Biggest Crypto Price Movements of 2019 - FOR XRP
[NEWS BLOG]: Biggest Crypto Price Movements of 2019 - FOR XRP
The start of 2020 is a great time to look at the path travelled by cryptocurrencies up and down the price charts and analyze how these coins have been performing throughout the previous year. The prices of most cryptocurrencies changed tremendously throughout 2019, as the year started off slow but then saw most cryptocurrencies jump in value over the first six months.
However, some like Luna Coin (LUNA) exhibiting a considerable growth of 48,900%. Others, such as Lumen (XLM), lost more than half their price value and tumbled from the pedestal of crypto glory. DogeCoin (DOGE) demonstrated the lowest volatility, which is entering 2020 at the same price as 12 months ago
The biggest move: -30% in November
XRP wraps up the list of disappointments with its 47% drop over a period of one year and a 30% drop in November. While still continuing to fall, XRP set a record for the number of transactions in early December. On Dec. 2, the total amount of transferred assets reached $1 billion, making some users believe that the team behind the cryptocurrency, Ripple, was intentionally crashing the XRP price.
OTHER RELATED NEWS
SEC vs. Ripple: US Judge Orders Both Parties from the XRP Lawsuit to Hold a Discovery Conference
In a fresh twist to the Securities and Exchange Commission (SEC)’s fight against Ripple Labs, US judge Sarah Netburn has directed both parties to hold “a telephonic discovery conference on Tuesday, April 6, 2021.” The judge’s order directs the parties to discuss a motion to compel filed by Ripple’s lawyers.
"Motion to Compel"
On March 15, lawyers representing current Ripple Labs CEO Brad Garlinghouse and Christian Larsen had asked Judge Netburn to compel the SEC to produce documents relating to the regulator’s lawsuit against the fintech firm.
In their motion, Ripple’s lawyers argued that seeking this court order had been necessitated by the regulator’s - read more.
Crypto Analyst Claims Bitcoin’s $20K All-Time High Was Fake
A cryptocurrency analyst has suggested that price manipulation was behind Bitcoin’s current (and previous) all-time highs, and that the $20,000 December 2017 price was “fake.”
Cane Island Alternative Advisors’ Timothy Peterson has claimed that Bitcoin’s (BTC) near-$20,000 all-time high in December 2017 was “fake.”
In a tweet on June 11, Peterson said that it took seven years for people to accept that Bitcoin was manipulated in 2013, referencing a recent ruling by a Japanese court upholding data tampering charges against former Mt. Gox CEO Mark Karpeles.
He then asked, “How long before people understand $BTC was manipulated again in 2017 and 2019?” before signing - read more.
Manny Pacquiao launches his own fan-backed cryptocurrency
Champion boxer Manny Pacquiao announced the launch of his own cryptocurrency at a concert in Manila on Sunday.
The cryptocurrency, called the Pac, will allow fans to buy merchandise and interact with Pacquiao -- the 40-year old boxer, Filipino Senator, and former basketball player -- via social media.
The Pac behaves like a normal cryptocurrency in the sense that it provides a digitally tradeable token with a floating value secured by a decentralised ledger. But unlike other cryptocurrencies such as Bitcoin, the value of the Pac is touted as being backed by demand from Pacquiao's fan base for his merchandise.
The Pac - read more.