The crypto price-rally looks to be continuing today. Ripple (XRP), EOS, and Cardano (ADA) are among the tokens continuing to grow – but is anything, in particular, happening to these coins? Let’s dig in to find out.
Ripple is currently selling for $0.668039, which puts the coin up 19.80% in the past 24 hours.
The main push that may be causing this Ripple price rally is that the Spanish banking giant Banco Santander recently launched One Pay FX. One Pay FX is an international payments app that uses Ripple’s blockchain technology, specifically on the company’s xCurrent product.
However, xCurrent has nothing to do with Ripple’s XRP. So either people are mistakenly believing that anything Ripple-related in the news will impact XRP, or, they’re hoping it will.
In either case, Ripple is up for the day. Will it continue to grow?
EOS is currently selling for $8.99, which puts the coin up 2.71% in the past 24 hours.
EOS managed to reach as high as $9.27 today, but the coin looks to be dropping off a bit. As well, yesterday EOS bumped Litecoin (LTC) in the rankings, getting listed on CoinMarketCap as the 5th largest cryptocurrency. Today, however, EOS has moved back down into spot number six. EOS’s current market cap is $7.1 billion (while Litecoin’s is $7.3 billion).
In the past seven days, EOS has grown by 54%. EOS has, for the most part, been going strong with the release of the EOSIO Dawn 3.0. Now, EOS fans are eagerly awaiting the release of EOSIO 1.0, also known as the main net launch of EOS, which is coming in June.
Much of EOS’ recent growth can likely be attributed the to eosDAC airdrop on April 15th, in which 75% of eosDAC tokens will be given to EOS token holders.
Cardano is currently selling for $0.211837, which puts the coin up 11.19% in the past 24 hours.
The basis of Cardano’s development comes down to scientific research. It’s about standardization, transparency, and improvement. Recently, the Cardano Foundation has enlisted the help of a third-party firm called FP Complete so that the Foundation can act as final auditor for work done by IOHK, which is the Cardano development team.
This initiation probably isn’t directly affecting Cardano (ADA)’s price right now, but it will help to push the project along with its goals. Cardano is preparing itself for a better future with a streamlined, efficient system.
What do you think about Cardano’s developments so far?
Do you think this crypto price rally will continue?
Featured image: gerhardt12 via Pixabay