Monday, May 23, 2022
News - BitSmart.US
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Blockchain
  • ICO
  • Crypto Mining
  • Ethereum
  • Altcoin
  • More
    • Dogecoin
    • DeFi
    • Litecoin
  • Videos
No Result
View All Result
News - BitSmart.US
No Result
View All Result
Home Cryptocurrency

XRP down by 40% despite pump attempt

by BitSmart.US
February 3, 2021
in Cryptocurrency
0
XRP down by 40% despite pump attempt
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


XRP’s price crashed by over 40% because the merchants’ pump try didn’t push it above $1

The XRP neighborhood launched into a coordinated assault to pump the cryptocurrency’s value greater. Nonetheless, the pump solely lasted for a couple of days, with XRP briefly reaching the $0.75 mark earlier than shedding momentum and crashing down.

The coordinated assault got here following an analogous transfer by Reddit members on the GameStop inventory, pushing the inventory to a brand new all-time excessive within the course of. A telegram group of over 200,000 members referred to as “Purchase & Maintain XRP” was created in direction of the top of final week to push the cryptocurrency to greater resistance ranges.

XRP surged by more than 115%  following the retail traders’ efforts, with the cryptocurrency erasing the losses recorded after the SEC lawsuit debacle. Nonetheless, the group misplaced momentum, and the cryptocurrency crashed by greater than 40%, at present buying and selling at $0.37 per coin.

After reaching a brand new yearly excessive, some merchants purchased XRP in anticipation of a value pump, pushing the value greater. Nonetheless, the merchants are actually on the fallacious aspect after XRP sustained large losses to return to its earlier value stage.

The Telegram group continues to be energetic, with some merchants there blaming trade downtimes for the value drop. XRP momentarily reclaimed its third place out there following the tried pump value by the neighborhood. Nonetheless, it has misplaced its third place to Tether (USDT), whereas Polkadot (DOT) is closing in on XRP’s market cap.

XRP has been the fallout cryptocurrency since america Securities and Change Fee (SEC) filed a lawsuit against Ripple and two of its executives for issuing and promoting an unregistered safety. The cryptocurrency has since struggled to achieve the $0.5 mark as a number of exchanges delisted it to avoid sanctions from regulatory businesses.

One other cryptocurrency that loved the current coordinated rally from traders is Dogecoin (DOGE). The cryptocurrency surged by more than 1000% to achieve a excessive of $0.0884 final week. Its rally briefly noticed it enter the highest ten record by way of market cap. Nonetheless, it has since misplaced steam, and it’s at present buying and selling at $0.03394 on the time of writing. Regardless of its decline, DOGE continues to be up by 310% over the previous seven days, making it one of many best-performing cryptocurrencies final month.



Source link

Related articles

Indonesia plans to charge 0.1% VAT, income tax on cryptocurrencies – Reuters – Seeking Alpha

Indonesia plans to charge 0.1% VAT, income tax on cryptocurrencies – Reuters – Seeking Alpha

April 1, 2022
Ethereum Founder Vitalik Buterin Praises ‘Bitcoin Maximalism’ (Maybe)

Ethereum Founder Vitalik Buterin Praises ‘Bitcoin Maximalism’ (Maybe)

April 1, 2022
Tags: attemptpumpXRP
Share76Tweet47

Related Posts

Indonesia plans to charge 0.1% VAT, income tax on cryptocurrencies – Reuters – Seeking Alpha

Indonesia plans to charge 0.1% VAT, income tax on cryptocurrencies – Reuters – Seeking Alpha

by BitSmart.US
April 1, 2022
0

Indonesia plans to charge 0.1% VAT, income tax on cryptocurrencies - Reuters  Searching for Alpha Source link

Ethereum Founder Vitalik Buterin Praises ‘Bitcoin Maximalism’ (Maybe)

Ethereum Founder Vitalik Buterin Praises ‘Bitcoin Maximalism’ (Maybe)

by BitSmart.US
April 1, 2022
0

And he appears completely honest concerning the meat of his argument. Amidst the massive range of blockchain concepts, he...

