, the token associated with the California-based fintech firm Ripple, is down 1% today, while other major coins dropped 1%-4% today, despite good news from India.
At pixel time (13:00 UTC), XRP trades at c. USD 0.233 and is also down 4.9% in a week, increasing its monthly losses to 7.5%. The price is down 25% in a year.
XRP price chart:
Today’s trading came after Ripple’s CEO took to Twitter yesterday to once again slam Bitcoin (BTC) and Ethereum (ETH), saying that mining of proof-of-work cryptoassets like these is “a massive waste” and that there is “no incentive to take responsibility for the carbon footprint.”
Energy consumption for BTC and ETH mining is a massive waste and there’s no incentive to take responsibility for th… https://t.co/nD1djdaNSl
— Brad Garlinghouse (@bgarlinghouse)
Shortly after, however, feedback started to pour in from the Bitcoin community, with the Bitcoin evangelist at , Pierre Rochard, responding sarcastically that “XRP wastes far more electricity than BTC, if you look up the definition of waste.”
Interestingly, yesterday’s comments from Garlinghouse is far from the first time the CEO has and , having previously said things like “bitcoin is really controlled by China” and that “99% of cryptos probably goes to zero.”
The current price moves for XRP also comes after it was reported last weekend that Brad Garlinghouse has admitted his company would be .
