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With a decrease of more than 50.00% of Bitcoin Cash (BCH) in the last seven days, the other altcoins as well as the leader Bitcoin BTC [keeping in mind the market’s current sentiment] had to drop to at least a two-digit level.
XRP against the US dollar
According to Coinmarketcap data and its historical market performance, the second largest market capitalization coin remains above its annual low of 0.2441 US dollar against the US dollar.
By time of writing, the XRP / USD pair is down 11.00% in the last 24 hours or down 26.55% last week.
Read also:
Ripple is ready if the rumored partnership with Bank of America occurs
When the fork arrived on November 15th and the hash war broke out between BCHSV and BCHABC, Bitcoin was also heavily hit. Bitcoin is a market leader with a dominance of more than 50%, which means that its price reactions will not fail to affect the rest of the market. That's what happened. Bitcoin fell, and the rest of the market fell with it. But XRP seems to stay in a better position.
To begin – Ripple Labs, the blockchain technology giant in San Francisco, this year launched a process of differentiation from its XRP blockchain token. This comes from the confusion between the crypto-verse as in many titles, google searches, article, etc., passionate people speak of both in the same way as if they were identical. Although misinterpretation, confusion, or misunderstanding many times have benefited the token or society itself, it is certainly not positive to know that XRP and Ripple are not the same.
Bitcoin – Edward Snowden, whom Ben Wizner interviewed for McSweeney's magazine, described as the clearest and most patient technological exploder, added his thoughts on blockchain and crypto-currencies.
Imagine this instead of today's world, where data of public importance is often held exclusively by GenericCorp LLCwho can play and play with God at the expense of the public, it's in a thousand places with 100 jurisdictions. There is no withdrawal mechanism or another button "let's be evil", and create one requires a general consensus of at least 51% of the network, in general, in favor of changing the rule. "
Last prediction of the BTC – One of the influential leaders of China Bitcoin Billionaires shared his bullish view on the future of crypto.
"In the bull market, I do not convince people to buy Bitcoin because it seems easy to make money quickly, but it is not. Now, I'm starting to convince people to buy Bitcoin. Those who earn a lot of money do not have a speculative investment mentality in the very short term. Maybe the price of Bitcoin will continue to fall even lower, up to 50%. But it is always interesting to regularly purchase coins every time it reaches a new floor. You can see a return of 100 to 200% in 3 years. "
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