Ripple value set to increase? Cryptocurrency could receive BOOST from leading exchange

RIPPLE’S value could surge today after being added to a “leading” cryptocurrency exchange platform that deals in the Middle East and North Africa as it joins the exclusive club of Bitcoin and Ethereum on the platform, it has emerged.
After hitting a high in January of £2.57 ($3.61), the currency has plummeted to just 91p ($1.28), but this could turn around when it joins cryptocurrency exchange BitOasis today.

In a statement, BitOasis said: “We’ve decided to introduce XRP trading to meet the increased demand from our customers to add to the list of major cryptocurrencies and digital assets offered on our platform.

“As one of the largest and fastest-growing companies in the blockchain space in the region, we’re committed to providing our customers with a secure way to buy and sell Bitcoin, Ethereum and now, Ripple.”

After the statement was issued on Sunday, the price of the virtual currency spiked to a value of £1 ($1.40).
BitOasis labels itself as “the Middle East and North Africa's leading digital asset wallet and exchange”.

The exchange is present in “UAE, Kuwait, Bahrain, Oman and Saudi Arabia” - the extra markets could mark a turning point for the cryptocurrency.

Ripple is currently struggling to catch up to Bitcoin, Ethereum and Litecoin in terms of value.

However, if investors had put as little as £71 ($100) into ripple last January, the virtual currency would have attracted a healthy sum of £25,112 ($35,259).
Meanwhile, if £71 had been invested in each of the top ten cryptocurrencies an astonishing amount of £46,090 ($64,707) would have been the reward.

Although Bitcoin is still by far the leading cryptocurrency in terms of value, a string of crackdowns against it has caused a huge stumble.

Japan became the latest Asian country to take aim at virtual currencies after nervous investors reeled following a £380million Coincheck heist.
Other cryptocurrencies were hit by the slide yesterday with rival Etheruem falling from $1,525 on Monday to $1,153.
All cryptocurrency exchanges will now face inspections as Japan’s financial watchdog tries to prevent future thefts.

Coincheck became the victim of what is believed to be the biggest ever cryptocurrency robbery after hackers made away with millions in Bitcoin rival NEM.

Coincheck was ordered to beef up their security following the massive heist and have promised to pay customers back out of their own funds
Source : /finance/city/911750/Ripple-value-price-market-cryptocurrency-Bitcoin-Ethereum-Litecoin-BitOasis-Middle-East
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