XRP Liquidity Index in AUD Corridor Accelerates, Hitting New All-Time High

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Sat, 02/08/2020 - 10:00
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Yuri Molchan
The liquidity index of XRP in the Australia-based BTC Markets exchange has blasted to a new all-time high, while the PHP and MXN corridors are about to follow suit
XRP Liquidity Index in AUD Corridor Accelerates, Hitting New All-Time High
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The Twitter bot that tracks down the index of XRP liquidity works with three MoneyGram corridors so far – the Philippines, Mexico and Australia. The XRP/AUD one has reached a new ATH today.

The BTC Markets XRP corridor speeds up

On Saturday, February 8, the Australian corridor working via the BTC Markets exchange has set another all-time high, reaching the 4,503,110 level versus 4,271,894 previously. The daily progress so far is slightly under 30 percent.

XRP 1
Image via Twitter

Since the XRP/MXN corridor working via the Bitso Mexican exchange was the first to launch by Ripple’s partner MoneyGram, the XRP liquidity index is the highest there so far. At the time of writing, the liquidity of the XRP/MXN pair is approaching the 17,241,463 mark, totalling 16,884,562.

XRP 2
Image via Twitter

Related XRP Price Prediction — Reaching $0.30 Before Correction?
Related
XRP Price Prediction — Reaching $0.30 Before Correction?

‘XRP will underperform in 2020 again’: Mike Novogratz

Earlier this week, the world famous investor and Bitcoin bull, Mike Novogratz, assumed that Ripple’s XRP is going to underperform this year, as it did in 2019.

It is worth noting that the Galaxy Digital crypto bank that Novogratz runs is a major Ripple investor. The statement Novogratz made instantly provoked a feedback – Ripple’s CEO Brad Garlinghouse was enraged by it and took to his Twitter account to respond to the investor.

Some XRP fans in the crypto community did not believe that Novogratz meant exactly to punch Ripple but decided that he was either misunderstood or was bluffing.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.