The price of cryptocurrency is rising again. The price of bitcoin (BTC) has increased by 13% and is now $7,630. Ethereum (ETH) price is up 11.65% at $460. The price of EOS is up 31% in 24 hours to $8.90. Litecoin (LTC) is trading at $120 and Ripple (XRP) is up 11% at $0.56 as of this writing.
Perhaps this market situation is what Abra CEO Bill Baridt said that prices will rise as soon as large investors begin to invest in cryptocurrency. One of these large investors that many Ripple traders are talking about is Amazon.
The price increase due to the partnership with Amazon was first noticed on the Crypto-verse forecast late last year. XRP is known for its transaction speed of 3.3 seconds and low fees of $0.0004 per transaction. These are exactly the qualities that Internet giant Amazon would like to have at its disposal to enable its customers to make online payments quickly and cheaply.
The same situation was noticed earlier in March this year. The price of XRP rose as soon as it was announced that the XRP blockchain would be used for Amazon's logistics system: fleet management and a new branch for international operations at the Kentucky airport.
Suggestions that the price would rise were also expressed by Chronic Crypto in a YouTube video, which said that by the end of the year XRP will jump to $24.48 and after that the market will recover.
It seems that the market is indeed recovering and the prices of all cryptocurrencies are going up, including XRP.
According to https://ethereumworldnews.com
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