A sea of green could be observed across the entire cryptocurrency market while earning more than $ 20 billion overnight. Ripple (XRP) is among the forerunners of today's rally, marking an increase of over 45% for the day.
Ripple to Lead the Parade
At the time of this writing, XRP 0 0 is the highest performing digital currency among the top 20, with an increase of 45% in the last 24 hours according to CoinMarketCap.
The weekly rankings also reveal that XRP is about 92% more than last week. The important breakthrough comes just days after Ripple announced plans to launch its xRapid payment network "within the next month."
As reported by Bitcoinist the head of regulatory relations of the company for the Asia-Pacific and the Middle East Sagar Sarbhai said:
We have been working on this product in the last two or three years and I am very confident that in the next […] month or so you will see some good news coming up We launch the product into production.
Bulls Back in Town?
The entire cryptocurrency market has seen a sea of green in the last 24 hours, earning more than $ 20 billion.
In the midst of a notable increase, Weiss Ratings emphasized that "XRP is one of the few coins that has received constant updates since we started evaluating cryptos." Furthermore, Weiss noted that Cardano (ADA) 0 0 also achieved significant gains.
#XRP (B-) is one of the few co ins that has received constant updates since we started evaluating cryptos. Another noteworthy mention is #Cardano (B-), which has always been a high-value currency, even though it has had a performance that is not ideal on the market. #ADA #BTC #crypto #bitcoin
– Weiss Ratings (@WeissRatings) 20 September 2018
In fact, ADA is active 16 percentage in the last 24 hours.
The first and major cryptocurrency in terms of market capitalization, Bitcoin (BTC) 0 0 has also taken off, marking an increase in 4.64% for the day. According to the famous investor Mike Novogratz, Bitcoin managed to establish itself as a store of value:
Bitcoin held $ 6,000. Yes, it is not at the height, but has established itself as a store of value. – He said. – I think the institutions are moving towards investments. It's shocking how it happened.
What do you think of the current market trend? Do the bulls come back to the city? Do not hesitate to let us know in the comments below!
Images courtesy of CoinMarketCap, Shutterstock