Ripple Passed a Dollar
Ter the cryptocurrency spel, it can seem spil however Bitcoin rules all, but other cryptos are finding success spil well. Te the most latest news, the fourth-largest cryptocurrency just kassucces a major milestone Ripple passed a dollar for the very very first time.
According to CoinMarketCap gegevens, the price of Ripple’s XRP token peaked at $1.37 on Dec. 22, tho’ it has since fallen to $1.16 at the time of this writing. This news is on the tail end of Ripple’s latest successes, both ter rising almost Four,000 procent ter value ter its 2nd quarter and te being added to the Bloomberg Terminal.
Crypto market capitalizations spil of a few months ago. Pic Credit: Wikimedia Commons.
Rising above a dollar might not seem like a big overeenkomst, especially compared to Bitcoin’s current value (at the time of writing) of $15,140. But, while Bitcoin has had a remarkably meteoric year, the success of Ripple and its XRP token is both awesome and significant.
Thesis most latest price increases seem to be driven specifically by markets ter Asia, according to CoinDesk. Within the South Korean exchange Bithumb, trading volumes enhanced by almost a whopping 25 procent te the 24 hours surrounding Ripple’s surge. Additionally, Bitfinex, a Hong Kong-based exchange, spotted trading volumes grow more than Ten procent.
Ripple’s latest achievement make it a more serious contender te the cryptocurrency market. It cruised right past litecoin te terms of market value, and it could proceed to rise ter value and popularity. Additionally, Ripple’s market cap stands at $41 billion, which is also a record high.
Ripple’s success is a success for all cryptocurrencies and the future of crypto. Primarily, even heavyweight contenders like Bitcoin were, and sometimes still are, dismissed. But many who primarily skeptical of Bitcoin are now watching value ter the cryptocurrency market and the true potential that it has not only to make money for investors, but to revolutionize transactions if, ter the future, our finances run on a blockchain.
Disclosure: Several members of the Futurism team, including the editors of this chunk, are individual investors ter a number of cryptocurrency markets. Their individual investment perspectives have no influence on editorial content.