Ripple and Ethereum reach low points, following the trend of the rest of the market
he watched the cryptic market, they saw the ruin that reached yesterday. Even though the day started at $ 219 billion yesterday, it now drops to $ 193 billion, which is a loss of $ 25 billion.
Ethereum, one of the most popular altcoin, suffered an 18% blow alone, based on the information available on CoinMarketCap. This is a decline that the industry has not seen for Ethereum since then last year. Ripple achieved the lowest price even the year lost $ 14.33%, giving a value of $ 0.26, which has not declined since December 2017. The XRP has one of the biggest falls, reduced by 92% from high or $ 3.37. Both Bitcoin Cash and EOS saw a decline of 16%, while the suffering of Cardan collapsed by 20%, which experts believe is the biggest decline of the first 10 tokens.
Unfortunately, these losses have not only been among the top 10. Even the top 100 have suffered many losses. Some of the token with the biggest losses in this category include Ark, ICON and Wanchain, which lost 30.5%, 29.05% and 27.97% respectively. Inflation Coin, number 886, is actually down 92%, corresponding to a handful of relatively unknown tokens.
Bitcoin, the typical cryptographic market leader, fell to $ 6,040, which has not seen since October 2017. However, it remains minimally affected by market fluctuations, although down 6.5% in just the last 24 hours . The least impressed overall was the # 66 in the rankings – Cryptonex – which was closely followed by Tether and TrueUSD.
The huge price drop of Ripple is probably the most surprising, considering how many innovations they have done lately and how many high profile people have talked about their support for the project. Their association with Madonna, Bill Clinton and others should be part of the thriving platform, but Bitcoin's dominance in the market seems to place a barrier between price increases and general progress. Essentially their advantage in the industry, Ripple's progress does not matter in terms of revenue. It is hoped that it will change over time, due to the entry of other investors into the market.