Crypto News | The rise of ripple

Today’s news report we’ll begin with one cryptocurrency that isn’t that popular as bitcoin or litecoin, but it’s also one of the emerging cryptocurrencies that you should keep your eye on – ripple. During the last week, ripple experienced a big spike in trading volume, and consequently its price has also been rising. For example, on Dec. 15 ripple was traded twice as much as ethereum, and that fact alone tells us a lot about the investors’ interest. According to experts, the rise of ripple has to do with the cryptocurrency exchange market in South Korea – analysts agree that this marked pushed the price of ripple last week. They say that ripple climbed by 71% in a single day because Japanese and South Korean banks wanted to test how it will handle massive payment solutions. As you probably know, South Korean exchange market is one of the most dynamic in the entire world so you should always keep your eye on the situation in South Korea. The rise of ripple is just one of many things that happened and if you want to invest in ripple, now might be the time!

As for the price of bitcoin, we bring you some interesting news on that, as well. On Sunday afternoon, the price of bitcoin was $19,850, but in a matter of hours it slipped by around $1,300. Today it’s value is $18,616. Since it has a massive volatility, experts say that its price might continue to fluctuate. However, more and more people are still looking to invest in bitcoin, so it still might be good time to react. If you trade well, you can earn some serious money so we definitely advise you to try your luck!

The last new we bring you today has to do with Facebook. German cartel office has found that Facebook has been abusing its dominant market position – it has been monetizing the personal data of its clients through targeted advertising. The market effects of this fact are yet to be seen, but things should definitely experience some change. That’s it from us for today, happy trading and we’ll see you tomorrow.

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Author: Max Rothstein

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