Crypto price update: XRP and Cardano continue to fall – BusinessCloud - Crypto Spike

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Friday, August 27, 2021

Crypto price update: XRP and Cardano continue to fall – BusinessCloud

Crypto movers and shakers

Ripple’s XRP coin dropped 4% for a second consecutive day and is now only eight cents above $1.

After the drop in the last 24 hours, XRP – which broke back through the symbolic $1 mark almost two weeks ago then flew up to $1.30 – finds itself 11% down on its price last Friday morning.

Proof-of-Stake blockchain platform Cardano followed a 6% fall in the previous 24 hours to drop another 3%.

At the time of writing (7am UK), its ADA token is worth $2.55 and is pretty much where it was a week ago. Again, however, it made big gains before last Friday – and is now the third-most valuable crypto.

Why might Cardano hit all-time high in September?

Market leader Bitcoin (BTC) barely moved and is also where it was a week ago, just below $47,100.

Ethereum (ETH), the world’s second most valuable crypto, fell slightly and remains just above $3,100. It is 4% down over seven days.

Binance Coin (BNB) dropped to $477 with a 2% fall, but is 11% ahead of its value last Friday morning.

Meme coin Dogecoin (DOGE) shed another 3% of its value to drop to 27c. It is 14% down over seven days.

The ‘hack’ that wasn’t raises deep concerns for crypto investors

The cryptocurrency market dropped 0.7%, with the almost 11,400 coins now worth a collective $2.01 trillion.

To see how the valuations of the biggest movers and shakers – and main coins – have changed over the last few days, click here.

For valuations of the top 250 coins by market cap (updated every 15 minutes), their market cap plus 24-hour price change and volume traded, see below. 



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