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The cryptocurrencies are booming this morning, just in time for the holidays! All but five digital currencies in the top 100 are traded in green. This is a nice change, since 2018 was a negative year for digital currencies. Today we will have a look at Ripple (XRP) and Bitcoin Cash (Bitcoin ABC).
Ripple (XRP)
Ripple's CEO, Brad Garlinghouse, sat down yesterday for an "Ask Me Anything" chat with the company's vice president of marketing. Monica Long asked Garlinghouse a series of questions about Ripple and XRP. Of course, he asked Mr. Garlinghouse if XRP was a security or not. The CEO of Ripple has been called on countless occasions, and every time he responds with a resounding, "No."
Garlinghouse explained:
"I think it's very clear that XRP is not a security.There are a lot of basic reasons for this.One of the most important beliefs is that if Ripple stops, the XRP will exchange on over a hundred trades around the world and XRP will continue to trade in. Ripple is an important participant in the XRP ecosystem but there are a lot of participants. "
So the difference between XRP and Ripple, which are often confused. However, XRP often increases when Ripple makes important announcements.
According to CoinMarketCap, XRP is trading at $ 0.372 per share, up + 11.99% in 24 hours.
>> Bitcoin earns 18%: the CEO of Quinone says 2019 will bring new historical highs
Bitcoin Cash (Bitcoin ABC)
Bitcoin ABC won the hash war and today dominates the cryptocurrency market. At the time of printing, Bitcoin Cash records the highest earnings among all the 70 best cryptocurrencies. Even the rival of the digital token, Bitcoin SV (BSV), sees gains, but not so high.
It remains unknown for how long the Bitcoin SV will last, but it seems that Bitcoin Cash (Bitcoin ABC) is here to stay.
At the time of writing, Bitcoin ABC or BCH traded at $ 142.92 per currency, up 42.99% in 24 hours.
What do you think about Ripple and Bitcoin Cash?
Featured image: Depositphotos / fergregory
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