By now it’s lunch time again, so time for our crypto update. We review the live Bitcoin price and the prices of the top 25 crypto. In addition, we offer updates on Ripple (XRP) and Polygon (MATIC). We conclude with an NFT update.
We begin, of course, with the live Bitcoin price and the prices of the top 25 crypto.
Live Bitcoin price continues to rise, prices top 25 crypto exchange
After the rally of the past few days, the live Bitcoin price continues to rise. The live Bitcoin price at the time of writing is EUR 338,3310.14 ($47,763.53). This is 2.44% higher than yesterday around this time, although it is lower than when the US markets closed last night.
Among the top 25 crypto, we are currently seeing mixed results. Near (NEAR) is losing the most at 5.69%. The biggest increase is for Shiba Inu (SHIB) with + 19.45%. On the site of Tradeincrypto.com you can analyze all live crypto prices.
Ripple (XRP) price shoots up on good outlook for crypto
In our analysis yesterday afternoon, we already foresaw a hefty price increase for Ripple (XRP). The coin is living up to this and we can see this in the market capitalization. In one move, the coin passed Cardano (ADA) and Solana (SOL) to take sixth place in the ranking.
Only stable coins USD Coin (USDC) and Tether (USDT) and BinanceCoin (BNB) are still between conquering the top 3. That gap is large, by the way, as the market capitalization of Ripple (XRP) is currently 36.08 billion. BinanceCoin (BNB) and Tether (USDT), with 62.66 billion and 68.23 billion respectively, still seem out of reach for now, while the gap with USD Coin is smaller given its market capitalization of 45.01 billion.
The buying interest in Ripple (XRP) is mainly motivated by the points the crypto scores in the lawsuit against the SEC. One is slowly approaching the denouement there and the judge is awarding XRP many requests. Insiders therefore take into account a victory that could be beneficial for the entire crypto market, because with such a victory crypto could be seen as security a lot harder. Analysts are therefore taking into account price increases of up to 50%. The current Ripple (XRP) price is $0.852 and that is 9.66% higher than yesterday.
Crypto Polygon (MATIC) shoots up by investors
One of the so-called Ethereum (ETH) killers is Polygon (MATIC). To keep up the competition with the second largest crypto currency, it needs money. Investors appear to be lining up. In order to increase scalability and develop and improve Web 3.0 applications such as Dapps, they have launched an investment round.
As many as 40 well-known crypto participated in the fundraising that raised as much as $450 million. This investors clearly saw as a bullish sign. In fact, the current Polygon (MATIC) price is $1,952. This is an increase of 9.23% from yesterday.
NFT update: Dutch news and what did the Lamborghini NFT auction bring in?
Gaming legend ‘Kwebbelkop’ got burnout, but not from crypto. In fact, he started his own NFT launch platform. The interesting thing is that users only pay when they actually launch their NFT.
That can be lucrative, as Lamborghini proved. Indeed, last week they organized their first NFT auction. This auction has now ended. The proceeds are known and one can safely speak of a success.
Finally, interested parties have the chance to bid on NFTs at the online auction house. Here the auction of a special collection of NFTs takes place. The striking thing is that the prices offered so far fall far short of prices previously paid for NFTs by this artist and the experts’ estimation. Are you curious about all the details of this update? You can read them here.
Of course we will keep you informed about all developments regarding crypto. You can expect the next update tonight after the close of the US financial markets.
Want to stay informed about the latest price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”