After a good week on the crypto market, Ripple (XRP), EOS, and IOTA (MIOTA) are ending the week on a high. Here’s what’s happening with these coins.
Ripple is currently selling for $0.862494, which puts the coin up 16.12% in the past 24 hours.
XRP has grown by 26% in the past seven days and Ripple supporters are coming out in full force. There are chatters circulating the crypto sphere with hopes that XRP might finally be on its way back to $1.00 and beyond. What do you think? Will XRP hit the $1.00 mark soon?
At the beginning of April, Ripple was one of the biggest losers of 2018 to date, along with Cardano (ADA) and NEM (XEM). As of April 2nd, XRP had lost 79% of its price value since the start of 2018. Have this week’s gains been enough to pull Ripple out of the dumps? XRP is still selling lower than its price point from the start of the year (which was $2.30, according to CoinMarketCap), and at this point, it’s now lost 63% – so, not as bad, but still lots of room to recover.
Is Ripple finally on that road to recovery?
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EOS is currently selling for $11.05, which puts the coin up 18.19% in the past 24 hours.
EOS has once again overtaken Litecoin (LTC) as the 5th largest cryptocurrency, EOS’s market cap now being $8.9 billion (with Litecoin’s at $8.4 billion).
A lot of things have been happening to EOS lately, contributing to the coin’s impressive growth as of late – a month ago, EOS was selling below $7.00.
With the launch of EOS Dawn 3.0 came the introduction of inter-blockchain communication. This means that users don’t have to process an entire block when processing transactions. This helps with scalability, among other things.
EOS was listed on Zebpay, a crypto exchange available on both iOS and Android operating systems, bringing more users in touch with the token.
On April 17th, Worldwide Asset eXchange (WAX) announced that it was partnering with EOS to develop a peer-to-peer marketplace that uses blockchain technology. WAX plans to use EOS’s platform to implement many of its features.
Will EOS keep its place as the 5th largest cryptocurrency this time around? We’ll see!
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IOTA is currently selling for $1.94, which puts the coin up 11.42% in the past 24 hours.
IOTA today announced that it was partnering with InnoEnergy Scandinavia to advance “smart community solutions and business model innovation.” InnoEnergy is an energy producing company that focuses on sustainable energy.
In a similar vein, IOTA is also fueling electric vehicles. An electric vehicle charging station located in the Netherlands is using IOTA’s Tangle technology to allow for feeless machine-to-machine communication. At this station, electric vehicles can use Tangle to charge up their cars and make parking payments.
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With everybody making such strong developments, it just becomes harder and harder to choose your crypto! What crypto do you support?
Featured image: Myriams-Fotos via Pixabay