Digital currency ripple soars more than 30%, briefly becomes second-largest cryptocurrency by market capRipple surged more than 30 percent Friday to an all-time high, briefly surpassing ethereum as the second-largest cryptocurrency by market capitalization.
Officially called XRP, ripple climbed nearly 33 percent to a record high of $1.90 and traded near $1.81 Friday morning, according to CoinMarketCap. The digital currency briefly had a market cap of more than $71.8 billion, a few hundred million greater than ethereum at the time. The two cryptocurrencies vied for the second-place spot as prices fluctuated in morning trading.
Bitcoin remains the largest digital currency by far. It has a market capitalization of roughly $241 billion, accounting for about 41.5 percent of the total cryptocurrency market cap tracked by CoinMarketCap. Ripple accounted for about 12.4 percent, while ethereum was around 12.3 percent, the website showed.
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https://www.cnbc.com/amp/2017/12/29/ripple-soars-becomes-second-biggest-cryptocurrency-by-market-cap.html