Ripple price loses 21% in 5 hours

Ripple cryptocurrency price decreases 21% as the announcement doesn't live up to the traders' expectations
25 August 2017   1700

The Ripple cryptocurrency price had on surge this week, rising 89% from August 21-23. This surge was accompanied by a dramatic increase in trading volume (it exceeded $2.3 billion), primarily on South Korean exchanges.

It is believed, that such a surge had something to do with the rumours about Korean market showing interest in the cryptocurrency. Thus, the rumours have begun on the company’s social media. Ripple was about to announce a major partnership with a bank or corporation, most likely in Asia.

As shown, the rumours were based on the fact that Ripple’s Twitter page has been teasing out an announcement about their upcoming conference with a multi-day countdown. Some Twitter users noticed that a geometric resemblance between the shape in the tweet and the Korean subcontinent.

However, the Ripple price began to sink on Thursday after the announcement did not live up to investor expectations.

It goes without saying that the users were quite disappointed:

The price had gradually risen in the hours leading up to the announcement. At 14:00 UTC, the Ripple price was $0.289. Within an hour, it had dropped to $0.262, and it has continued to fall from there to $0.229, which is a 21% decrease from its pre-announcement-level.

Ripple charts on coinmarketcap.com Ripple charts on coinmarketcap.com

At the time of writing, Ripple's price is about $0.228, it has a market cap of $8.5 billion, which is about $1.9 billion less than 3rd-ranked Bitcoin Cash.

Change.org to Mine for Charity

According to the calculations, if 10k computers will run the minning screensaver for 12 hours a day, the charity fund will receive $10k monthly
18 July 2018   99

Social platform for petitions Change.org announced the launch of a screensaver that mines Monero on users' computers. All tokens will be transferred to the charity fund of Change.org. This is reported by Coindesk.

This initiative was launched in partnership with the marketing agency Tracelocke Brazil.

Representatives of Change.org report that the screensaver will consume resources only when users do not use the computer. According to their calculations, if 10 thousand computers will run the screensaver for 12 hours a day, the charity fund will be transferred $ 10 thousand monthly.

At the moment the program is available only for Windows users and the platform did not report on the release plans for the version for macOS.

Note that at the end of April, a similar action was launched by the Australian unit of the United Nations International Children's Emergency Fund; (UNICEF). The website "Page of Hope" mines Monero cryptocurrency.