Cryptocurrency could help governments and businesses spy on us

Cryptocurrency could help governments and businesses spy on us

by BitSmart.US
April 1, 2022
0

It seems that the cryptocurrency doesn't, actually, assure anonymity. Customers’ digital identities can, with some effort, be linked to...

Cybercriminals steal $120 million from DeFi protocol Badger DAO

European Union lawmakers are tightening rules on cryptocurrency transfers

by BitSmart.US
April 1, 2022
0

European Union (EU) lawmakers are tightening guidelines on cryptocurrency switch, within the view of rising use of crypto-assets for...

dubai: Dubai-based Café accepts includes cryptocurrency as payment option

dubai: Dubai-based Café accepts includes cryptocurrency as payment option

by BitSmart.US
April 1, 2022
0

Dubai-based cafe Bake N Extra introduced just lately that it'll settle for cryptocurrency as funds for purchases. It has...

Load More
Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
How to SELL SAFEMOON (Very Easy) | The Guide to MASSIVE PROFIT in the Safe Moon Cryptocurrency

How to SELL SAFEMOON (Very Easy) | The Guide to MASSIVE PROFIT in the Safe Moon Cryptocurrency

March 18, 2021
Kesef Finance Cross-chain protocol making DeFi accessible to everyone

Kesef Finance Cross-chain protocol making DeFi accessible to everyone

April 23, 2021
Raishiz Indicator For All Crypto Coins | Try For Free | Setup Guide

Raishiz Indicator For All Crypto Coins | Try For Free | Setup Guide

March 7, 2021
Optimal settings guide for mining Ethereum ETH, RavenCoin RVN (and CFX), & Vertcoin VTC for RTX 3080

Optimal settings guide for mining Ethereum ETH, RavenCoin RVN (and CFX), & Vertcoin VTC for RTX 3080

February 22, 2021
Bitwise 10 Crypto Index Fund CIO explains why 2021 is year that ‘crypto crosses the chasm’

Bitwise 10 Crypto Index Fund CIO explains why 2021 is year that ‘crypto crosses the chasm’

1

Omniex Accelerates Path to Institutional Crypto Adoption with SOC 2 Certification

1
How the Average PC Gamer Can’t Afford to Build Their Own PC

How the Average PC Gamer Can’t Afford to Build Their Own PC

1
Reasons For The Ongoing Bitcoin Bull-Run Beyond $20K

Reasons For The Ongoing Bitcoin Bull-Run Beyond $20K

0
Dogecoin Dumping Gains From Elon Musk’s Twitter Buy, Down 9%

Dogecoin Dumping Gains From Elon Musk’s Twitter Buy, Down 9%

May 23, 2022
Today’s Shiba Inu to PKR rates on, May 2nd, 2022

Today’s Shiba Inu to PKR rates on, May 23, 2022.

May 23, 2022
Terra dominates Ethereum-killers as TVL skyrockets to $21 billion

Lure fools into crappy Altcoins for profit

May 23, 2022
Today’s Dogecoin Price in Pakistan on, May 2nd, 2022

Today’s Dogecoin Price in Pakistan on, May 23, 2022.

May 23, 2022

Recent News

Dogecoin Dumping Gains From Elon Musk’s Twitter Buy, Down 9%

Dogecoin Dumping Gains From Elon Musk’s Twitter Buy, Down 9%

May 23, 2022
Today’s Shiba Inu to PKR rates on, May 2nd, 2022

Today’s Shiba Inu to PKR rates on, May 23, 2022.

May 23, 2022
Terra dominates Ethereum-killers as TVL skyrockets to $21 billion

Lure fools into crappy Altcoins for profit

May 23, 2022

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Crypto Mining
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • ICO
  • Litecoin
  • Videos

Contact Us

  • Privacy & Policy
  • About Us
  • Contact Us

© 2022 BitSmart Digital Asset Management

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Blockchain
  • ICO
  • Crypto Mining
  • Ethereum
  • Altcoin
  • More
    • Dogecoin
    • DeFi
    • Litecoin
  • Videos

© 2022 BitSmart Digital Asset Management