The price of digital currency again weakened earlier this week. The highest price weakness experienced by two digital currencies with the largest capitalization of Bitcoin and Ripple.
As reported by CNBC on Tuesday (9/1/2018), Ripple is trading 10 percent lower at US $ 2.46 per token price in Bitstamp currency exchange. Coinmarketcap.com also showed Ripple prices declined 25 percent. However, this price reduction could be due to the exclusion of a currency exchange place in Korea.
as well as Ripple, the value of digital currency with the largest market capitalization of Bitcoin also collapsed 7.6 percent. The sale and purchase of Coinmarketcap.com digital currency denotes bitcoin prices falling nearly 30 percent.
Bitexin stock index also weakened 10.5 percent in Cboe, had at the level of US $ 15,010 or equivalent around Rp 201.6 million. According to Coinbase, bitcoin prices slumped 7.6 percent while litecoin decreased 6.4 percent.
Different things experienced by other virtual currency, Ethereum. Cryptocurrency of this one value rose and traded 4.7 percent higher at US $ 1,143 or Rp 15.3 million.
Throughout the year 2017, the value of Bitcoin recorded jumped 1,500 percent. While the value of Ripple able to skyrocket 35 thousand percent.
Contrary to many digital currencies, Ripple has worked with major institutions, providing an aura of legitimacy and practicality. However, criptocurrency fans say that centralization is the opposite of technology that digital currencies should have.
Contrary to many digital currencies, Ripple has worked with major institutions, providing an aura of legitimacy and practicality. However, criptocurrency fans say that centralization is the opposite of technology that digital currencies should have.
"The reason behind Ripple's soaring rapidly is the Bubble increase, because testing cyptocurrency does not make sense, the whole idea of a digital currency is that you do not need a bank," said ShapeShift CEO of digital asset exchange company Erik Voorhees.