Post
Topic
Board Bitcoin Discussion
Re: Altcoins price pump influence bitcoin price Negatively ?
by
Luzin
on 02/12/2020, 10:27:53 UTC
I also think this is possible. We witnessed Bitcoin stalling and not testing 20k and altcoins like XRP and Stellar suddenly making 100% in two days.

From the past, XRP has been widely adopted by banking companies. If I'm not mistaken they already have 300 financial institutions on their global payment network , otherwise known as RippleNet. FINMA or the Swiss Financial Market Supervisory Authority also uses XRP for credit requests. If recently XRP is high, I think this is reasonable besides that if you hear that there will be a SPARK airdrop from the Flare Network with a ratio of XRP: SPARK = 1: n, this also causes some traders to choose to hold and buy until the snapshoot period ends.