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 ;)
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 !
Ripple is not a cryptocurrency like the other.
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.
i wish you a good day and be carefull .