Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)

Email this Article

Send with mail | ahoo instead.
Required Needs to be a valid email
Required Needs to be a valid email
Ripple Prices Today Climb Ahead of Swell Conference
https://mney.co/2gwz22d
Required Please enter the correct value.
Twitter

Ripple Prices Today Climb Ahead of Swell Conference

By Garrett Baldwin, Executive Producer, Money Morning • October 11, 2017

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

Garrett BaldwinGarrett Baldwin

Ripple prices today climbed over 2% as investors eagerly await the company's Swell conference in Canada on Oct. 16, 2017.

Executives are supposed to make a big announcement, and the digital currency is still speculating on what exactly that means.

Ripple Prices

Digital currency investors today are also weighing in on statements by Russian President Vladimir Putin on the future of the markets.

Putin called for more regulations in what many perceive to be his first significant statement on the sector. "Virtual [currencies] or cryptocurrencies are becoming and have already become more popular," Putin told Russian state media outlet TASS, according to CoinDesk.

Putin also said digital currencies "have already become or are turning into a full-fledged payment instrument and an investment asset in certain countries. At the same time, use of cryptocurrencies also carries serious risks."

Bitcoin also received another bullish call from a major investor. Former fund manager and Goldman Sachs alum Michael Novogratz predicted that Bitcoin would hit $10,000 per token in 10 months or less.

The fund manager recently announced he was raising $350 million and adding another $150 million of his own money to start a new fund that broadly invested across the entire cryptocurrency universe.

How to Buy Bitcoins: Your Guide to Digital Profits

Though he has also called Bitcoin the "biggest bubble of our time," he has justified it by arguing that the technology behind the token will have a remarkable impact on the economy and our future.

Below is a recap of the top cryptocurrency prices at 3:30 a.m. EDT.

  • Bitcoin: $4,862.25, -0.72%
  • Ethereum: $304.89, +0.80%
  • Ripple: $0.2630, +2.17%
  • Bitcoin Cash: $314.61, -1.02%
  • Litecoin: $51.12, -0.03%

Now that we know all of today's price movements, here's what has been moving these cryptocurrencies...

Cryptocurrency Markets Today

Top performers from the largest 100 cryptocurrencies by market capitalization included Metaverse ETP (up 80.23%), Regalcoin (up 61.65%), Nexus (up 35.77%), MonaCoin (up 29.60%), and Bytom (up 28.97%).

The worst performers from the top 100 largest cryptocurrencies by market capitalization included Pura (down -16.87%), MobileGo (down -7.61%), I/O Coin (down -6.10%), Kyber Network (down -5.22%), and Aeternity (down -4.12%).

Ethereum Prepares for Metropolis Upgrade

The Ethereum price was flat for most of the day despite news that CoinShares will launch the first Ethereum-based investment product to be listed on the Nasdaq Stockholm exchange.

The product is an exchange-traded note (ETN) for Ethereum. CoinShares also has a Bitcoin-based ETN that it launched in 2015.

Traders are also counting down to the first stages of Ethereum's Metropolis upgrade, which will happen next week. The "Byzantium" code will go into effect when the Blockchain hits block number 4,370,000.

Litecoin Looking for a Bottom

The price of Litecoin was flirting with a decline below the $50.00 level today.

Traders are looking to see if the price can get a bump after a wretched September saw prices collapse from an all-time high of above $92.00 per token.

While Bitcoin and Ethereum have recovered from China's ICO ban and other bearish factors, Litecoin has struggled to find support from traders.

Get on the Path to Greater Wealth: When it comes to making money in the market, "getting in" early - before a stock begins to make its decisive move - is the single biggest factor to your success as an investor. Quickly buying Apple after the June 2013 sell-off, for instance, could have doubled your money. Moving on Valeant the same day we recommended our big "negative bet" against it would've booked you a remarkably fast 700% return. That's why we've introduced Money Morning Profit Alerts. This new, free service lets you choose what investing areas you want to follow - and makes sure you get alerted to news from that sector as soon as we publish it. It means no more waiting. No more searching. No more missing out. It's easy to get started - just go here.

Follow Money Morning on Facebook, Twitter, and LinkedIn.

Join the conversation. Click here to jump to comments…

Garrett BaldwinGarrett Baldwin

About the Author

Browse Garrett's articles | View Garrett's research services

Garrett Baldwin is a globally recognized research economist, financial writer, consultant, and political risk analyst with decades of trading experience and degrees in economics, cybersecurity, and business from Johns Hopkins, Purdue, Indiana University, and Northwestern.

… Read full bio

Login
guest
guest
0 Comments
Inline Feedbacks
View all comments
LIVE
Visit Money Morning Live


Latest News

January 19, 2023 • By Money Morning Stock Research Team

These Stocks Could Go To $0

January 9, 2023 • By Money Morning Stock Research Team

The Government Is Pouring $391 Billion Into These Stocks - Buy Now

December 27, 2022 • By Money Morning Staff Reports

6 IPOs in 2023 You Can’t Afford to Miss
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover This Is VWAP Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Warlock's World Penny Nation Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Vega Burst Trader Flashpoint Trader Darknet Hyper Momentum Trader

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell My Info

wpDiscuz