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Eastman Kodak Gets in the Crypto Game, Ripple Lost 50% of its Value Last Week

By:
Yaron Mazor
Published: Jan 11, 2018, 12:48 UTC

Eastman Kodak Company has received plenty of attention since its announcement regarding its planned launch of KodakCoin. Ripple XRP has lost nearly 50% in

ripple

Eastman Kodak Company has received plenty of attention since its announcement regarding its planned launch of KodakCoin. Ripple XRP has lost nearly 50% in value last week.

Eastman Kodak Surges on Announcement, KodakCoin Sparks Interest

Eastman Kodak has continued to enjoy a surge in its share price. Kodak which has been a company for nearly 130 years has seen its value double since it has announced that it will issue a KodakCoin token in order to allow its clients to purchase its products. The value of Eastman Kodak was around 5.00 U.S per share before the announcement a few days ago, and it is now trading above 10.00 a share on the New York Stock Exchange.

Ripple in a Slugfest, Ripple Loses Fifty Percent Drop in Value Past Week

The price of Ripple remains under stress, after making a huge gain in December. The cryptocurrency which is listed as XRP has lost nearly 50% in value in one week’s time. Ripple is one of the top five cryptocurrencies in market value. Its core technology allows companies to make international transactions in an easier fashion. However, some analysts point out that the Ripple coin doesn’t have to be used in all of these transactions, which they claim could limit its overall appeal to traders. Ripple is around 1.76 U.S Dollars per coin today.

Ripple 4H Chart
Ripple 4H Chart

South Korea Clampdown Intensifies

The South Korean government this morning continued to come down hard on some aspects of cryptocurrency. The nation is said to be considering a ban on cryptocurrency exchanges until it can create an effective tax regulation policy.

Crypto Finance Conference in Switzerland

There will be a three-day cryptocurrency conference held in St. Moritz, Switzerland from January the 17th until the 19th for interested participants.

  • 17-19, Switzerland, Crypto Finance Conference in St. Moritz

Yaron Mazor is a senior analyst at SuperTraderTV.

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.

About the Author

Yaron Mazorcontributor

Yaron has been involved with the capital markets since 1998. During the past 16 years, Yaron has been a day and swing stocks trader in the American market. Yaron has founded and made successful investments into businesses spanning exciting industries – from apparel to restaurants and bars, to high tech, medical technology, and education.

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