Latest Ripple, Cardano and Binance coin price news
Latest Ripple, Cardano and Binance coin price news

Latest Ripple, Cardano and Binance coin price news

By Marco Cavicchioli - 4 May 2023

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Today’s crypto markets are positive, but not all cryptocurrencies are performing in the same way: let’s take a closer look at Ripple, Cardano and Binance Coin.

Focus on Ripple, Cardano and Binance Coin cryptos

Bitcoin in particular seems to be leading the market today, as its dominance is back near 2023 highs after falling slightly yesterday.

Among the altcoins, let’s focus on XRP (Ripple), ADA (Cardano) and BNB (Binance Coin). 

The performance of XRP (Ripple) compared to Cardano and Binance Coin

Today, the price of XRP is only slightly higher than yesterday. 

In fact, among the major cryptocurrencies by market capitalization, it is the one that is gaining the least. 

It should be noted that in recent days, the price had fallen from $0.48 at the end of April to $0.45 yesterday, but later returned to $0.46 after the end of the Fed Chairman’s press conference and the closing of the U.S. exchanges. 

Ripple’s cryptocurrency price is being weighed down by speculation circulating in recent days about a settlement with the SEC regarding the lawsuit that has been ongoing for more than two years. 

Although these are still rumors without any confirmation, the speculation that is circulating does in fact imply some sort of admission by the company that it has committed some wrongdoing. 

In other words, this would not be a victory for Ripple over the SEC at all, but a middle ground, perhaps caused by the company’s failure to clear all doubts. 

It is no coincidence that the current price of XRP is significantly lower than the $0.57 seen at the end of March, when there was instead speculation that Ripple might win the case, or at least come out virtually clean.

However, it should be noted that the year started at $0.34, so the price of XRP is still clearly in profit. 

It should also be noted that the price before the SEC lawsuit was only $0.25, or just over half of what it is today. 

If the price of Bitcoin has more than doubled since the end of 2020, the price of XRP has just under doubled. The difference is there in the aggregate, but it is by no means huge. 

The performance of ADA (Cardano)

On the other hand, today’s price performance of ADA is perfectly in line with that of Ethereum, for example.

Although it came close to $0.42 at the end of April, yesterday it had fallen all the way below $0.38, but today it bounced all the way above $0.39. 

This is a level not far below the year’s highs of $0.45 and well above the $0.25 at the beginning of the year. 

What is most striking, however, is the comparison with the end of 2020, when the price was around $0.10.

Cardano‘s 2021 was resounding, with +2,900% in ten months. 

It is true that it lost 87% afterwards, but after such a bubble a big burst is inevitable. 

Note, however, that the current price is still below the peak of the previous cycle, when it exceeded $1 in early 2018. 

ADA, unlike XRP, has a decidedly more volatile value, perhaps in part because it is less widely used and thus more easily victimized by speculators. 

Suffice it to say that in May 2018, after a brief rebound following the first major bubble burst, it reached $0.37, a level very close to the current one. 

However, it should be noted that this volatility turns out to be very high in the long run, but recently it has not been at all. 

Already in May of last year, the price had fallen below $0.6 and at the end of the year it reached a low of $0.24. 

These are figures that are relatively close to the current price level, which confirms that volatility on Cardano has been reduced quite a bit lately.

The performance of BNB (Binance Coin)

Today, BNB is positioned in an intermediate zone between the poor gains of XRP and the somewhat more significant gains of ADA. 

Lately, the price of BNB has been experiencing a series of ups and downs, the average of which is not far from its current level. 

It is possible that at this stage it is being affected by the many news items coming out about Binance, sometimes positive and sometimes negative. 

In fact, it has been hovering around $320 since the beginning of February, with a high of only $350 after mid-April and a low below $270 around mid-March. 

Excluding the peaks, volatility on the BNB has been virtually flat for three months. 

However, it should be remembered that the year started at $246, so it has made some gains since then. In other words, it is performing less well than other top cryptocurrencies, but not badly either. 

Importantly, however, the 2022 low, when it even fell below $200 in June, is a long way off, so if you take the lows of the ultimate bear market as a reference, the gain so far is in line with other cryptocurrencies

Practically, instead of booming in 2023, it has made two rebounds, one in the second half of 2022 and one in these early months of 2023. 

However, one should not forget that the price was $30 at the end of 2020, so it has increased more than tenfold since then. This is one of the largest percentage gains of any major cryptocurrency since the pre-bubble period.

Marco Cavicchioli

Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded and the Facebook group" Bitcoin Italia (open and without scam) ".

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