For the past one day of the top ten cryptocurrencies,only XRP has registered a positive percentage increase. At the same time, XRP has been able to show slight growth of 1.64%. This makes it an exception in the overall trend of the majority of the leading digital currencies. As for market leaders, Bitcoin (BTC) and Ethereum (ETH) lost while XRP’s ability to withstand a downturn suggests that it may be one of the strongest assets within the market. This trend is gaining interest of traders and investors as the majority of top cryptocurrencies have been at slight declines in the same period.
The cryptocurrency market saw a decrease across various tokens. Bitcoin, leading the pack, dropped by 0.14%, stabilizing at around $60,139. Ethereum also recorded a 0.40% decline, with its value at $2,417.36. Other major coins, such as Binance Coin (BNB) and Solana (SOL), followed this downward trend, losing 0.26% and 1.50%, respectively. However, XRP managed to rise, offering hope to those seeking positive movement in the otherwise red-dominated charts.
Other popular stablecoins like Tether (USDT) and USD Coin (USDC) remained stable and were valued approximately at $1.00. Whereas, USDT was slightly down by 0.01%, USDC held its position without making any fluctuations. The fluctuations in these stable coins show the behavior of these coins which is generally stable with little change in values. These coins are usually considered as safe-haven investments from which investors can shift when there are changes in the market .
Other cryptos have also been affected by the decline seen in the broader market as stated earlier. The prices of DOGE, TON, and TRX were down; DOGE and TON registered a 1.45% and 1.82% drop in their prices. Nonetheless, the 1.64% surge has put XRP in the central stage in today’s market performance considering that it is able to move up despite pressures from the rest of the market.
Read CRYPTONEWSLAND on#Bitcoin hits $60K while Anthony Scaramucci predicts it could hit 100k due to the Fed…
Singapore, Singapore, 18th September 2024, Chainwire
#Wormhole teams up with #Google Cloud to improve #cross-chain #security and uptime in the #Guardian…
#Maximize your #crypto investments with #Kaspa, Ripple, and Toncoin. #KAS #XRP #TON
#Lido #Finance dominates the #DeFi #space with $22.45B locked and $64M in fees, while Sky…
Learn why #XRP and Cardano whales are eyeing #PawFury for 50x growth. Discover this emerging…