Bitcoin’s growth in the last 3 months has rocked the whole market. The impact can be seen on all other alternative coins as well. However, Ripple has been successful in avoiding a huge part of Bitcoin’s effect on its price. Here is an analysis of the price movement of both Bitcoin and Ripple in the market for the last 3 months, from when Bitcoin started its latest growth phase. Let us look at the current details of both the coins first.
Bitcoin – Ripple Price Statistics-
|13th July 03:52 UTC||Bitcoin (BTC)||Ripple (XRP)|
|ROI (Return on Investment)||8,518.41%||5,670.56%|
|Coin Circulation||17,814,575 BTC||42,566,596,173 XRP|
|Market Cap||207,903,920,299 USD||14,422,380,965 USD|
|Value in USD||11,637.71USD||0.3386 USD|
|All-Time High||20,089 USD||3.84 USD|
|24h Volume||22,344,386,188 USD||1,552,032,720 USD|
Bitcoin – Ripple Price Comparison-
Bitcoin got its first significant hike between 15th April and 14th May. In these 28 days, the coin gained 65.93%. It was followed by another hike. This hike was between 04th June and 26th June. And it helped the coin to gain 84.62%. On the other hand, Ripple faced its first fall between 18th April and 25th April. This fall cost the coin 16.15% or 0.05 USD. It was followed by a steep hike of 65.48%, and this hike helped the coin to gain 0.18 USD on its value.
Bitcoin faced a fall of 28.19% between 26th June and 02nd July. It was finally followed by a hike of 32.74%. Similarly, Ripple faced a hike of almost 30% between 09th June and 26th June. These 16 days helped the coin to get 0.11 USD. It was again followed by a fall of 33.48% over the next 15 days.
Bitcoin – Ripple Price Prediction & Conclusion-
Both the coins are likely to have bullish year ending. Bitcoin may get to 15,000 USD by the end of this year whereas Ripple is likely to be around 0.9 USD in this period. Bitcoin and Ripple are two different coins with two different price levels. But through analysis, it can be easily inferred that Bitcoin’s swings are huge whereas Ripple has been moving with stability.