EX-UFC Fighter Ben Askren Calls XRP a Scam January 31, 2020 January 31, 2020 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJanuary 31, 2020 by Kelly Cromley

EX-UFC Fighter Ben Askren Calls XRP a Scam

As regulatory worries mount on XRP, the third biggest cryptocurrency by market cap, some prominent personalities are adding fuel to the fire by giving statements that are factually incorrect and adds to prevailing FUD.

One among them is Ben Askren, ex-UFC fighter and renowned Bitcoin (BTC) advocate, who has been cynical about XRP. Askren issued a tweet saying “XRP is a scam.”

Askren’s latest opinion about XRP cryptocurrency is based on earlier views about other cryptocurrencies. The notable ex-Olympic wrestler has bullish view of both Bitcoin and also Litecoin (LTC), which was created Charlie Lee.

Notably, Litecoin is the seventh biggest crypto by market cap ($4.27 billion) at the time of writing this article.

Notably, last January, Askren was supposedly backed by the Litecoin Foundation in UFC 235 event. Eventually, the martial arts fighter posted an image of him clothed in Litecoin branded t-shirt.

Last October, the celebrity supported Bitcoin through a tweet:

“Just bought more BTC using @eToro was really easy, now all of you twitter geniuses can tell me Crypto is a scam while my assets go up!”

Of late, Askren has retweeted to affirm support of both Litecoin and Bitcoin:

Askren, a known shill for LTC and BTC for some time around, a crypto enthusiast raised the following query through a tweet. “The fact @Benaskren is staying quiet on XRP tells me its going to take it a long time if ever to moon.”

Askren made his opinion about XRP very quickly after a portion of crypto community tweeted cynically against XRP, receiving over 2,100 likes at the time of writing this article.

Askren’s opinion about XRP has come at a time when the crypto has lost more than 40% to trade at $0.183 last month, reflecting a two-year low price.

The situation was worsened by worries over the lack of regulatory status for Ripple, which issued XRP.

The blockchain firm faces a class-action lawsuit blaming it for selling XRP, which the plaintiff claims to be unregistered securities, without any prior approval from regulatory authorities.

In spite of these problems, Ripple’s CEO Brad Garlinghouse recently cued about an initial public offering for Ripple, which beyond doubt has some impact on the future of altcoin.

At the time of writing this article, XRP is trading at $0.2389, up 1% in the past 24 hours, reflecting an overall uptrend in the crypto markets.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.