Home / Analysis / Nasdaq joins XRP Liquidity Index, Ripple Upsurges in the Market

Nasdaq joins XRP Liquidity Index, Ripple Upsurges in the Market

In the period of some previous months, several of the virtual currencies have experienced a quite amount of value increase in the market that impacted notable rise from their loss in the previous year market of value lows. However, the Ripple (XRP) has always maintained its stability in the market around the value of $0.30.

The Nasdaq stock exchange has also joined up with the Ripple’s XRP index to its ‘Global Index Data Service’. The index will be supported by the blockchain technology data and research firm named Brave New Coin and it will be accessible in the market by 1 May.

In a press conference, The Brave New Coin wrote,

“BNC has developed the XRP Liquid Index (XRPLX) to meet the marketplace requirement for a single, reliable and fair USD price for XRP – based on live real-world trading activity.”

They further added,

“The index is designed to report a market price at which liquidity could enter or exit an XRP position. The XRPLX captures a comprehensive, global sample of liquidity on the highest volume and quality exchanges.”

After the Bitcoin (BLX) and Ethereum (ELX) Liquidity Indexes, Ripple will be third to join Nasdaq. Nonetheless, after this news, the price of the Ripple went upwards.

Ripple (XRP) yesterday’s and today’s value

The Ripple is keeping the 3rd position in the virtual currency market. Yesterday 30th April, the value Ripple was trading at $0.294468 with the market cap of $12,369,121,002 USD and a 24-hour volume of $913,783,242 USD.

Today Ripple’s value is trading at the value of $0.305095 USD with a market cap of $12,815,500,948 USD and 24 hour volume of $1,136,514,786 USD. The Ripple value has a 0.97% increase since yesterday. It is good news for Ripple that its price is surging and it is maintaining its stability in the market.

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About Arushi Dubey

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Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

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