Is crypto recovering? Ripple (XRP), Lisk (LSK), and Litecoin (LTC) are all riding the wave right into the green. What’s going on with these coins today?
Ripple is currently selling for $0.540124, which puts the coin up 8.59% in the past 24 hours.
Part of Ripple’s growth may be due to Uphold, a cloud-based digital currency exchange and platform, announcing that it would be allowing XRP trading without charging a fee. This is to encourage new traders and investors on the platform and in Ripple, and it may be working. However, as this was announced several days ago, it may just as easily have nothing to do with Ripple’s current growth or could be some trickle-down effect.
According to The Independent Republic, Ripple will be participating in the Global Money Transfer Summit (GMTS) in Dubai later in the month. However, this is unlikely to be having much impact on the coin’s price right now, if ever.
>> Ripple is among the biggest price losers of the year so far, but which coin has lost the most?
Lisk is currently selling for $8.73, which puts the coin up 16.14% in the past 24 hours.
Lisk peaked at $9.26 today and has since trickled off. The coin could easily go up or down from here, so LSK may be one to watch to see what happens.
Lisk is currently ranked as the 22nd largest cryptocurrency, with a market cap of $903 million.
Although Lisk has been struggling as of late, this is a coin worth keeping an eye on. It seems like the kind of project that could become something huge in the future, which is why we included it in our list of long-term crypto holds.
>> Read here to find out why we think Lisk is a long-term hold
Litecoin is currently selling for $125.17, which puts the coin up 4.86% in the past 24 hours.
In a Reddit AMA session, CEO of Abra, Bill Barhydt, answered Litecoin supporters’ questions about why the global digital wallet app decided to choose Litecoin’s smart contracts network to work with. Barhydt claims that they chose Litecoin due to its commitment to Bitcoin compatibility and its scalability, among other reasons.
This may or may not be affecting Litecoin’s price right now, but the buzz around a coin is almost always a good thing to have. Litecoin seems to be doing alright for itself despite taking fairly significant losses during the past month.
>> The LitePay scandal: where is Litecoin now?
What are your favourite coins doing right now?
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