NEWS: After hitting a high in January of ($3.61), the currency has plummeted to just 91p ($1.28), but this could turn around when it joins cryptocurrency exchange BitOasis today.
In a statement, BitOasis said: “We’ve decided to introduce XRP trading to meet the increased demand from our customers to add to the list of major cryptocurrencies and digital assets offered on our platform.
After the statement was issued on Sunday, the price of the virtual currency spiked to a value of ($1.40) as we can see. The exchange is present in “UAE, Kuwait, Bahrain, Oman and Saudi Arabia” - the extra markets could mark a turning point for the cryptocurrency. Ripple is currently struggling to catch up to Bitcoin, Ethereum and Litecoin in terms of value.
i urge you to to keep one eye on it ;) If you like it dont hesitate to like ;)
More specifically, the XRP price hit $3.2 not that long ago. People assumed that owed be the start of bigger and better things, but that is not the case whatsoever. Instead, we have seen a slow and steady price drop ever since that time. With the XRP price dropping below $3, and then below $1.5, it quickly became evident reaching the all-time high again would not be all that easy.
Over the past 24 hours alone, we have seen the XRP price drop by another 31.04%. It is evident this is mainly due to Bitcoin losing over 15% in value overnight as well, but there is also a steady decline in the XRP/BTC ratio right now. To put that latter part into perspective, the XRP/BTC ratio declined by as much as 19.15% as well. When Bitcoin loses value in spectacular fashion, it is only normal all other cryptocurrencies will follow automatically. There is no way to prevent this type of momentum, unfortunately.
Dont forget XRP is not a really cryptocurrency !
oliviermo75
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Ripple was easily one of 2017’s standout cryptocurrencies. It started out the year trading at around $0.006 – six-tenths of one cent – and began a slow but steady climb until in Q2 it peaked at just under 40 cents per coin. From there XRP continued trading between $0.20 and $0.30 until December. During that month, Ripple rose from $0.245918 to a then-all-time high of $2.78 on December 30 – an increase of more than 1000%. The upward trend continued through the beginning of January, with prices reaching an all-time high of $3.75. Even with the recent decline in the cryptocurrency market, which saw XRP prices drop to $1.07 today, Ripple still remains one of the best performing digital assets to date.
Ripple is not a cryptocurrency like the other.
oliviermo75
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As all the time when a exchange platform of cryptocurrency has been hacked everyone sell his coins . Few days ago Coincheck ( asia ) has been hacked .
The Financial Services Agency (FSA) on Sunday ordered improvements to operations at Tokyo-based Coincheck, which on Friday suspended trading in all cryptocurrencies except bitcoin after hackers stole 58 billion yen ($534 million) of NEM coins, among the most popular digital currencies in the world.
Coincheck said on monday it would return about 90% with internal funds, though it has yet to figure out how or when.
The NEM coins were stored in a “hot wallet” instead of the more secure “cold wallet,” outside the internet, Coincheck said. It also does not use an extra layer of security known as a multi-signature system.
Decentralized Cold wallet means multi-signature system private key/public-key, One of the keys is held in your own home.
Over the past 24 hours alone, we have seen the XRP price drop by another 31.04%. It is evident this is mainly due to Bitcoin losing over 15% in value overnight as well, but there is also a steady decline in the XRP/BTC ratio right now. To put that latter part into perspective, the XRP/BTC ratio declined by as much as 19.15% as well. When Bitcoin loses value in spectacular fashion, it is only normal all other cryptocurrencies will follow automatically. There is no way to prevent this type of momentum, unfortunately.
Dont forget XRP is not a really cryptocurrency !