RIPPLE +56%. The second best Cryptocurriencies

The ripple of the digital currency rises to almost 56%, becoming the second cryptocurrency by market capitalization

Officially called XRP, the ripple rose 55.9% to an all-time high of $ 2.53 on Friday afternoon, according to CoinMarketCap.

The digital currency has a market capitalization of $ 86.3 billion, exceeding $ 73 billion of ethereum, according to the website.

The start-up owns 61% of the existing 100 million XRPs. At Friday’s record prices, which gives Ripple some 136 billion dollars in digital currency.

The ripple rose by almost 56% on Friday to a historical high, surpassing the ethereum as the second cryptocurrency by market capitalization.

Officially called XRP, the ripple rose 55.9% to an all-time high of $ 2.53 on Friday afternoon, according to CoinMarketCap. The digital currency has a market capitalization of $ 86.3 billion, exceeding $ 73 billion of ethereum, according to the website. Previously, the two cryptocurrencies contended for second place while prices fluctuated in morning trading.

Bitcoin remains by far the largest digital currency. It has a market capitalization of about 247 billion dollars, equal to about 41% of the total cryptocurrency market monitored by CoinMarketCap. Ripple accounted for about 12.5 percent, while ethereum was around 12.1 percent, the website showed.

Six major cryptocurrencies for market capitalization

 

Source: CoinMarketCap

The CoinMarketCap charts show that the ripple has risen above ethereum in second place in May. But at that time the ripple was worth only about 36 cents.

The digital currency closed 2016 at less than 1 cent and exceeded $ 1 just last week, before jumping above $ 2 on Friday afternoon. Ripple has increased by over 34.700 percent this year.

Ethereum rose about 2% to $ 753.57 on Friday afternoon, with a market capitalization of about $ 72.8 billion, according to CoinMarketCap. Bitcoin is trading slightly higher, close to $ 14.475, according to Coinbase.

Ripple is officially the name of a San Francisco-based startup that uses blockchain technology to develop a network of payments for banks, digital asset exchanges and other financial institutions. Participants in the network use a digital currency called XRP for transactions. The cryptocurrency has a settling time of four seconds, against more than two minutes for ethereum and over an hour for bitcoins, according to the Ripple website.

The company said that more than 100 financial institutions use its network. In recent weeks, some South Korean and Japanese banks have been testing Ripple systems for cross-border payments, according to the company.

  1. The start-up owns 61% of the existing 100 million XRPs. At Friday’s record prices, which gives Ripple some 136 billion dollars in digital currency.

Source: CNBC



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