The altcoin named XRP2.0, which is closely related to Ripple Labs and XRP, has risen over 500% over the last 24 hours. The sudden rally raises concerns among market players…
Ripple (XRP) copy altcoin jumps 5x
A relatively new altcoin duplicating XRP with the acronym ‘XRP2’ has surged as high as 520% intraday. Meanwhile, the overall market was experiencing a slight decline with the calm of the weekend. While the overall value of the crypto market is down 0.29%, the new altcoin named XRP2.0 is showing a very distinct bullish trend, challenging the market trend.
XRP2 price is currently trading at $0.0001789, an increase of more than 600% from the last 24 hours. It registered $0.00001489 as the lowest price level today.
XRP2.0 reached market trends within hours with massive price increase. In this respect, it is similar to meme coins as it was in Pepe in April. However, its current price did not help it reach the ATH level. XRP2 price peaked at $0.0004924 on July 24. Despite the last rally, it is still 70% below this level.
The new altcoin has seen an impressive ROI of over 592,000 in a short period of time. Such high returns during XRP2.0’s relatively short existence are attracting interest among investors.
Is XRP2.0 related to XRP?
There are uncontrolled events in the cryptocurrency ecosystem, such as allowing projects to imitate each other or switch brands. XRP2.0, on the other hand, has close links with Ripple Labs-related XRP. This close relationship is a big boost as investors might think that the new release has something to do with XRP.
The altcoin currently has a fairly high volatility. For this reason, investors need to be very careful before taking a position. As quoted by Kriptokoin.com, XRP continues to keep bull expectations high.
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