Why such a big difference. Coinstats XRP price vs Gatehub's

[Mac]

At time of posting:

Coinstats $0.71911

Last traded price @ Gatehub $1.446

Can anyone explain?

Edited March 21, 2018 by Mac
Addition to text

[Mmonriver]

I'll explain....

It's a difference of 0.7268

Sorry, I had too. I mean no offence.

[JohnJdeBoer]

Did not see that but what you saw on gatehub was probably not XRP-USD but another pair.

Right now XRP-USD is .686 and XRP-REP is .735.

As Gatehub is a low volume exchange, what could have happened is that someone bought at market which then increased the price for a short period.

 

 

[iddqd]

This is possible due to reverse rate  - not XRP/USD, But USD/XRP

Try to check price by dividing 1/1.446 = 0.6916

[Mac]

54 minutes ago, JohnJdeBoer said:

Did not see that but what you saw on gatehub was probably not XRP-USD but another pair.

Right now XRP-USD is .686 and XRP-REP is .735.

As Gatehub is a low volume exchange, what could have happened is that someone bought at market which then increased the price for a short period.

 

 

Ugh, I am such a knob. Thanks for leading me there. I was looking at the XRP:USD price rather than the USD:XRP price.

Thread closed. 

 

[Mac]

1 minute ago, mediator_mba said:

This is possible due to reverse rate  - not XRP/USD, But USD/XRP

Try to check price by dividing 1/1.446 = 0.6916

Yip, thanks