Meme Coin, Ripple & Cardano – American Wrap 03 June

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The cryptocurrency market has eased into a broader recovery on Tuesday, led by Bitcoin’s (BTC) uptick from last week’s lows of $103,020. Select meme coins such as Dogwifhat (WIF), Mog Coin (MOG) and Popcat (POPCAT) are holding their double-digit gains accrued in the last 24 hours while showing signs sustaining the rally.

XRP could see adoption from institutions and follow in the footsteps of Bitcoin as a reserve asset with announcements like VivoPower International’s $121 million plan to buy the altcoin. The Nasdaq-listed firm revealed plans to transform the company into an XRP-focused digital asset enterprise, the first of its kind worldwide. 

XRP liquidations

Cardano’s (ADA) price has reversed upwards after testing support at $0.65, trading at $0.69 at the time of writing on Tuesday. The slight rebound occurs amid consolidation in the broader crypto market and tensions in the global macroeconomic…

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