Crypto has flip-flopped back into the red. How far have Ripple (XRP), IOTA (MIOTA), and Bitcoin (BTC) dropped?
Ripple is currently selling for $0.502886, which puts the coin down 6.70% in the past 24 hours.
Ripple is working with BPG Group to release a new XRP gateway in May, called “eMetals.”
BPG Set to Launch a New Ripple Gateway Called ‘eMetals’ https://t.co/031jLogpCo
— BPG Group (@BPG_XAU) April 3, 2018
Use the #Ripple network to buy, spend and trade #Gold, #Silver, #Platinum, #Palladium and #Rhodium (XAU, XAG, XPT, XPD and XRH). For more information please visit eMetals platform https://t.co/e3dt62cmsw
— BPG Group (@BPG_XAU) March 6, 2018
The collaboration isn’t doing anything for Ripple’s price right now, but perhaps when the gateway launches, we’ll see evidence of movement reflected in XRP’s price.
Although eMetals isn’t pushing people towards XRP right now, this is just one of the moves Ripple is making that is setting the ground for growth in the future.
IOTA is currently selling for $0.993160, which puts the coin down 8.84% in the past 24 hours.
IOTA has crawled its way back into the top ten cryptocurrencies, currently ranked as the 10th largest crypto with a market cap of $2.8 billion.
After peaking at $1.12 in the past 24 hours, IOTA has dropped off, selling just below $1.00 and the coin may very well continue dropping. IOTA last dipped below $1.00 on April 1st and has since been hovering around the dollar mark, when over a month ago the coin was selling for nearly $2.00.
Bitcoin is currently selling for $6,895.74, which puts the coin down 7.54% in the past 24 hours.
Today also marks the day that BTC has dropped below $7,000. The last time this happened was at the beginning of February of this year.
Are “death cross” sentiments prevailing? Is Bitcoin due for a further price correction?
Let us know what you think in the comments below.
Featured image: Canva