Ripple drops more than 7% amid correction phase in crypto market

Ripple fell sharply during today's trading amid a correction phase in the crypto market after maintaining a positive pace over the past few days.

Still, many doubt the future of Bitcoin and its sisters, as a survey conducted recently in European countries showed that 63% expressed confidence in digital currencies for 10 years to come.

However, 51% of the survey respondents said they were not confident in Bitcoin over the next 10 years, while only 7% expressed their hope that this type of asset was a good investment.

On the other hand, Samsung has announced that it will lunch its own digital currency, which is gonna be called Samsung Coin.

At 20:31 GMT, Ripple fell by 7.5% to $0.33, with a high of $0.33 and a low of $0.29, while its market value fell from $34.5 billion to $30.05 billion.

Bitcoin also fell by 2.5% to $5447 with the highest price at $5645.5 and the lowest price at $5385.7.