Ripple builds on gains – up more than +14%, Thursday
Ripple continued to lead the crypto valuation comeback as XRP continued to drive higher (Ripple was up more than 15% yesterday) on hope its xRapid commercial product will come good sooner not later.
Ripple hasn’t hit its current $0.36 valuation since mid August. Some analysts think another valuation break-out could be near. But as with everything in the crypto space, the volatility will remain uncertain – and possibly extreme.
Got that ‘precursor’ feelin’?
Yesterday it was confirmed a division of PNC Financial Services Group Inc was close to using Ripple, specifically its xCurrent system, to process international payments, “a possible precursor to the use of blockchain in mainstream finance”.
Cardano is up more than 5%, supported by news that exchange Ubex would be listing ADA, helping usher Cardano into Mongolia (emerging markets are key growth areas for cryptos).
But judging crypto price rises in proportion to news relevance is a dark art, especially when there is an impatience for good news – lately in short supply.
Top 10 round-up
- Bitcoin +1.6% $6,423
- Ethereum +2.1% $211.67
- Ripple +14.4% $0.36
- Bitcoin Cash +2.4% $435.80
- EOS +5.3% $5.29
- Stellar +3.03% 0.21%
- Litecoin +3.4% $54.7
- Tether -0.05% $1
- Cardano +5.7% $0.07
- Monero +3.6% $112.25