Ripple Ramp Continues - 2017's Best-Performing Crypto Is Up 30% Already In 2018
Content adapted from this Zerohedge.com article : Source
After gaining over 36,000% in 2017 - the best-performing crytocurrency, Ripple is soaring again today (after a brief dip yesterday) to $100 billion in market cap and up 30% year-to-date for 2018.
While Bitcoin grabbed many headlines - testing $20,000 - in percentage terms it never came close last year...Ripple, the centralized bank-focused digital currency, claimed the gold medal with a staggering 36,018% return over the past year.
And despite a very modest drop yesterday - after Peter Thiel Bitcoin headlines - Ripple is now up 30% for 2018...
And as Bloomberg notes, Bitcoin alternatives are closing the gap with the market leader after names like stellar and cardano became red hot as 2017 was closing.
The biggest cryptocurrency's share of market value has fallen to a record 36 percent from 56 percent a month ago, according to CoinMarketCap prices for coins and tokens.
"The altcoins today, in large part, are not trying to be bitcoin competitors," said Lex Sokolin, global director of fintech strategy at Autonomous Research LLP in London. "They are doing something else entirely -- ethereum as a smart-contracts platform, iota as a machine-economy token, ripple for interbank payments, and so on." How each is used "should become increasingly relevant as the novelty of crypto wears off."
Mike McGlone, a commodity strategist at Bloomberg Industries, warned "when the frenzy subsides, 2Gs should continue to gain on bitcoin, which has flaws and where futures can be shorted," in a note last week. "Ethereum appears prime to assume benchmark status, though bitcoin forks ripple and litecoin are the primary up-and-coming contenders."
36000% is the highest increase I have ever heard for any financial gain! Anyone know of ANYTHING that has had a faster rise? I unfortunately didn't own any : (
Ripple is the biggest scam you can see in the crypto world. It should be dumped now or you will lose a lot of money. The coin has not value, the company is making money using the technology and selling proprietary technology to banks. It has nothing to do with Ripple coin you are buying in market.
That's what XLM is for. I bought a bunch when it dipped yesterday and I'm already up about 15%
I agree that Ethereum will gain more importance in 2018 and it can run up. Also, one should keep an eye out for EOS as a competitor for Ethereum. It is way better in terms of scaling and handling larger transactions.
Good article, good analysis... i think bitcoin gold will be 1000 dollars until april.
i can't imagine people actually started investing in the fed coin
massive run up for xrp,, sadly sold it early and bought ltc on the dip
the timing ... RIP
It's interesting bitcoin isn't even among the top 10, bitcoin was making almost all the news everyday, from it's low price at the start of the year towards sept and nov when it got the most attention. Unfortunately it lost it towards the christmas and until now we are just waiting.
Ripple has been good though i had invested less in it.
Thanks for stats, will pass by again for more.
People want gains and bitcoin can offer them at the moment. Everyone wants to 10x his money. Kind of understandable with the bull run we are seeing.
P.S.I just finished writing a similar post.
You can check it out here
Would you recommend investing in stellar right now?
Up 54% today ... u might've missed the boat on that one .. or who can say .. you could wait on a correction to get in.
It was so interesting to read.