Ripple (XRP) has been suffering series of hindrances from regulatory body (The US SEC) since late last year. The attack led to a litigation in a US court leading to panic sales of XRP from majority of their investors. The litigation in the US saw the co-founder of XRP who happens to be the CEO of Stellar XLM sold his XRP. This created more fear among the investors before XRP started to gain the market loss back in January.
Another report came out a week ago that the UK treasury has classified XRP as non-security asset and this is different from the law suit by the US SEC filed against XRP.
Will this mean the XRP might be back to it's position in the Cryptocurrency community soon?
I am suprised Ripple has survived as long as it did. The community was always split on Ripple. Already years ago it was under suspicion to be a Trojan horse of the banks. Then it is centralized and the token supply is not really limited. What can Ripple do that other projects cannot do better? There is a lot of better places to put your money if you want to bet on CEFI and DEFI connecting like Chainlink, Allianceblock or Ocean Protocol.