April was a great month for digital currency trading. All digital currencies experienced an increase in value.
But the last couple of weeks haven’t been fantastic, as a lot of digital currencies experienced a decline in their values. For instance, the present value of bitcoin is $7,365 compared to when it was over $8,500 just a couple of weeks back.
Its current value is its lowest since on the 18th of April when it almost broke the $10k barrier.
The market cap of bitcoin is $126 billion, and it is still the top digital currency in the world. The fear surrounding bitcoin is almost the same as other top digital currencies such as Ripple (XRP) and Litecoin (LTC).
In the last 24 hours, the value of Ripple (XRP) has reduced by 0.34 percent, and its current value is 60 cents. Litecoin also lost 0.18 percent in the last 24 hours, and 15.3 percent for the week, and the digital currency is presently trading at $117.
Bitcoin: Performance Power
Bitcoin is very popular, it was the first digital currency ever, and it holds the greater value, status, and demand. It has been criticized by a lot of observers and governments.
It has also been at the center of most scandals in the digital currency space, its transfer rates are high, and it’s slow. It is also one of the safest options around. It is not a digital currency to bet against, it has been around and it’s not going anywhere.
Litecoin: Growing Steadily and Quietly
Whatsoever that is happening to other coins, Litecoin has been exceptional, and it has some kind of charm that helps to increase its adoption and use worldwide. Litecoin is gradually becoming a retail payment currency all over the world.
Ripple: Partnerships Matters
Amongst all the coins mentioned here, Ripple (XRP) is the one having the most challenges. But the fact is that Ripple has proven it has practical value in the real-world, and over 75 banks in the world are using it for their international transactions.