XRP was given a massive boost after Bitbuy, a Canadian cryptocurrency platform, heeded to its growing user base and added the world’s third largest cryptocurrency to its platform.
Making the announcement, the exchange tweeted,
XRP is now live on Bitbuy! Buy, sell, deposit and withdraw #XRP today.
The exchange revealed that XRP can be now traded with Canadian dollars [CAD], with Bitcoin [BTC] arriving on the platform soon. In what is yet another cap in XRP’s adoption spree, Bitbuy is the fifth exchange to list XRP on its platform in this week alone. Bitbuy’s website read:
“Bitbuy is a Canadian owned and operated digital currency platform. Originally founded as InstaBT in 2013, the company’s mission is to provide convenient, dependable and secure access to Bitcoin and other digital currencies. Bitbuy currently operates out of downtown Toronto and is a wholly owned subsidiary of First Ledger Corporation.”
Bitbuy wasn’t the only exchange involved with XRP this week, as CoinField, another Canadian cryptocurrency exchange, revealed that XRP was going to be added as a base pair for 130+ trading pairs on its testnet.
The tweet by CoinField read,
“We’re glad to announce 130+ new coins have been successfully integrated to our #TESTNET and will be added to @CoinFieldEX eventually once our #legal evaluation and security review is done. We will offer these new coins in both fiat & #XRP based trading pairs. #cryptocurrency”
The XRP community received the new developments with applause, with many claiming that it will result in an increase in the coin’s prices and market volume. This, however, was not an opinion shared by some popular community members, who went on to state that xRapid will not ‘flip the switch’ on the price of XRP.
The conversation was started by Nayer Malik, a Twitter user, who tweeted,
“@galgitron @Hodor @jungleincxrp @C3_Nik …Guys what r ur thoughts on Bob Way’s view regarding X-Rapid usage not increasing the price in and of itself.”
To this, Galgitron, a crypto enthusiast, replied,
“Sure, there may be some massive FOMO buy-in once banks announce they are starting to use xRapid, and that will send the monkey [price action] hundreds of feet into the air, but, only speculation creates parabolics.”
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Basic Attention Token surges by over 6% as Ad Launch nears
The cryptocurrency market appears to be bleeding, however, few altcoins have reported small surges over the past few days, like Basic Attention Token [BAT].
The coin, on April 18 when the entire market was mostly red, surged by over 10% and was trading at $0.3618, its all-time high since July 2018. On April 20, BAT reported a growth of over 6% and was valued at $0.3947, breaking its immediate resistance.
BAT reported a market cap of $493 million and a 24-hour trading volume of $57 million. The coin noted a 6.47% rise in its price over the past day and reported a seven-day surge of 31.20%. BAT continued to register a growth of 1.18% over the past hour.
Crypto-enthusiasts speculate the reason for the surge in prices to be the launch of advertisements on the Brave Browser this month. The BAT token is essentially based on entertainment and can be obtained through a variety of advertising and attention-based services on its platform. According to Twitter user @CryptoNilla,
“They are about to launch ads this month hence the pump.”
BAT was highly traded on ZB.COM exchange as it noted a volume of $8 million via the BAT/USDT pair. The second place was taken by Binance, the largest cryptocurrency exchange as it reported a trading volume of $7 million via the BAT/BTC pair. IDCM was on the third place with $6 million in volume via the BTA/BTC pair.
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