A week after the value of Ripple's native XRP token topped $1 for the first time in history, the cryptocurrency surged again today, rising 34 percent.
At press time, the token, used for transactions on the San Francisco startup's RippleNet cryptocurrency network, reached $1.87, a figure that was nearly double its listed price last week, data shows. The price rally arrived after a long period of inactivity in the market, which had held steady at $0.20 over the past six months.
As a result, the market capitalization of XRP is now catching up with those of ethereum and bitcoin, according to data site CoinMarketCap. XRP is now the third largest cryptocurrency by market capitalization, with the value of its combined token supply now $72 billion.
Read More:
https://www.coindesk.com/ripple-now-the-third-largest-crypto-by-market-cap-after-price-rally/
