XRP Price Dips to $1.3 as Cryptocurrency Markets Take a Beating

XRP Price Dips to $1.3 as Cryptocurrency Markets Take a Beating: XRP Price Dips to $1.3 as Cryptocurrency Markets Take a Beating Most cryptocurrency enthusiasts may have noticed how all markets are in the red right now. We are not talking about small losses here either, as all currencies have lost double-digit percentages in value over the past 24 hours. One of the bigger “losers” in this regard is XRP, as the price has lost a whopping 28.76% in the past 24 hours. Moreover, the price has been on a steady decline for more than a week now, and things will not improve in the near future. XRP PRICE IS HEADING BACK TO $1 AT THIS RATE It is always unfortunate to see all cryptocurrency markets lose a ton of value in quick succession. Although it is difficult to pinpoint the exact reason for this massive sell-off right now, it seems China’s regulatory measures have caused a lot of backlash once again. That is always somewhat surprising, considering how China plays no role of importance in the world of cryptocurrency right now. Even so, their latest clampdown on cryptocurrency trading has sent all markets tumbling down once again. Right now, no markets are safe from harm whatsoever. In fact, even the XRP price is taking a legitimate beating right now, and things are not looking all that great right now. Thanks to the 28.76% loss overnight, the price is now hovering near $1.3 This is a very big difference from one week ago when that same XRP would be valued at $2.4. Even a few days ago, the price, made a strong comeback after dipping to $1.6, as the value surpassed $2.1 shortly after. It seems highly unlikely history will repeat itself in this regard. These XRP price losses are not necessarily surprising either. Over the past few weeks, we have seen a lot of negative pressure on the XRP market, and this drop would have occurred regardless of the current Bitcoin price woes. Whether or not we will see the XRP price return to $1.50 or higher this month, remains very difficult to predict. With the current onslaught plaguing all cryptocurrency markets, it is evident there is nothing to be excited about whatsoever. Even though XRP still has over $3.26bn in 24-hour trading volume, it seems the vast majority of orders are related to selling XRP more than anything else. No one can deny there is a genuine demand to sell XRP first and foremost, rather than buying it right now. As is the case with virtually every cryptocurrency drop in history, there will be plenty of people looking to buy the dip and make a lot of money in the future. That will entirely depend on whether or not the XRP price will rise again in the future, though. Most of the trading volume for XRP comes from the Korean cryptocurrency exchanges. More specifically, we see Bithumb, Upbit, and Coinone dominate the XRP trading volume right now, although none of their prices are effectively taken into account when it comes to the global average. Bitfinex is the first non-Korean exchange in this list right now, but their $207.25m in volume is not all that impressive when compared to what the Korean exchanges are doing right now. It is unclear what the future holds for the XRP price right now. With the current bearish sentiment affecting all cryptocurrency markets, it is evident things are not looking all that great whatsoever. In fact, it is not unlikely the XRP price will drop to $1 or potentially lower if this current trend keeps up. A lot of people are pulling money out of cryptocurrency at an alarming rate, but things will eventually return to normal. When that will happen exactly, has yet to be determined, though. For now, the best course of action is to hold and not panic.

27 years old man jailed 21 years for defiling 6-yr-old girl

A foodstuff seller, Chidi Ibiam, 27, was yesterday sentenced to 21 years imprisonment by an Ikeja High Court for defiling a six-year-old girl. They worship in the same church. The presiding judge, Justice Sedoten Ogunsanya, found the convict who lives at Baruwa, Ipaja area of Lagos, guilty of one-count charge of defilement. The judge held: “I have noted all the relevant facts of this case before me. The defendant is, hereby, found guilty of the crime of defilement and is sentenced to 21 years in prison.” During the trial, the prosecution, led by state counsel, Mr Adebayo Haroun, had told the court that Ibiam committed the offence on December 15, 2012, and was caught after the victim reported the assault to her mother. According to the prosecution, the convict is well known to the victim’s family as he was a neighbour and fellow church member. Testifying before the judge, the six-year-old girl (names withheld), had told the court that the defendant had unlawful carnal kno

How is the price of Bitcoin calculated?

How is Bitcoin calculated? I know a lot of people have this question on their mind. Well, here's a good explanation as provided by Luno.com Many people wonder how the price of Bitcoin is calculated, but it’s important to remember that it works no different than it would with other currencies or objects. Let’s first look at how the prices of most things are derived - we can use oranges as an example. What is the price of an orange? Well, it depends. As a starting point, one would derive the price of an orange based on two things: how much someone is trying to sell it for, and how much another person is trying to buy it for. If John wants to sell it for USD2.50 and Sarah is only prepared to pay USD2.00, there is no deal. But if they agree on a price that works for both, let’s say USD2.25, then the transaction will happen. If it’s winter there might be more people wanting to buy oranges, so the price will go up. Or if there is a drought the supply of oranges will become less,

Bethesda's E3 2015 kick off: Fallout 4 release date, Doom, Dishonored 2, and more

At first there was nothing. Empty space. The soft quiet of the void. Darkness. An idea, floating in a barren wasteland. And then, a lone voice—loud and getting steadily louder. " Faaaaaaallllllllllooooouuuutttttt ." Thusly did E3 2015 come into being. And let me extend a warm welcome. Sunday night, Bethesda held its first ever E3 press conference at the historic Dolby Theater in Los Angeles (the same venue as The Oscars). Thanks to rumors, leaks, and Bethesda's own marketing, we already knew almost every announcement ahead of time, but…damn. That Fallout 4 trailer. In case you were busy sleeping, eating, or otherwise going about life as a normal, well-adjusted human, here's what you missed. Bethesda wasted no time, kicking off with Doom (4) . And oh hey— Doom exists. Like, we actually saw a hefty amount of in-game footage, and then a big ol' Doom logo splashed onscreen and somewhere in the ether John Romero's hair probably tingled a bit.

Tell a Tale

Search This Blog