According to the latest ripple speculation, the London-based crypto exchange Luno will add support for Ripple’s XRP which is now the third-largest cryptocurrency by value behind bitcoin and ethereum. How big of an impact with this have over the ripple price, remains to be seen in the upcoming XRP news.
The addition of XRP to the Luno platform’s list of supported cryptocurrencies which only includes Ethereum, Bitcoin and Bitcoin cash, will come in the next two weeks according to the latest Ripple speculation that came from a well-placed source. Luno or previously known as Bitx decided to support Ripple’s xrp after running a long poll of the huge 3-million user base with XRP getting the most votes as per the leaked internal slides show.
Luno boasts an ‘’A’’ grade from both bitcoin and crypto comparison site CryptoCompare especially when it asked its users which coin they are most interested in to buy, excluding Ethereum and bitcoin from the possible choices. Ripple’s xrp came to the top with more than twice as many votes than Bitcoin cash which is a fork of bitcoin and the fourth-largest cryptocurrency by value which Luno added back in 2019. Litecoin and stellar also came in ahead of Bitcoin cash through a lot of the users who were interested in smaller cryptocurrencies.
The ripple price has struggled over the past 12 months and some of the XRP traders got really worried that the company behind XRP controls about 60% of the supply and is driving the price down by dumping tokens into the market. Ripple revealed it sold about million worth of XRP in the third quarter in 2019 which is 74% down from the high sales of 1 million in the previous quarter.
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The Ripple price was going through a lot last year when Bitcoin and crypto exchange Binance announced they will add Ripple’s XRP and the stablecoin tether as a trading pair.
The chief executive of Ripple Brad Garlinghouse said last year he expects that the company will grow its customer base by more than 40 percent and boasted the transaction volume on the Ripple network which is also expected to increase by more than 600 percent. The company has had a very hard year as the world’s largest banks decided to create their own digital tokens. Ripple’s XRP one of the oldest rivals of Bitcoin, endured a lot of the ups and downs on the market since it was released in 2012 and earned its fair share of the fans along the way.
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