Meanwhile, the crypto market is in mixed colors with an average percentage of change among top 20 coins in the last 24 hours ranging around 0.20-4.0%. The biggest gainers in the top 10 coins include Bitcoin Cash (BCH) with an increase of over 3.04%, Bitcoin (BTC) with 1.04% and Ethereum (ETH) with an increase of 0.23%.
XRP Low correlation with Bitcoin
Ripple’s price surge comes at the back of a report by Binance that XRP has a low correlation with the top-ranking digital coin Bitcoin (BTC). That’s unlike other major coins such as Ethereum (ETH), Bitcoin Cash and Tron (TRX) which moves in tandem with Bitcoin (BTC) prices.
When Bitcoin price started rallying in April from the $4K level to the $5K level, every coin rallied behind. During this period, however, the price of XRP was hovering around $30.
Following this recent XRP’s price behavior, researchers at Binance concluded that XRP could be the best diversifier among the top -ranking digital assets.
source: https://coindoo.com/xrp-enjoys-a-short-lived-rally-after-being-listed-on-nasdaq-global-price-index/
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