A few weeks ago, a digital currency enthusiast on Twitter stated that the bearish trend is over as the same -85 percent decline of 266 days happened in 2014. Similarly, Michael Novogratz tweeted his thought that BTC has bottomed reaching the $6,200 mark which indicates the mark when the big hoist started last year.
With the most recent performance of the digital currency, it’s safer to say now than earlier that the bull run could have taken over as double-figure gains on a daily basis are taking over the top 10 digital currencies that lead by market cap.
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XRP (XRP) Price Today – XRP / USD
Two digital currencies that are standing out in this battle of being the best are XRP (XRP) and Stellar Lumens. The speedy digital currencies with the speedy price increase. At the time of writing, XRP (XRP) is trading at the 60 cents level against the U.S dollar with an increase of more than 40 percent over the past twenty-four hours. Stellar Lumens, however, is trading at $0.2515 after an increase of 19 percent over the past seven days. The last time XRP tested and traded over the 52 cents level was in June when the rigorous selloff started.
Furthermore, the recommendation of Weiss Ratings to look out for Cardano (ADA) and XRP (XRP) in the near future for a 10x increase was spot-on when the agency predicted on its official Twitter handle. According to the prediction of the firm on Twitter, “Bitcoin (BTC) will lose 50 percent of its market share to Ethereum (ETH) in the next five years because Ethereum (ETH) has more use cases and it is backed with superior blockchain.”
XRP is currently on a fast moving train with no signs of slowing down. The digital currency is only $2 billion behind Ethereum (ETH) in market cap. XRP overtook Ethereum (ETH) a couple of times yesterday, and it is still likely to do so if it keeps up its trend.