Price Analysis

Bitcoin Vs. Ripple: Bitcoin (BTC) May Become More Profitable than Ripple (XRP) in the Medium-term

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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-

BTC - XRP Price Chart
BTC – XRP Price Chart
13th July 03:52 UTC Bitcoin (BTC) Ripple (XRP)
Rank 1st 3rd
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.

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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.

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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