Crypto News | Ripple price falls big time

Ripple is the hottest piece of news in our today’s report. According to the latest data, ripple price fell big time – on Sunday it went down by $7 billion in 24 hours, with its market capitalization dropping to $73 billion. Ripple used to be second on the list of biggest cryptocurrencies, but due to this fall it dropped down to third, with ethereum taking over its place. As for the prices, ripple’s price fell by more than 11 percent. It had a high of $3.84; a couple of days ago its price was at $2.12, and now it’s only $1.82. This fall might be a good buy sign – when a price is low you obviously shouldn’t sell an asset. Many experts agree that the fall of ripple’s price might be the consequence of confusion on the South Korean market. Cryptocurrency tracker ConMarketCap decided to remove data from South Korean exchanges from its calculations, so this also might be a part of the ripple’s problem. All in all, ripple price fell big time, but you don’t have to be desperate about it – we see this as a possibility to invest in this cryptocurrency while its price is low.

Besides that, we’d like to highlight one other interesting crypto feature you should definitely keep your eye on – CryptoKitties. CryptoKitties is an application built on the ethereum chain. Via CryptoKitties traders can buy and sell virtual cats for as much as $10,000. Each of the CryptoKitties has its own set of genes (Cattributes) – if the cat’s genes are appealing to other players, you can make more money. At the moment kitties make around 4 percent of all ethereum transactions worldwide and have made $1.3 million in sales. We have to mention, though, that this project is still in its early phase, so the prices can be quite volatile.


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Author: Max Rothstein

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