Even NBA Legends Are Pro-Crypto

It seems that even NBA legends are pro-crypto. In an X post, the six-time champion Scottie Pippen has mentioned a range of cryptocurrencies

Scottie Pippen, the six-time NBA champion, is the latest legend to go pro-crypto. In an X post, Pippen mentioned several cryptocurrencies that he’s interested in.

"It seems they are hyping up altcoin season. I’m interested in $ETH, $XRP, $SOL, $ADA, $DOGE, SHIB, and $BALL. What altcoins are y'all keeping an eye on?" asked Pippen.

The altcoins that Pippen highlighted have indeed shown significant gains. For instance, ETH experienced a substantial boost of around 40% over the last 7 days. SHIB and DOGE also displayed remarkable performance increases of 32% and 42%, respectively. Furthermore, XRP, SOL, and ADA are performing rather well, averaging approximately a 20% rise in the same time period.

Scottie Pippen also used this opportunity to bring up his own token, part of the Game5Ball initiative. The idea is to tokenize the basketball from Game 5 of the 1991 NBA Finals, which was a major moment when the Bulls secured their first championship. By leveraging blockchain technology, the project seeks to transform this iconic sports artifact into a digital asset, allowing fans to own a piece of basketball history. The token is built on the Ethereum network.

Considering Pippen isn’t a stranger to controversies, it probably isn’t a surprise that the token itself also faced some scrutiny.

Mainly, shortly after its launch, the $BALL token’s value plummeted by approximately 96%.

Reports indicated that over 100 ETH (around $330,000) was withdrawn from the project’s wallet, leading to allegations of a rug pull.

Further investigations revealed connections between the project’s deployer wallet and previous questionable ventures, raising concerns about its credibility.

Still, Pippen’s summoning of altcoin season could have some merit at least. Many do believe it’s coming, and the constant speculation of approval of spot ETFs for altcoins like Solana and XRP only helps fuel the hype.

Additionally, with the tariff war easing down and the US successfully finishing agreements with the likes of China and the UK, the crypto industry as a whole is profiting from it, with a lot of cryptocurrencies rising.

News data source: kdj.com

The above is the detailed content of Even NBA Legends Are Pro-Crypto. For more information, please follow other related articles on the PHP Chinese website!