Wednesday, May 29, 2024

XRP continues to rise in value, to investors’ delight.

The native digital asset of the XRP ledger, named XRP, which was developed by Ripple, was reportedly trading at $0.98402 on 12 August 2021 at around 6:44 am GMT. According to news sources, this resulted in a 10.24 percent increase in its trading value, which is the largest percentage increase XRP has seen in a day. As a result of this, the market capital of XRP was pushed to $45.54911B, or 2.43 percent of the total cryptocurrency market cap. The highest market cap that XRP has recorded is $83.44071B.

It is important to note that twenty-four hours before registering the increased trading value, the crypto had been trading in a range of $0.95310 to $1.04384. Much to the delight of the investors, XRP has been registering an upward trend in trading value for weeks by gaining almost 36.2 percent over 7 days. However, even with its current value, XRP is still far away from the record high of $3.29 it achieved on 4 January 2018.

As far as other cryptos are concerned, Bitcoin was down by 2.08 percent on the same day, registering a trading value of $45,131.6. Meanwhile, Ethereum also saw a downward trend, by trading at $3,119.96 at a loss of 2.42 percent. The market capital of Bitcoin was around 45 percent of the total crypto market cap at $846.52211B. Ethereum’s market value, on the other hand, was around 19.43 percent of the total crypto market cap at $364.76386B.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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