Ripple CTO Announces 11 Altcoins Invested!
Coinputin.com – Ripple’s chief technology officer (CTO) David Schwartz reveals more details about the altcoins he invested in. Ripple CTO David Schwartz, one of the original architects of XRP Ledger, says he has 1,000,000 XRP worth at least $ 555,000.
Ripple CTO invested in these 11 altcoins and lost $ 300,000
Ripple CTO David Schwartz does not want to reveal the exact number of XRP he has, but says the number is more than 1 million and less than 10 million. David Schwartz revealed many details about his crypto portfolio this year. Recently, Ripple’s CTO said it lost $ 300,000 by buying and selling altcoins that have suffered severe declines in value, including “TIX, DICE, FLASH, VEZT, AMP, SIG, BEE, KIND, PRYZE, KUDOS and NRN.”
Years ago David Schwartz announced that he sold 40,000 Ethereum at $ 1.00 per token, Bitcoin at $ 750 and XRP at $ 0.10. According to the famous manager, these sales were part of an effort to eliminate risk in his portfolio and prevent too many eggs in the crypto basket. David Schwartz says that when it comes to the available cryptocurrency assets, they aren’t as diverse as they used to be. At this point, most of David Schwartz’s investments in the crypto space are in four cryptocurrencies. David Schwartz said on the subject:
ALSO I HAVE SMALL AMOUNTS OF BAT AND ETH AND SOME OTHERS BESIDES XRP AND BTC.
What is the latest with the third biggest cryptocurrency Ripple?
Ripple, the third largest cryptocurrency, is trading at $ 0.60, up 10 percent at the time of writing. The popular altcoin currently has a market capitalization of $ 27.5 billion. Ripple manages a $ 16.9 billion last 24-hour trading volume at the time of writing.