Reliving Ripple’s XRP Performance Over The Course Of 2018, Now The Second Biggest Coin In Crypto
The Ripple team has been actively informing investors on how far they’ve come in attaining their goal of making cross-border payments as frictionless as possible. This includes several of the execs discussing the different products available (i.e. xCurrent, xVia and xRapid), the numerous partnerships established and finally, how they differ from other payment related firms.
Unfortunately, the same cannot necessarily be said about its token prices. Interestingly, news outlet, AMB Crypto took the time to take a look back at XRP’s overall 2018 performance, from the moments of growth to continuous plummet.
Here’s what was shared by them:
In the beginning of 2018, the XRP token witnessed rise it prices, as did most tokens. As noted by AMB Crypto, XRP achieved a temporary milestone in which it surpassed Ethereum with a market cap of about USD$120 billion. This only lasted a week, and by January 11, the token saw its price drop by half of its value to USD$1.75, with a market cap slightly under USD$70 billion. Somehow, the token did manage to sit at approximately USD$2.10, but that did not last, as the price eventually dropped to USD$0.58 by the beginning of February.
It seems like for the most part, XRP did not budge that much until December 16, where its prices got slashed once again to USD$0.29 with a market cap of approximately USD$11 billion. AMB Crypto further noted that the trade volume mostly comes from ZB.com and Bitbank.
All this being said, it looks like the only thing that can be expected is for a better year for the cryptocurrencies. What are your thoughts on what’s to come? Are you hopeful that the market will revisit its craze from 2017? Let us know in the comments below.