Did the era of the Dogecoin, the most famous cryptocurrency, come to its end, or it is just a calm before the storm? Let’s find out!
XRP goes down below 0.34931
On Thursday, XRP dived bellow $0.34931. To be exact, by 19:06 GMT XRP ended up with 0.34931, inching down by 4,5% on the Investing.com Index. It happened to be the greatest one-day percentage dive since December 27.
Apparently, the move downwards pushed this crypto asset’s market capitalization down to about $14.76451B. It actually accounts for 11.71% of the overall crypto market capitalization. The digital coin’s market capitalization currently accounts for $79.53400B.
The digital currency XRP had fluctuated in a band $0.34931-$0.37742 for the last twenty-four hours.
For the last seven days, the crypto asset XRP has faced a sink in its market value, heading south by about 3.17%. As for the volume of XRP traded for the last twenty-four hours to time of writing, it amounted to $516.33219M which accounts for 3.41% of the overall volume of the entire crypto market. For the last week the given digital currency has fluctuated within an array $0.3463-$0.4527.
Moreover, it’s quite obvious that at its current value, this crypto asset is still down about 89.38% from its all-time maximum of $3.29 recorded on January 4.
Now let’s have a look at other crypto assets. As a rule, they’re under a powerful influence of the most popular cryptocurrency, Bitcoin.
As a matter of fact, ended up with $3,663.4 on the day on the Investing.com Index, losing 2.26%.
As for the number two digital currency, Ethereum , it was seen at $115.69 on the Investing.com Index, demonstrating a 8.88% dive.
Bitcoin's market capitalization amounted to nearly $66.11748B. The given result is quite enormous. It amounts to up to 52.43% of the entire cryptocurrency market capitalization. In addition to this, Ethereum's market capitalization was about $12.81418B. To put that another way, it amounted to 10.16% of the entire crypto market value.
The main digital coin erased all the gains done after Elon Musk's February announcement. What are we heading into?
Ethereum crossed $3000 recently and is aiming at $3500 already. Is it taking over Bitcoin's place?
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Every week we expect many interesting events that can shake the market.