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Flash Hike: XRP crosses $0.34 resistance; Ethereum [ETH] registers 3% growth over the hour

Namrata Shukla

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Flash hike: XRP pumps by over 2%, while Ethereum [ETH] leaves most major coins behind with growth of over 3%
Source: Pixabay

The cryptocurrency marker that was laying low, has suddenly spiked, with most major coin noting a growth of over 2% in the past hour. This included the second-largest coin, XRP, and the third-largest coin, Ethereum [ETH].

XRP

Source: Trading view

Source: Trading view

At the time or press, XRP was valued at $0.3423, with a market cap of $13.6 billion. The coin spiked suddenly, noting a growth of 2.01% over the past hour, with a trading volume of $420 million. The coin recorded a 24-hour growth of 1.36% while marking a dip of 0.06% in the past seven days.

ZB.COm noted the maximum trading volume of $54 million with the XRP/BTC pair. The exchange was followed by ZBG, with a volume of $27 million with the XRP/USDT pair. The third place was taken by UPbit, which recorded a trading volume of $14 million with the XRP/KRW pair.

Ethereum

Source: Trading view

Source: Trading view

Ethereum’s price at the time of press was noted to be $125.63, with a market cap of $13.1 billion. The coin has surged by 3.38% in the past hour and recorded a 24-hour trading volume of $2.4 billion. The coin registered a 24-hour growth of 2.16% while recovering from a 1.45% dip over the past week.

The coin was highly traded on LBank with the ZEC/ETH pair and registered a volume of $284 million. The second in line was LBank again, which noted a volume of $98 million with the EOS/ETH pair, followed by DOBI Exchange, as it recorded a volume of $93 million with the ETH/BTC pair.

Since Bitcoin is coupled with almost all the major coins, the pump in BTC could be the reason for this sudden growth amongst other major coins.





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Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.

XRP

XRP TipBot comes back online after a tiny downtime; Nothing to be worried about, says Wietse Wind

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XRP TipBot goes online after a tiny downtime
Source: Unsplash

XRP TipBot’s website and the corresponding application suffered a downtime on June 23, 2019 for a few hours, during which the application wasn’t showing the balance of users. The website and the API for TipBot instead, displayed a “500 Internal Error.”

A Twitter user, @BlueNETGaming, tweeted Wietse Wind, inquiring the same. Wind confirmed that it was just an “infrastructure blip,” and that there was nothing to be worried about.

Wind tweeted,

XRP TipBot is probably the first and most widely accepted use-case of XRP. It leverages the transaction settling time of XRP Ledger to make tipping easy among peers on Twitter, Reddit, and other platforms, and this was the brainchild of developer Wietse Wind.

After TipBot, a lot of other cryptocurrencies have tried to mimic this idea of facilitating tipping; an example being Bitcoin’s, Tippin.Me which leveraged Lightning Network for tipping users. Although successful, it isn’t as popular as Wind’s TipBot.

The reason behind the same is that XRP Ledger allows transaction settlement in under 5 seconds, which makes tipping fast and efficient, unlike Bitcoin’s transactions which take a few minutes for transactions to be confirmed.

This is same reason why XRP is being used as a liquidity provider for cross-border payments in Ripple’s proprietary product, xRapid.

XRP community is a tightly-knit community with people who are very bullish about XRP’s success. There are equally talented developers in the community who are developing apps that help create more use-cases for XRP.

SchlaubiDev is one such developer known for developing plugins for Gmail and Microsoft Office, plugins that allow a user to send XRP over e-mails.

Ripple has identified Wind and his team’s talent and inducted them into Xpring, which finances them to help develop more community-based apps for increasing XRP use-cases.





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