As with the majority of cryptocurrencies, the Ripple price has not been doing very well over the past few weeks. There may be some good news for the currency’s value, however, as it will soon be added to Dubai’s top cryptocurrency exchange, BitOasis.

A Newcomer To BitOasis

Around the end of December and the beginning of January, the Ripple price had soared to a value of $3.61, elevating the currency’s market cap to over $100 billion. However, the good times soon ended with a recent crash down to $1.04 on January 17th. While the currency has started to bounce back with a current price of around $1.30, the fact remains that the Ripple price is in far worse of a spot than it was just a few weeks ago.

Image source: BitOasis

Metro reports that this little bump in Ripple price may be due to the fact that it is set to be included on BitOasis, which is described as “the Middle East and North Africa’s leading digital asset wallet and exchange.” While BitOasis is top dog when it comes to cryptocurrency exchanges in that region, it currently features only Bitcoin and Ethereum. Adding this new currency to the mix could have big implications for value, and the Ripple price has climbed slightly to account for optimism surrounding the change.

BitOasis released a statement on January 28, saying “As one of the largest and fastest-growing companies in the blockchain space in the region, we’re committed to providing our customers with a secure way to buy and sell Bitcoin, Ethereum and now, Ripple.”

The bump in Ripple price initially climbed to $1.40, but has since declined back to $1.3. This gives the impression that the price improvements may be fleeting – at least until we see what impact the actual trading on BitOasis will have on the price. Unfortunately, the Ripple price continues to suffer from the same problems that cryptocurrency at large struggles with.

The Cryptocurrency Dilemma

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