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Altcoins

BCH and XRP on a Surge Spree Ignoring the Market’s Rise and Fall

BCH and XRP have been one of the top performers in crypto world in the last week. Bitcoin Cash has seen humongous growth of +28.80% over the past week, surging from a price of $427 to $575. The graphs of these two currencies have been outstanding.

src: coinmarketcap

Similarly Ripple’s currency has also been a hot topic in crypto world for the past week. The currency has seen unrealistic growth over the period of 7 days. The currency grew from $0.37 to $0.53, and also saw a peak of $0.6535 during the week. The overall growth by the currency according to coin360 has been +35.66%. This dramatic surge in XRP has made it among the hot topics of crypto investors.

Ripple has shown massive growths in term of volume. The third greatest currency by volume has been challenging the volumes of Ethereum in the past few days and it was a subject under discussion that XRP might even be able to topple Ethereum’s monopoly in the altcoins. The volume of ETH as of press time is $22,389 million while that of XRP has been $21,370 million. While the currency keeps increasing in valuation, it can be predicted that the day is not far when XRP would easily take over ETH.

Ripple has also announced the campaign of ‘Ripple for good’ post surges in valuation. The question that’s poking investors relating to XRP now a days is simply that is it the right time to make investments as the currency is showing great signs of growth and has a positive momentum running? Regarding this, the crypto enthusiast, and investment expert Sam Ball told BlockPublisher that,

I’d wait until it’s gone back down or look for something which hasn’t pumped yet. People buying now will probably just end up as back. I could be wrong but I think it’s hard to argue recent events have made it 3x more valuable than it was a week ago

According to Sam Ball, the currency has seen the growth that it was destined to see and investing in it now wouldn’t be a smart move. Instead look for something that has potential of growth but hasn’t reached it’s true potential.

Shehryar Hasan

Performing artist, guitarist and sub-editor at BlockPublisher. Shehryar is an electrical engineer and blockchain enthusiast. He holds investments in bitcoin, ethereum, OST, TRX and Ripple. Email: shehryar@blockpublisher.com or contact the editor at editor.news@blockpublisher.com

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