Cryptocurrency

Ripple (XRP), Dash (DASH) and Cardano (ADA) – Reasons For The Buying Frenzy

Ripple (XRP), Dash (DASH) and Cardano (ADA) - Reasons For The Buying Frenzy

VANCOUVER– Things are going well for Bitcoin today as it increased its price to $1,000 this morning. Along with Bitcoin, Ripple (XRP), Dash (DASH), and Cardano (ADA) are also on the rise. Despite this breakthrough, investors are not fully engaged in buying as there is no solid evidence or reason yet as to how and why this happened.

On the other hand, not all are pleased with this, as banks are trying their very best to trace down their clients using credit cards to purchase cryptocurrencies, leading to one bank banning Interac E-Transfers.

It is uncertain if all banks will resort to doing the same thing. If it were to happen, it is most likely that people will start patronizing banks that are crypto-friendly like Wells Fargo, rather than banks that do not favor crypto transactions.

Looking at the bright side of cryptocurrency, Ripple (XRP), Dash (DASH), and Cardano (ADA) are shooting up major gains for the past 24 hours.

Ripple (XRP) increased by 13% and is now at $0.566 per coin in trading over the past 24 hours. The plausible reason for this is the possible partnership of Ripple (XRP) and Amazon. With this partnership, more investors are now feeling more confident about altcoins, and thus opted to invest more.

Dash (DASH) did not make any new partnerships this week apart from its 400 partners across the globe, but it still makes sure it advances forward. Its key is to speed along with anonymity. Being on the top 12 on the  list of largest crypto platforms, it is resolute to increase its progress by having 12.18% up with $339.63 per coin in trading for the past 24 hours.

Cardano (ADA) gains an up of 20.62% as it sells $0.196 over the past 24 hours. It is considered Ethereum’s top competitor and it also offers a  bigger risk-reward to its investors. The platform’s progress might just entice investors to add it to their portfolio. Still, Cardano has a long way to go.

Ripple (XRP), Dash (DASH), and Cardano (ADA) are three crypto platforms which prove that cryptocurrencies are definitely in the green today, meaning that it is now a good time to buy

About the author

Bradley Johnson

Bradley Johnson

Brad is a 32-year-old Entrepreneur and is passionate about Digital Marketing and Cryptocurrencies. He first started out as a content writer and then ventured into Internet Marketing. Bradley also works as a crypto investment advisor.

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