XRP's seems to be garbage

- XRP is premined.
- Ripple holds 2% of the current minted xrp
- Ripple has full control over the remaining 50 billion xrp to be released which is approx 50% of total supply.
- It is a hyper centralized coin. It is basically highly dependent on Ripple's success.
- The XRP supply seems to be in the hands of a group of bag holders who have not seen an ATH since 2017!
- Without even talking about its usecase, it seems to have real competitors that have more efficient fundamentals.
- It seems to be riding some sell the news events that could blow up.

The XRP/BTC all time chart is a wild cliff:

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