Coinbase finally debunked the Ripple-related rumors that have been floating around. There has been gossip circulating around the cryptocurrency interweb that the (now) second most-valuable coin, Ripple (XRP), would be joining the exchange.
Yesterday, the company that runs Coinbase – and also GDAX – laid it all out in a blog post. Apparently, everyone was wrong, and XRP won’t be featured on either of the exchanges.
“As of the date of this statement, we have made no decision to add additional assets to either GDAX or Coinbase,” the company said in the blog post. “Any statement to the contrary is untrue and not authorized by the company.”
For the time being, Coinbase only offers trading of four cryptocurrencies. Those four coins are Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).
But is it really a bit deal that Ripple isn’t on Coinbase yet? Its absence on that exchange hasn’t stopped it from becoming the number two coin worldwide.
Is there still a lot of price growth left for XRP?
What the Coinbase News Means for the Price of Ripple (XRP)
The price of this coin may dip a bit as the market reacts to the disappointing news – and it has. At the moment, XRP is trading at $3.20. That’s about 13% lower in just 24 hours.
But over the last seven days, this top altcoin has still gained an impressive 84%. This coin is still faster and cheaper to use than Bitcoin (BTC). As the most valuable alternative to BTC, this coin has enjoyed some stunning growth in recent weeks.
A tiny bump in the road (like a rejection from Coinbase) isn’t going to stop the upward trajectory for more than a day or two. In fact, the current dip in its price is presenting a solid opportunity to buy in.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.