As Bitcoin’s price explodes, the whole crypto market seems to be on fire. Altcoins are racing as well and the star of today is definitely Ripple’s XRP.
The coin is up by more than 33%, and at the moment of writing this article, XRP is sitting on the 3rd position on CMC. The coin is priced at $0.415796.
This is the coin’s highest price since the past July.
Ripple’s XRP is a coin that’s favoured by payments institutions, who use it for real-time settlements and moving money across banks at low costs.
There are some bullish predictions about the price fo XRP these days. Ripple has been working hard to push the XRP mass adoption and to boost the whole XRP ecosystem as well.
A popular XRP analyst and trader said that XRP might finally be entering a long-awaited bull cycle.
The analyst goes by the name Magic.
— MAGIC (@MagicPoopCannon) November 17, 2020
Cardano’s ADA is also racing
Cardano’s ADA is also up by more than 15% in the past 24 hours, and now the coin is priced at $0.126613.
In other recent news, it’s been revealed that there are new threads online popping up highlighting that Etehreum holders and hopping into the Cardano wagon.
Check out what the Team Plutus Twitter account posted not too long ago:
We welcome all Eth hodlers with open arms at Cardano.
— Team Plutus – #Cardano Stake Pool (@PlutusPool) November 13, 2020
Here a tweet from a Cardano community member.
Good observation. So the options are:
1. Transfer + lock ETH for two years and maybe get some returns IF ETH2.0 comes online.
2. Hold ETH while the sheep are hearded into ETH2.0–>reduced supply—>price increase—>sell and move to #Cardano.
No wonder a tiny fraction is staked.
— Umed Saidov, CFA 🇺🇸 (@RealSaidov) November 15, 2020