Ripple, also known as XPR, is the third largest cryptocurrency in terms of market capitalisation – which refers to a company’s outstanding shares.
The cyber-currency currently has a market capitalisation of $95.6billion.
Ripple rose by 60.4 percent when all other major players dropped.
And this year has seen ripple rise from 0.6 cents per coin to $2.50 per coin at the end of it.
Ripple to OVERTAKE bitcoin?
One big factor that helped boost ripple was on the same day the Japan Bank Consortium, a coalition of 61 Japanese financial institutions launched a new cross border payment trial with two of South Korea’s largest banks. This was organised by SBI Ripple Asia.
SBI Ripple Asia is an Asia-Pacific partnership of ripple and SBI Holdings and was formed in 2016.
SBI Ripple Asia said it has entered into partnership agreement with some of the leading Japanese credit card companies, including JCB, Sumitomo Mitsui Card and Credit Saison.
Read more: express.co.uk
Thank you for reading!
Don't forget to upvote, resteem and follow me for more content & contest
Tradingview, https://www.tradingview.com/u/Tradewonk/
Instagram, https://www.instagram.com/tradewonk/
Or any of my other social media channels. Please consider getting your
free account here on Steemit.
"Join the adventure and be inspired." - Tradewonk
Or is Ripple being pumped to suck up supply of BTC and ETH from unsuspecting holders of a real and limited supply coin only to have an unlimited supply of XRP created? Its a shit bankers coin and I don't trust it for one second. People buying in here are going to take it in the shorts.
I'm also not a big fan of the coin, but i think it will be massive, also because it's the banks choice. I'm pretty sure it will beat bitcoin in not long. I think it's a good investment.
I agree with your opinion and I believe that any coin who is solving some problem is the best. At this moment XRP, IOATA and EOS looks prominent. They have some solution for the real problem.
well said
I bought 9 ripples just to see...if it shoots to 10 or even 5 $ am selling
New trader here. Im trying to make sure i understand your comment. You bought ripple at 2.50. Now you hope to sell it back to get a bigger return?
hey! No, I bought it at around 1.60 so I spent around 16 dollars...I don't care about ripple but if I can make 50 or even 10 i will...It all depends at what price it will open on the exchange...
I’ve been researching coin trading and that was the first piece of info I got was what ripple was for. And to see this possibility, I though really why ripple. Lol
no one competes with bitcoin...no one!! :P
Only matter of time :-)
The growth rate of Ripple's capitalization is simply amazing. Perhaps, this is the main competitor of bitcoin for leadership at the moment. Good luck to you.
I think only matter of time, it will be bigger than bitcoin
Ripple will absolutely beat everything in the long run! it seems to rise and steady out for a day or two then start the ripple effect again! Thanks again for your post @tradewonk look forward to your next as usual!
Same thoughts here
Xpr It's steady, the price soaring so quickly beat the digital currency 😎😎😎
yup :-)
The success of this cryptocurrency is reflected in its rise in value compared to all the other cryptos in recent days
I think next month ripple will surprised all coin holders. Just wait and see. Thanks for sharing.
2018 will be big for ripple.
ripple will be dumped hard when people realize it is a government controlled token...or shall I say "tAken"
It will really be massive .
Great post.
Ripple is not a crypto currency , it should not be in coinmarketcap !
It 's centralized, its unique purpose it's transfert, it's not a currency !
Someone change Fiat to xrp transfert then change Xrp to Fiat...
So at the end nobody hold XRP, it's instant buy and sell !
There's too many issues with Ripple to overtake BTC
Centralized with 60% coins owned by Ripple owners
Ripple COULD freeze all coins if they chose to because they essentially control them...google it
Ripple has too many coins versus the 21 million ( minus about 4-6 million 'lost coins) that BTC has
Bitcoin is Gold 2.0 and the lightning network will solve a lot of issues it has. Bitcoin is here to stay at least for the next year.
Check out my blog too I followed u
Cheers and happy new years crypto nation!