Ripple, Cardano Mega Association in process? The community speculates

TL;DR

Recent interactions between Cardano’s Charles Hoskinson and Ripple’s Brad Garlinghouse have sparked speculation about a possible collaboration between the two entities. Despite the rumors, ADA and XRP have seen price drops today (November 13). Potential alliance or just rumours?

Cardano founder Charles Hoskinson revealed to X that he had a conversation with Ripple CEO Brad Garlinghouse. The former described the latter as “a great CEO,” adding that he is “extremely collaborative.”

“I’m excited to see how the future unfolds,” he concluded.

Shortly after, Garlinghouse thanked Hoskinson for his kind words, stating that “now is the time for the crypto community to come together, push for a level playing field and clear rules of the road.”

His post sparked speculation that Ripple and Cardano could soon form a strategic alliance. Numerous X users praised this potential partnership, stating that both entities will be stronger if they come together.

It’s worth mentioning that Hoskinson has been feuding with the XRP army for the past few years. Two years ago, he criticized the Ripple community for being “toxic and mean”. He also stated that he would no longer discuss the company or matters related to XRP.

Earlier this month, however, he apologized to the community. He even envisioned a possible collaboration between the Cardano and Ripple ecosystems:

“I would love to find ways to build bridges and work with them just like we are building bridges with the Bitcoin ecosystem. There are many areas of potential collaboration that I could see – from Midnight interoperability with Ripple to maybe , participate in this stablecoin that the Ripple ecosystem has been creating.”

How are ADA and XRP doing?

Despite rumors of an upcoming partnership, native Cardano and Ripple tokens followed the global market correction today (November 13).

ADA is among the worst performers, with its price dropping 17% daily. It is currently trading around $0.53, which is actually up 50% on a weekly basis. Recall that the asset posted impressive gains several days ago after Hoskinson revealed intentions to work with US policymakers next year on a comprehensive crypto regulatory framework.

This could also be a potential collaborative topic between Hoskinson and Garlinghouse. After the former’s official announcement about working on US crypto policy, rumors began to circulate that Ripple’s chief executive will also be involved. However, there is no official confirmation from Garlinghouse yet.

ADA price, Source: CoinGecko

On the other hand, Ripple’s XRP has recorded a 2% decrease in the last 24 hours, performing much better than many of its rivals during the mentioned period. At the time of writing, the valuation stands at $0.66, representing a 25% increase in the last seven days.

XRP Price, Source: CoinGecko SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

2024 LIMITED OFFER on BYDFi Exchange – Up to $2888 Welcome Reward, Use this link to register and open a 100 USDT-M position for free!