Ripple: Coinmarketcap pulls off Korean courses

Due to the deduction of the Korean market price calculation and market capitalization on the Coinmarketcap side, the ripple price quoted there has fallen by about 50 US dollars cents or 20 billion market capitalization. However, Ripple officials are already giving the all-clear. So there is nothing to worry about.

Anyone looking at the nocturnal price development in Germany this morning shortly after getting up will notice two things. For one thing, Ethereum regulated Ripple's second place after a week in the sink, rising $ 1,200. This was helped by the second jurisdiction of the morning: the sudden and drastic drop in the ripple course. About $ 50 and more than $ 20 billion in market capitalization, the XRP token lost in one fell swoop around 6:00 am.

However, the way the price drops, which suddenly goes straight up, suggests that it is not an ordinary price fluctuation, but that more is behind it. In fact, the reason for the course correction soon turned out. For example, Ripples Chief Cryptographer Joel Katz announced on Twitter that Coinmarketcap has decided to exclude Korean ripple prices from market price and market capitalization. The reason for these are outliers, which would come from a crypto-shortage in Korea. The new course is there before closer to reality.

Due to the omission of the Korean trading volume, both values fell accordingly. However, investors should not be led astray by this, as Katz points out. The price development Ripples is still stable, even if it initially did not look like it. In fact, besides the big fall down, Ripple is not currently fluctuating much, with the price going down minimally since then. However, it should be noted that ripple, taking into account market capitalization in Korea, would still take second place before Ethereum.

http://www.currency-echo.com/2018/01/ripple-coinmarketcap-pulls-off-korean.html