Ripple Spikes 50% as Bitcoin Lifts Smaller Altcoins
From Hacked
Ripple spiked to new highs on Wednesday, as altcoins followed bitcoin higher in the wake of CBOE’s successful futures launch.Read more: https://hacked.com/ripple-spikes-new-highs-amid-broader-crypto-rally/Ripple (XRP/USD) shot up to 0.4442 on Wednesday, which was a new all-time high for the altcoin. Prices were last seen hovering at 0.3651 for a gain of roughly 50%, according to CoinMarketCap.
At present values, the XRP market is capitalized at $14.7 billion. Trade volumes over the past 24 hours exceeded $1.7 billion. South Korean trading desks were responsible for the lion’s share of the turnover, with XRP/KRW transactions on Bithumb accounting for roughly 30% of the transactions. Coinone, another South Korean exchange, turned over nearly 8% of the transactions.
Ripple benefited from a broad upswing in the cryptocurrency market on Tuesday as bitcoin rose above $17,000. The global cryptocurrency market is currently valued at roughly $488 billion. Bitcoin now accounts for less than 40% of the daily turnover. Ripple is down at nearly 5%, which is enough for fifth in volume terms.
Ripple never has these spikes when I hodl it :( I'm an XRP chump that always seems to lose out while holding it.
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thanks for this wonderful update and great to see your post
It's a good day to be an Ethereum miner too!
"Ripple XRP is a Death Star Alt-Coin and all the other coins are Alderan." -Junius Maltby December 2017
As a Ripple investor I am glad to see the price is really shooting up! Hopefully we will see more growth like this.
RRipple chump here. Literally sold off @ 24.6 right before it shot up. We all have stories like this but this was my first. Man- fcuk that.
Nice to see the ripple price rising, been holding on for a while now just watching it around the $0.20 mark. Hopefully it can keep its position and keep going up like it deserves.
Nice post. shared :)
I really need to buy more xrp. I currently only hold ~40 xrp which is not a lot. If it continues to rise like this before my allocated amount of my next payday can go into xrp, I'm going to be so sad.
I have faith that Ripple will reach new heights next year. A lot of sources say it may reach $2.00 by the end of next year but I’m hopeful that it will surpass that!
Almost 100% spike now doubling up our investments. So happy to see Ripple moon :D
Here are the other reasons why I think ripple rallied.