Ripple Just Overtook Ethereum, Becoming The Second Largest Cryptocurrency By Marketcap
With a market cap - at the moment of writing - of more than $76 billion, Ripple just became the second largest cryptocurrency in the world.
I confess I am a bit surprised, I somehow expected Ethereum to always be there, on the second spot, riding the wave of the ERC20 tokens it hosts. Guess what, it isn't.
Following a sharp appreciation of almost 35%, Ripple is now trading at $1.99 and its market cap is $4 billion higher than Ethereum's.
Well, that's just another proof that in the crypto world anything is possible.
Anything.
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I had a gut feeling about this , never ignore your gut feeling
mee too bought some a few weeks ago and am not regreting
IMHO, Ripple's rise is a result of new investor consensus saying "oooo look, cheap coin = most growth potential", which is never a reason a coin should be invested in. While this event is defintely proof that anything is possible in the crypto world, I'm not so sure that's a good thing.
That remains to be seen. Market is always right :)
it also as a result of korean and japanese banks who have agreed to join the ripple blockchain that is pushing the value up. and more are rumored to follow, ripple is starting to make its mark on the banking world
Issue is that the banks don't need XRP (the token) to benefit from Ripple (the project)
This is insane and it keeps on going! Does not seem very healthy though..
I havent jumped on ripple because of the insider natre of the coin. That has been a big mistake so far!
I think the Ripple is showing us what STEEM can do Once we get past $4.00 again.....UP UP and AWAY !!! @dragosroua ........I don't own any Ripple Currently.
Me neither, but that's not a reason not to enjoy this shift :)
If banks can't beat bitcoin it shall join it by using another crypto. And it dam close! :(
It at a 100 billion dollar market cap!! This has reduced bitcoin dominance by 10%! Ripple came out of nowhere and it so close to bitcoin market value.
Well ripple has the support of the banks.
What's the market cap of Ripple? Is it 39Bn X $2.70 or 100Bn X $2.70, because all the coins are already created and 60% of it is held by RippleLab or few individuals
If you think about it, it is the only crypto that did not suffer big drops when the bitcoin collapsed, I imagine that many people protected themselves in it. without counting that her fees are one of the lowest
Ripple trolled me so hard. I had a bunch when it was $0.25 but it never went anywhere...... not for like 6 months. So I finally let it go.
Ouch!