RATE Group | Despite 70% Bitcoin Rally, XRP Price is Down 50% in 2019
72412
wp-singular,post-template-default,single,single-post,postid-72412,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Despite 70% Bitcoin Rally, XRP Price is Down 50% in 2019

17 Dec Despite 70% Bitcoin Rally, XRP Price is Down 50% in 2019

Posted at 23:45h in Bitcoin News by

[ad_1]

Despite the 50% decline that has been seen over the past six months, Bitcoin (BTC) remains up 70% since the start of 2019, beating a majority of other mainstream asset classes such as American equities. While the rest of the cryptocurrency market is known to follow the market leader, some altcoins remain down, negative, on the year.

The most notable of these underperforming altcoins is XRP, the third-largest cryptocurrency. The popular though controversial digital asset, according to Coin360 data shared by Bitcoin hedge fund manager Tuur Demeester, is down some 48% since January 1st, 2019, marking a strong underperformance against Bitcoin. The BTC/USD pair, understandably so, has also seen a strong drop.

It isn’t clear why exactly XRP has done so poorly in a year when assets across the world — from questionable low-cap stocks…

[ad_2]

Source link

Tags:
, , , , , ,