Nairametrics
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Markets Cryptos

Investors stand by Ripple, XRP surges by 9%

Olumide Adesina by Olumide Adesina
March 18, 2021
in Cryptos, Markets
XRP, Ripple
Share on FacebookShare on TwitterShare on Linkedin

Investors are trooping into the crypto asset at record levels amid reports that reveal an ongoing legal tussle with the US SEC.

Just recently the powerful financial regulator stated that the flagship crypto and Ethereum were not securities due to their decentralized nature meaning it was safe for crypto exchanges to trade such unregulated financial assets.

However, Ripple was viewed in a different way on the bias that its development and distribution of XRP were conducted by Ripple in a centralized way.

At press time, the popular crypto traded at $0.476380 with a daily trading volume of $7 Billion. XRP is up 9.06% for the day.

READ: Most powerful financial leader takes side with CBN, says Bitcoin is untrustworthy

The crypto is currently valued at around $22 Billion.

It currently has a circulating supply of 45.4 billion XRP coins and a maximum supply of 100 billion XRP

The seventh most valuable crypto is presently traded on FTX, Binance, OKEx, Crypto.com, and HBTC.

These gains will surely calm the nerves of many XRP investors disturbed by the ongoing legal tussle between Ripple and a powerful financial regulator.

READ: How artificial intelligence is changing the narrative in forex and crypto trading

Ripple’s XRP is often tagged as the “remittance network” and currency exchange that independent servers authenticate. The currency traded is known as XRP and transfer times are super-fast.

Ripple (XRP) plays dual roles as a payment platform and a currency. The platform is an open-source platform that was created to allow quick and cheap transactions.

Related

Tags: BinanceFTXOKExRippleU.S SECXRP

Comments 1

  1. Ali says:
    March 18, 2021 at 1:57 pm

    So based on this, do you think the price will shoot up once the sec case is over?

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Access Bank
Bankers Committee
First bank


Flowmono

Bfpeer
Mega Millions
FCMB
Ikeja Electrics
Zenith CEX
Kwakol Markets




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Airbnb to close its domestic business in China
    • Court convicts former Reps member, Chuma Nzeribe of impersonation, forgery
    • NNPC, Sahara Group invests USD300m in gas carriers to drive clean energy access in Africa

    Follow us on social media:

    Recent News

    Airbnb, HotelTonight, Sheraton, Hospitality business

    Airbnb to close its domestic business in China

    May 23, 2022
    Court convicts former Reps member, Chuma Nzeribe of impersonation, forgery

    Court convicts former Reps member, Chuma Nzeribe of impersonation, forgery

    May 23, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Ranking & Reviews
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • General News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com