Ripple Hits New High as No 2. Cryptocurrency Tops 100-Percent Weekly Gain

Investing.com - Ripple's recent surge continues,
The cryptocurrency broke the $2.50 level Wednesday, another new all-time high.
Ripple's currency, the XRP, is up more than 100-percent in the last week alone..
The XRP has gained some 39,000 percent in value over the past year, dwarfing gains by Bitcoin and other top cryptocurrencies.
It also recently overtook Ethereum as the second highest market cap among digital currencies. On Wednesday, Ripple hit $106 billion, according to CoinMarketCap.com.
Analysts say Ripple is attracting attention because its blockchain technology is being looked at for use in cross-border payment systems among financial institutions.
In particular, it is working with American Express (NYSE:AXP) and Banco Santander (MC:SAN), as well as Japanese credit card companies.

Take Advantage of the New Cryptocurrency Economy - HODL!

Yes, you read that right, hodling. This is the practice of holding on to a long-term investment without giving in to the urge to sell, it is misspelled deliberately for dramatic effect to mimic an investor frantically trying to type the word “HOLD!”

If you plan to join the legion of cryptocurrency "hodlers", the stepping stone should probably be the "Blue Chip" of cryptocurrencies, which is the Bitcoin of course - With a market cap far exceeding any other cryptocurrency, Bitcoin Hodling is the way to go.

Many cryptocurrency investors claim that they have made more money from holding onto an investment long term instead of trading. It might be best for everyone to just HODL the cryptocurrency, and only trade if you have previous experience, trading is not for noobs