AltcoinPrice Analysis

Altcoins Gain Attention in the Cryptocurrency Market as Ripple, NEO and DASH Outshine Others

Ripple has succeeded to record massive gains in the bullish crypto market along with NEO and DASH. These coins have outshined the other major coins in the market. With this shining performance of Ripple (XRP), NEO, and DASH, altcoins managed to gain attention in the crypto market.

Ripple is trading at $0.271659 USD with a change of 8.23% in 24 hours. As compared to Ripple, Bitcoin and Ethereum are trading with a change of 2.87% and 5.69% in 24H respectively.

Ripple price surged as a result of its partnership with Intermex


Ripple has recently announced to partner with Intermex, a Nasdaq-listed international remittance company also known as Money Express. About Intermex, Ripple says:

“Intermex is one of the largest U.S. to Mexico remitter service providers in the world—processing more than 30 million payment transactions a year through a network of 100,000 payer locations.”

According to the partnership agreement, Intermex will adopt the On-Demand Liquidity solution of Ripple and plans to use XRP for cross-border transfers. Bob Lisy the CEO of Intermex comments:

“We are pleased to have begun the partnership with the Ripple team, and look forward to implementing new solutions on RippleNet and ODL to help drive growth and deliver greater efficiency.”

This partnership resulted in the rise of the price value of XRP. With massive gains in the crypto market, Ripple is currently the best-performing digital asset in the crypto market.

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NEO and DASH also catch up with Ripple

Not only Ripple (XRP) recorded massive gains but also the other digital coins NEO and DASH performed well on the day. NEO is trading at $12.60 USD with a change of 8.06% in 24 hours while DASH is trading with a change of 8.30% in 24H.

Currently, NEO and DASH are maintaining the bullish trend and both these coins with the help of Ripple made altcoins shine in the crypto market.

XRP daily close update by TraderSmokey

A famous crypto analyst on Twitter named TraderSmokey gives XRP daily close update and says that XRP is closing above the 200-day SMA which means that the uptrend is expected. As he says:

“XRP Daily Close Update: Closed above the 200MA + Kumo Breakout on Poloniex, not yet on Binance though. Either way, highly bullish in my opinion. I could see a small retrace but ultimately I think XRP will run to 3744 Sats in the coming days / weeks.”

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Bentley Kapoor

Bentley is a cryptocurrency enthusiast and trader, his articles are news and platform review based. His writings are brought to you through his 10 years of experience in the cryptocurrency markets.

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