Are Ripple (XRP), Litecoin (LTC), and TRON (TRX) floating or sinking today? Let’s take a look at what’s happening.
Ripple (XRP) is currently selling for $0.887528, which puts the coin up 1.21% in the past 24 hours.
Ripple is one of the few coins up today, although the growth may not last long. Earlier in the day, XRP nearly reached $1.00, growing as high as $0.92. This jump in price likely came as a result of the new Binance trading pair of XRP and USDT (Tether).
— Binance (@binance) May 4, 2018
The people replied with their enthusiasm:
— The Cryp-Toe Man (@Royal_Gentlemen) May 4, 2018
However, others were concerned that insider trading might have been at play:
@cz_binance Are you guys involved in insider trading ? Look at the screenshot. XRP was heavily pumped right before this announcement. Same thing happened for yesterday’s Nano announcement.
——-#bitcoin #nano #xrp #ripple #crypto pic.twitter.com/DgnBf0M6rF
— Korean Crypto Queen (@koreansatoshi1) May 4, 2018
What do you think? Was there foul play afoot?
Litecoin (LTC) is currently selling for $159.18, which puts the coin down 1.38% in the past 24 hours.
Litecoin was up earlier in the day, with LTC reaching as high as $164.81, but the coin has been dropping fast.
There is some good news though. Reddit announced yesterday that it would once again be accepting cryptocurrency as a means of payment. One of the cryptos that Reddit is now going to be accepting is Litecoin. Reddit will also be expanding to Ethereum (ETH). Previously, before Reddit stopped accepting crypto, Bitcoin (BTC) was the only crypto you could pay with on the platform.
There’s no date yet for when this will happen, but we may get an update by the end of the month.
TRON (TRX) is currently selling for $0.082525, which puts the coin down 5.88% in the past 24 hours.
TRX’s price has been steadily declining today. The TRON market cap is also bouncing all over the place. TRON dropped down to the 11th largest crypto and now it’s bounced back into 10th. However, with its market cap so close to that of NEO’s (currently 11th), the two cryptos could easily swap places again soon.
Do you think TRON is floating or sinking from here?
Featured image: Free-Photos via Pixabay