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Interest In Ripple’s XRP Has “Died Off” While Bitcoin And Ethereum Shine, Says New Research At the beginning of this year, the XRP community had high hopes for the performance of the digital asset. As altcoins rallied, Ripple, the firm behind XRP, experienced a slew of bullish developments that further fuelled the hopes. Unfortunately, this did not create a tide strong enough to lift XRP from the doldrums. New research from Arcane Research suggests interest in XRP cryptocurrency has waned while bitcoin (BTC) and ethereum (ETH) flourish. Interest In XRP Has Dwindled As It Struggles To Recover Since The March Market-Wide Correction An analysis of the performance of the top three cryptocurrencies by Arcane during the first half of 2020 reveals that XRP’s price looks pale since the mid-March market mayhem. BTC and ETH, on the other hand, have posted strong recoveries since then. “Initially, 2020 started out strong for the top 3 coins, but as the markets crashed in March, the three musketeers have seen vastly different growth trajectories. ETH (+75% YTD) and BTC (+27% YTD) have recovered from the Covid-19 crash, while XRP disappoints (-9% YTD).” The research firm also noted that XRP’s performance in Q2 was rather flat as it registered only a 1% gain after losing up to 14% of its already anemic market cap in June alone, while BTC and ETH posted 44% and 70% gains respectively in that quarter. Arcane cites DeFi and ETH 2.0 anticipation as the key drivers of the price of ethereum. For XRP, interest in the fourth-ranked crypto has “died off” as it struggles to recover from the Black Thursday correction, Arcane stated. Moving Forward With XRP Some crypto analysts are worried about XRP sliding further in the near future before reaching a bottom. Crypto aficionado Luke Martin recently postulated that XRP has been plummeting the whole of 2020. The last few months have been pretty wild for large groups of altcoins with a rise in interest, narratives, and volume.One altcoin that usually gives atleast 1 pump during a time like that is $XRP.But not this year...it's been dropping all of 2020.Where's the bottom? pic.twitter.com/RqUlY8iDxc— Luke Martin (@VentureCoinist) July 2, 2020 In response to the question of where the bottom is for XRP, fellow analyst CryptoDonAlt quipped “at 1500 sats”. According to Luke Martin, this worked pretty well in 2017 and this trend could play out the same again – meaning XRP could drop to the said level before a big pump. Others like analyst Nicholas Merten believe there is still hope for XRP in the near-term. As previously reported by ZyCrypto, Merten noted that XRP has been in a descending wedge for more than one year and is likely to be stuck there for a month at the most before breaking out in a massive rally. In the meantime, XRP is valued at $0.186760, with 5.97 percent gains in the last 24 hours.

Interest In Ripple’s XRP Has “Died Off” While Bitcoin And Ethereum...

Brenda Ngari - July 6, 2020

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Brenda Ngari - July 4, 2020

"I’m Not Building Anything On Ethereum", Says Tesla CEO Elon Musk

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Erie Maxwell - July 2, 2020

Tether Poised to Overtake Ethereum As USDT's Market Capitalization Surpasses $10 Billion

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Are ETH’s Scalability Issues Finally Over? Buterin Says Ethereum’s Layer 2 Scaling Strategy Has ‘Basically Succeeded’

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Erie Maxwell - July 1, 2020

Ethereum Posts Impressive Performance as DeFi and Stablecoins Continue to Grow

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Ponvang Bulus - June 30, 2020

Ethereum 2.0 game-changer, testnet nears 20,000 validators within two days

Crypto researcher: Ethereum likely to be dethroned by a highly scalable...

Adrian Klent - June 29, 2020

DeFi Tokens Are Pumping Strongly, Why Isn’t Ethereum?

DeFi Tokens Are Pumping Strongly, Why Isn’t Ethereum?

Erie Maxwell - June 25, 2020

Number Of Ethereum Addresses Holding Over 100 ETH Hits New All-Time High

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Christopher Haruna Hamman - June 24, 2020

BitMEX Debuts Ethereum Quanto Futures With Fixed Bitcoin (BTC) Multiplier

Venture capitalist: Bitcoin and Ethereum could become more reliable macro-indicators than...

Erie Maxwell - June 20, 2020

Are ETH’s Scalability Issues Finally Over? Buterin Says Ethereum’s Layer 2 Scaling Strategy Has ‘Basically Succeeded’

Why This Respected Fund Manager Sees DeFi Thrusting Ethereum 4000% Higher...

Brenda Ngari - June 20, 2020

As Ethereum Miners Vote to Increase Block Gas Limit, Here Are Its Pros and Cons

As Ethereum Miners Vote to Increase Block Gas Limit, Here Are...

Nick James - June 20, 2020

Reddit introduces over 20 million users to its new tokens on the Ethereum Blockchain

Reddit Hopes to Eventually Onboard Its Over 430 Million Monthly Users...

Olivia Brooke - June 19, 2020

Chris Burniske appeals to Twitter's Jack Dorsey for an Ethereum Emoji, Says it can provide as much utility as Bitcoin does

Chris Burniske appeals to Twitter’s Jack Dorsey for an Ethereum Emoji,...

Adrian Klent - June 19, 2020

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