Is Sologenic Driving XRP Price High Amid Tumbling Crypto Market? latest News

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Prices of XRP, Ripple’s native token, are riding higher, while other major cryptocurrencies are trading under heavy selling pressure. XRP has risen to the top in the last 7 days, beating all market sentiment.

This Token Has Surged 20 In The Crypto Crash By CryptomarketBag

Is There a Key Behind the Sologenic XRP Bounce?

As for XRP charts, Sologenic could be the main reason behind the current spike in XRP prices. Sologenic is a fast and secure DEX and NFT marketplace built on the XRP ledger. XRP/Sologenic price is up by over 10% in the last 24 hours.

The XRP chart also shows that the price of XRP/STX is up by over 32% in the same time frame. However, STX is the first multi token soft staking platform on the XRP Ledger.

The NFT build on XPRL seems to have seen a boom in Ripple’s native coin recently. According to Coinmarketcap, the XRP price is up 11% in the last 24 hours. However, its price has increased by 35% in the last 7 days to beat other top cryptos.

XRP’s 24-hour trading volume is up 11% to $4.18 billion. It still holds a market cap of over $22.3 billion amid the recent crypto market dump.

Ripple wins the crucial long-wasting case?

Earlier, Coingape reported that crypto whales have been shifting from Ethereum to Ripple’s native token over the past week, ETH which is the second largest crypto, having lost 16% in the past 7 days. At the same time, Ethereum has just gone through a historic transition from PoW to PoS.

According to a report, the price of Ethereum has registered a huge correction. It has fallen by more than 20% since then.

However, the price of XRP is on an uptrend as both parties in the Ripple lawsuit have filed motions for summary judgment. This has ultimately boosted investor sentiment.

However, a new amicus curiae has just joined the Ripple lawsuit. The Chamber of Digital Commerce filed for access to file the brief.

Ashish believes in decentralization and has a keen interest in developing blockchain technology, the cryptocurrency ecosystem, and NFTs. His goal is to create awareness about the growing crypto industry through his writing and analysis. When he’s not writing, he’s playing a video game, watching an exciting movie, or going out for an outdoor sport. reach me [email protected]

Is Sologenic Driving XRP Price High Amid Tumbling Crypto Market CryptomarketBagIs Sologenic Driving XRP Price High Amid Tumbling Crypto Market CryptomarketBag

The material presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication has no responsibility for your personal financial loss.

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