The third largest cryptocurrency by market capitalization closed at $0.396411 on June 30, representing 12.45 percent gains on the 2019 opening price of $0.352512 seen on Jan. 1, according to data source CoinMarketCap.
The seventh-largest cryptocurrency by market value, BNB is the exchange's native token used for various purposes including paying trading fees on Binance's platforms.
Its price rose from $6.19 on Jan. 1 and closed at $32.44 on June 30 to become the best performing top-10 cryptocurrency H1 2019.
Other top-10 cryptocurrencies - excluding stablecoin tether - also outperformed XRP by leaps and bounds in the first six months.
Bitcoin, the top cryptocurrency, jumped 188 percent and looks set to rise even further ahead of its own halving, scheduled for May 2020.
Further, the narrative is becoming entrenched in the markets that Facebook's fiat and government bond-backed Libra cryptocurrency is net-positive for bitcoin, an anti-establishment asset.
While the $7,000 rise in bitcoin boded well for most cryptocurrencies, it did little good for XRP. Its dull performance looks even more confounding if we take into account the bullish technical developments on XRP's chart.
The situation looked hopeful when XRP breached a contracting triangle pattern on the higher side on June 22.
The failed breakout invited more selling and the cryptocurrency fell to $0.37 earlier today, the lowest level since May 24.
Disclosure: The author holds no cryptocurrency at the time of writing.
XRP Was Worst Performing Top-10 Crypto in H1
gepubliceerd op Jul 5, 2019
by Coindesk | gepubliceerd op Coinage
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