Altcoins are down today and it’s a bloodbath out there. NEO, Ripple (XRP), and IOTA (MIOTA) are some of the currencies experiencing the biggest loses.
RIPPLE (XRP)
Despite the fact that Ripple is down currently, things are not totally going south for Ripple.
Revolut a UK-based payment platform is adding Ripple to its platform in the next couple of days. Due to increase in demand, Revolut users will have the option to purchase XRP from the app, along with the already supported cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
[Source] (CoinMarketCap).
Currently, XRP is trading at $0.821 a coin, up 0.20% in the last 24 hours
IOTA (MIOTA)
Despite the statement made by COBINHOOD that IOTA is going to be one of the new tokens to be backed by the crypto exchange, IOTA price still went down. COBINHOOD also announced they will begin supporting EOS once its main net launches, and by the 27th of April, the exchange will be supporting Achain (ACT). In my own opinion, IOTA recovering from crash based on the announcements looks promising.
[Source] (CoinMarketCap).
MIOTA is currently trading at $1.90 a coin, up 1.61%.
NEO
A smart economy workforce platform known as MOONLIGHT declared a $1,000,000 investment from the financial investment arm of the NEO Foundation NEO Global Capital. Moonlight is trying to reduce the complications involved in identifying and recruiting talented people for organizations/companies.
[Source] (CoinMarketCap).
The announcement from NEO Global Capital may be a blessing to Moonlight, but it has not helped to lift NEO’s token price up out of the red zone.
NEO is currently trading for $72.72 a coin, down -1.28%
Do you think these altcoins will make quick recovery, or should we be expecting another major slump? Comments below what you think.
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