Ripple Experienced the Biggest Drop in January
Cryptocurrencies had a spectacular year in 2017, but we cannot say the same for 2018.
Of the $1 billion investment, the biggest disappointment for new investors was undoubtedly Ripple’s XRP.. The increase and seriousness of the level of control over cryptocurrencies caused XRP to fall rapidly.
XRP is still losing a lot of value compared to other cryptocurrencies.
Bitcoin’s arms, for example, Bitcoin Cash , in a similar phase of disposal. Likewise, Bitcoin Gold was greatly affected by the decline of the crypto money market and experienced a serious decline.
XRP
- January Performance:49.56% loss
- Highest Value Reached:$84 (January 4, 2018)
- Price on January 1st: $39
- Price on January 31st:$16
- Ranking by Share Value:3
As we enter January, investors have full confidence in the rise of XRP.
Ripple is seeking to disrupt the global oligopolistic payments industry without investor support.
In addition, Ripple has created new reasons to attract attention.. Before XRP became the second largest cryptocurrency in the world, 3 of the top 5 money transfer companies were said to have started working on using XRP for their own payments.
The rumors that Coinbase will accept XRP on its exchange were also unfounded, and with the decline of the crypto money market, XRP began to experience a great decline.
Currently, XRP’s Its value is $0.89, which indicates that XRP has lost approximately 80% of its value since it reached its highest price.
Bitcoin Cash
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- January Performance:41.29% loss
- Highest Value Reached:$4,355.62 (December 20, 2017)
- Price on January 1: $2,432.54
- Price on January 31:$1,486.89
- Based on Share Value Ranking:4
A branch of Bitcoin Bitcoin Cash (BCH) caught the attention of investors due to its low transaction fees and high transaction speed, and rose rapidly in the last quarter of 2017
Other than that, surprisingly, Coinbase’s GDAX exchange BCH in December. Its adoption has increased interest in BCH.. Also in January, CoinEx exchange appointed BCH as its default coin.
But despite all this, BCH dropped 41.29% in January.. This was probably due to the fear that tight regulation in South Korea and China had on investors.. Their fears were justified, and China has completely withdrawn its support for cryptocurrencies.
Currently, the value of BCH is $1,169, depreciating 72% from its highest value.
Bitcoin Gold
- January Performance:40.02% loss
- Highest Value Reached:$57 (December 20, 2017)
- Price on January 1st: $91
- Price on January 31st: $96
- Ranking by Share Value:23
Bitcoin Gold (BTG), a separate branch of Bitcoin, established in mid-November 2017 ), broke records in 2017.
Despite its temporary high price in its early days, BTG was perhaps the most disliked of Bitcoin’s arms, which has not changed.. Back then, investors said that BTG had little or no use and that BTG was a bubble.
As we head into January, we can see that investors were right in their opinion.. Because BTG is one of the cryptocurrencies most affected by the decline of the crypto money market in January.
BTG is currently worth $108, that is, 78% below its highest value.
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