological solutions that may be useful.
XRP Ledger criticized by community enthusiasts: here’s why
Yassin Mobarak, an XRP enthusiast and investor, stated that he had never seen so many people in the XRP/Ripple community so deflated, so frustrated and angry. His alarming statement was shared on X today, January 22, 2024. Furthermore, he found hopelessness in the tweets of many of his colleagues.
The situation in the community seems worse for Mobarak even compared to the periods of fighting the SEC lawsuit. As Guru-Investingpreviously reported, the US court dismissed most of the allegations against Ripple and its key officials.
Above all, he is disappointed by XRP’s apathetic performance amid other altcoins rallying after ETF approval in the US:
That vision of a promised land is now being crushed by the reality of $XRP’s impotence; and by the wave that is dragging other alternatives while leaving $XRP behind slowly drowning.
Hugo Philion, CEO and founder of Flare (FLR), an EVM-compatible Layer 1 blockchain backed by Ripple, is confident that this status quo can only be changed by introducing XRPL programmability:
XRP will be in the conversation when people can build with it.
This, in turn, can be achieved through Flare, Hooks and sidechain activation on top of the XRP Ledger.
XRP or MYRO? Solana meme coin fan has an answer
Philion and his followers agreed that there was too much “hopium” previously and focused on the community enthusiasm on the XRP Ledger.
Meanwhile, supporters of other narratives never miss an opportunity to highlight the benefits of their products. Solana (SOL) meme coin pseudonym enthusiast Myro (MYRO) opined that in the medium term, meme coins could be more beneficial than holding XRP.
Yassin Mobarak responded that the MYRO thesis “makes sense” to him.
XRP is changing hands at $0.53; the token lost 3.5% of its value overnight.