|

Weiss Crypto Ratings picks a losing fight with Ripple’s XRP community over Stellar (XLM)

  • The XRP community doubts the credibility of Weiss Crypto Rating and the data used.
  • Weiss Crypto Ratings suggests collaboration between XRP and XLM.

One of the leading financial data rating platforms in the world, Weiss Rating has found itself at loggerheads with the XRP community. Weiss Crypto Ratings posted a tweet suggesting that the XRP community would find more satisfaction by transitioning to Stellar (XLM). The platform said that XLM commands “technological advancement” although it lags behind in adoption.

“Some say XRP community transitioning over to XLM would make sense over XRP, but XRP leads in adoption. If the XRP community moved over to XLM, that adoption gap would close. Would you cross over? The tweet reads.

The XRP community commonly known as the XRP army did not leave anything to chance as they sought clarification as to why Weiss Crypto Ratings would make such an ‘absurd’ suggestion. Some even questioned the credibility of Weiss Crypto Ratings and even the data used to make such a statement. The company tried to defend but the backlash was overwhelming. Instead, it resorted to explaining that:

“Tech advantage of XLM over XRP? XLM is structured in such a way that, once adopted, it creates a completely decentralized network. XRP, on the other hand, always needs a central coordinating party to reach a consensus. It’s the same model used by Libra.

Author

John Isige

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

More from John Isige
Share:

Editor's Picks

Ripple correction pauses, but recovery prospects remain limited

XRP hovers above the critical $1.00 support level but faces diminishing recovery potential. Binance XRP futures Open Interest falls to $189 million, the lowest level in three months.

Crypto Today: Bitcoin, Ethereum and XRP struggle to find footing amid spot ETF outflows

Cryptocurrency prices are broadly consolidating near key lower support levels on Wednesday, led by Bitcoin, hovering around $74,000. Ethereum sits above $2,000 while its upside remains structurally capped. Ripple, meanwhile, holds delicately above $1.00.

Bitcoin at risk of sharp moves as leverage builds in derivatives markets

Bitcoin remains in a capped tone, trading around $73,800 on Wednesday after slipping to a low of $72,727 following the previous day’s hot US inflation figures. Institutional demand continues to weaken, with BTC spot ETFs recording a $95 million outflow on Tuesday, marking the fourth straight day of withdrawals.

Chainlink holds at $10 as Moody’s Ratings completes CCIP testnet pilot

Chainlink edges higher on Wednesday, taking a breather after the previous day’s 3% decline. Moody’s Rating completes the testnet pilot on Chainlink’s CCIP to distribute credit assessment data across multiple blockchain networks simultaneously.

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss
Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.