Ripple (XRP) price has just reached a 2-year high price. IT is trading around $0.7 cents as of writing this article, which is almost 130% up since last week. This incredible bull run begs a question… why is the price of XRP going up so suddenly?
There might be several answers to this question, here are some of them:
XRP price is going up as the date of Flare Network`s airdrop of “spark” token for XRP holders is getting closer. Anyone who holds XRP in self-custody services as of December 12 will be receiving free “spark” Tokens. Everyone loves free stuff, so that might be one of the reasons why investors are flocking to Ripple right now.
Altcoins (Or all the other Coins besides Bitcoin) have been always closely related to Bitcoin. Back in 2017 most altcoins reached record high prices following the Bitcoin investing frenzy. The same might be happening as well. Since the beginning of the year, Bitcoin has been receiving all the attention, but it might be time for Alternative coins to shine.
Here are the top 5 cryptocurrencies you can look into if you’d like to take advantage of this crypto frenzy.
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