The bears and traders who are ruling the cryptocurrency market are experiencing a serious sell pressure. The top 20 currencies are going down and the bloodbath is real. The number one cryptocurrency Bitcoin, is struggling between $7,500 and $7,200. The analysts are afraid of the price of Bitcoin, that whether they will fall below $7,000 soon.
It is said that under this circumstance also, the traders should hold their Ripple. Ripple is trading at $0.60 and the market is bearish. Except the price action, Ripple had made progress in partnership and catching mainstream attention.
Banks and other financial institution has been attracted by Ripple and they started to look into it. Ripple is not just seizing the fame in the financial market but it had also gained popularity in the mainstream media. Moreover, Ripple has a lot going on behind the closed doors.
Partnership With Amazon Soon
There were a rumor spread that the Ripple XRP and the Amazon are going to be partners and the people believe that they will be making a partnership for something good. The Ripple already have been in a partnership with most of the major banks and the recent one was with about 61 harga dagcoin Japanese banks.
Japan is being known as the one of the biggest financial tech markets in the world, Ripple’s partnership withe the Japanese banks will be surely increased by the end of the year with the release of Money Tap app which is a mobile app that can make a time domestic payment in Japan .
Even the situations are verse, Ripple is the better coin than most of the other coins. If you have an XRP portfolio you can leave it there while you wanted an alternative Bitcoin you can buy Ripple. Ripple has proven that it going to stand the test of time in the long haul.
The market conditions are not in a good term but it will get better in time.
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