Home / Ethereum / XRP, Ethereum [ETH] Escape the bear's grip with significant price increases

XRP, Ethereum [ETH] Escape the bear's grip with significant price increases

The cryptocurrency market seems to have received considerable savings with almost all the coins that saw the green through the spectrum after a hard week. Concerns over the last two weeks, which have seen many support stops and sharp drops in price, seem to have been put in the past, with the market recovering. Bitcoin [BTC], which caused the accident, seems to earn a healthy 7.78%.

At the time of writing this book, XRP had grown by $ 8.28, with a total market capitalization of $ 15.084 billion. The cryptocurrency was trading for $ 0.374 with a 24-hour market volume of $ 1.106 billion. The current XRP hold below the $ 0.4 margin has led many people to buy Chris Larsen's cryptocurrency.

Most of the commercial volume of XRP was held by Bitbank, with a reserve of 181.692 million dollars of all trade. Bitbank was closely followed by ZBG, with the exchange controlling 10.04% of all XRP trade.

The 24 hour chart of XRP | Source: CoinMarketCap

The 24 hour chart of the XRP | Source: CoinMarketCap

XRP has also been in the news recently when Cpple Johnson, Ripple's CMO, talked about the benefits of blockchain finance and how the current configuration can be greatly improved. He said:

"The World Bank stated that the average cost of remittances was historical or historical minimum for humanity at 6.94%, while the average business has a net profit margin of around 7%, but the cost of the transfer of Money across borders is about 7%, which means that the average business has no business to be global. "

Another cryptocurrency that has been bullish was Vitalik Buterin, co-founder of Ethereum [ETH], up 8.11%. The cryptocurrency had a total market capitalization of $ 11.909 billion and traded $ 115.15.

The majority of the trade volume of $ 2.355 billion of cryptocurrency was held by Coinbit, which had a grip of $ 336.518 million of all ETH trade. The next in line was Bitfinex, on which 4.12% of all Ethereum trade was in progress.

The 24 hour chart of Ethereum | Source: CoinMarketCap

The 24 hour chart of Ethereum | Source: CoinMarketCap

The fall of Ethereum was also emphasized by Nick Core, a trader, and statistician at Ecosystems LLC, who had said:

"It was a big sell-off last night and Ethereum will still have growth, but I do not think it will have the growth I had on the last race because there are fewer ICOs built on it. scenario now I'm looking for a 109-120 as our next potential potential again as we get closer I can adjust that goal but that's what I'm seeing right now. "

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