Bitcoin
BTC$57 166.61

-2.12%

Ethereum
ETH$3 070.99

-2.25%

Tether
USDT$1.000049

0.01%

Binance Coin
BNB$520.64

-2.29%

Solana
SOL$135.42

-5.31%

USD Coin
USDC$0.999910

-0.01%

XRP drags down cryptocurrency market


May 2019

The main cryptocurrencies on Monday are slightly decreasing in price against the background of a number of negative news for XRP. In particular, the Central Bank of Singapore refused to use Ripple payment solutions, stating that they have no advantages over traditional banking systems.

Against the background of this message, the XRP rate at 9.00, according to Libertex, per day fell by 1.01% - to $ 0.298 with a capitalization of $ 12.6 billion. Ethereum by this time fell by 1.31% - up to 158.9 dollars with a capitalization of 17.1 billion dollars. An additional negative for this cryptocurrency was the news that 40% of the funds were withdrawn from the Ethereum wallet of the Bitfinex exchange for the week. At the same time, work on the code for moving Ethereum to Proof-of-Stake will be completed very soon.

Bitcoin began May with shock growth, updating its April highs on Friday (+ 11% over the week). But then Bitcoin fell in price by 1.03% - up to 5645 dollars, its capitalization amounted to 101.2 billion dollars. Despite the decline in the rate of Bitcoin, the market situation opens up good prospects for earnings on this cryptocurrency. As for the long-term outlook of Bitcoin, the Galaxy's cryptocurrency analyst has posted on Twitter an analysis whereby Bitcoin is on the verge of a new rally, which may end up near $ 330,000. If we assume that a comparable increase will take place during the future rally, it will lead the first cryptocurrency prices in the region of $ 330,000. If temporary factors are repeated in the new BTC growth cycle, then a mark of $ 330,000 will be reached at the end of 2021.

To such conclusions he was led by the analysis of cryptocurrency charts. Currently, Bitcoin draws similar patterns as in October 2015

Litecoin for the day fell by 4.58% - up to 72.1 dollars with a capitalization of 4.5 billion dollars. The total capitalization of the crypto market has reached $ 180.9 billion. However, digital assets have kept news from Facebook, which is developing a payment system on cryptocurrency, from a more significant drawdown. In addition, the new cryptocurrency will release Nike.

According to financial scouts, the decline in the crypto market will continue in the near future, but will be fairly moderate. Bitcoin can fall in price to 5600 dollars, Ethereum - up to 155 dollars, XRP - up to 0.29 dollars, and Litecoin - up to 71.5 dollars.


Related

Crypto Markets Fluctuate Amid Traditional Stock Optimism
Crypto Markets Fluctuate Amid Traditional Stock Optimism
XRP Price Prediction for 2025 and 2030: The Resurgence on the Back of Banking Crisis?
XRP Price Prediction for 2025 and 2030: The Resurgence on the Back of Banking Crisis?
Ripple (XRP): Struggling With the Same Resistance
Ripple (XRP): Struggling With the Same Resistance
Ripple (XRP) Remains Range-Bound Despite the Brief Rally
Ripple (XRP) Remains Range-Bound Despite the Brief Rally
Ripple (XRP): Predicted Fall After Double Top
Ripple (XRP): Predicted Fall After Double Top
Ripple (XRP): The Third Attempt at $0.3 Was Also Futile
Ripple (XRP): The Third Attempt at $0.3 Was Also Futile
Ripple (XRP) Is Close to Macro Resistance
Ripple (XRP) Is Close to Macro Resistance
Ripple (XRP): The Bears Remain in the Driving Seat
Ripple (XRP): The Bears Remain in the Driving Seat
Ripple (XRP) Got Pushed Down By Tether
Ripple (XRP) Got Pushed Down By Tether

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 70% 54 $57 166.61 -2.12% 4.10% $1 127 329 545 211 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 73.6% 44 $3 070.99 -2.25% 5.46% $369 167 217 266 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000049 0.01% 0.03% $112 374 361 210 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 76% 48 $520.64 -2.29% 9.38% $76 837 630 350 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 80% 32 $135.42 -5.31% 5.44% $62 826 709 699 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 93.2% 2 $0.999910 -0.01% -0.01% $33 964 017 448 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 76.4% 40 $0.470631 5.59% 14.50% $26 263 748 545 XRP 7 days price change
8 Toncoin (TON) TON Toncoin predictions 84.4% 23 $7.25 1.44% 7.18% $18 165 807 254 TON 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 72.4% 53 $0.105776 -3.30% 7.48% $15 346 341 692 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 82% 32 $0.400376 1.83% 17.74% $14 364 454 272 ADA 7 days price change
11 TRON (TRX) TRX TRON predictions 81.2% 33 $0.136132 1.37% 9.61% $11 861 759 189 TRX 7 days price change
12 Lido stETH (STETH) STETH Lido stETH predictions 96% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
13 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 96% 1 $0.116354 -0.46% 0.23% $10 171 995 609 WTRX 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 94% 2 $65 806.83 0.78% -2.68% $10 083 957 608 WBTC 7 days price change
15 Avalanche (AVAX) AVAX Avalanche predictions 71.2% 56 $25.01 -2.50% 5.21% $9 864 855 649 AVAX 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2024 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.