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The total cryptocurrency market cap rose 6.2% overnight, bringing in fresh investment from fiat currencies. That’s the good news.
However, Ripple prices barely jumped one percent over the same time period. Investors concentrated their interest on Bitcoin, which is why BTC prices advanced more than seven percent.
As I said before, this moment is bittersweet for XRP investors. On one hand, the XRP to USD exchange rate made positive gains and is within reach of $1.00.
However, Ripple prices barely jumped one percent over the same time period. Investors concentrated their interest on Bitcoin, which is why BTC prices advanced more than seven percent.
As I said before, this moment is bittersweet for XRP investors. On one hand, the XRP to USD exchange rate made positive gains and is within reach of $1.00.
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On the other hand, Ripple is slipping back toward obscurity. Just look at its trading volumes, which show that investors are swapping less than half a billion’s worth of XRP each day. This is far less than we saw during Ripple’s ascent in December and its descent in January.
In some ways, the disappearance of volume is more disturbing than January’s XRP price crash. (Nothing hurts quite like indifference.) If XRP is back receiving table scraps, our $10.00 Ripple price prediction could take longer than expected to come to fruition.
In some ways, the disappearance of volume is more disturbing than January’s XRP price crash. (Nothing hurts quite like indifference.) If XRP is back receiving table scraps, our $10.00 Ripple price prediction could take longer than expected to come to fruition.
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At the end of 2017, investors had started to respect the difference between Bitcoin and Ripple, NEM and DASH, Monero and IOTA. They had, in other words, learned that blockchains come in different varieties, and this led to a newfound appreciation for XRP.
XRP prices soared from $0.25 to $3.84 as a result.
It now seems as if we’ve slipped back to square one, that horrid place in which all blockchains are treated the same irrespective of their qualities.
XRP prices soared from $0.25 to $3.84 as a result.
It now seems as if we’ve slipped back to square one, that horrid place in which all blockchains are treated the same irrespective of their qualities.