Virtual Currency Prices Firm... Ripple's Upward Trend Stands Out
[Asia Economy New York=Special Correspondent Baek Jong-min] Cryptocurrency showed a firm upward trend during the U.S. Memorial Day holiday.
![[Image source=Reuters Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2021052505092248175_1621886962.jpg)
According to CoinMarketCap on the 31st (local time), Bitcoin is trading at the $36,000 level, up 1% compared to 24 hours ago. Bitcoin had fallen to the $33,000 level ahead of the Memorial Day holiday but has since stabilized.
Ethereum, the second largest by market capitalization, traded around $2,600, up 6%. Dogecoin was traded at around 32 cents, up about 4%.
The cryptocurrency that showed a significant rise that day was Ripple (XRP). Ripple rose 7% to trade at 99 cents. At one point during the day, Ripple surged as much as 11%.
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Ripple has shown a strong performance compared to other cryptocurrencies, rising 8% over the past seven days. Thanks to its recent upward momentum, Ripple surpassed Dogecoin to rank 6th in the overall cryptocurrency market capitalization.
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