Saturday, May 26, 2018
Regarding latest altcoin prices analysis, things are getting interesting. Currently, there is a rich news background, affecting the entire market of cryptocurrencies.
Ripple Xpring project has been launched for financial support to companies developing products and services for XRP, the world's third-largest cryptocurrency with a market capitalization of $29 billion as of May 15th.
There is always a lot of buzz going around XRP, and so is in this case. Until June 1st, ideas for the development of the XRP new logo are accepted, and this is an open initiative for all comers.
Analysts of the international social trading platform eToro published the results of a study of their user base. Among other things, they found out that the vast majority of crypto traders do not have previous trading experience on stock exchanges, and Ripple is the most "female" of the digital assets.
With the development of the cryptocurrency market, bitcoin may be pressured by altcoins in the same way that VHS videotapes supplanted Betamax in the 1980s.
A huge game changer appeared for one of the top 10 cryptocurrencies, as Ripple's XRP token and xRapid technology first pilot projects results were unveiled.
In recent days, the prices of bitcoin and many other cryptocurrencies have shown some decline. Currently, most digital currencies are in the "red zone". The current market capitalization is $423 billion, the dominance index of the first cryptocurrency is 36.8%.
One of the XRP investors, filed a collective lawsuit against Ripple, with the accuse of violating the federal securities law, as well as the laws of the state of California, when it launched a public sale of tokens.
Last week there were significant events for the flagship of the cryptocurrency market which positively affected the whole industry and the prices of altcoins.
Providers FairFX, Exchange4Free, RationalFX, UniPAY, and MoneyMatch will use the API solution xVia technology to make payments through RippleNet and expand into emerging markets.
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