Ripple Surges to Become The Second Most Valued Cryptocurrency

[icoprofits]

A huge surge in buying interest of Ripple has taken the cryptocurrency at the number two spot on the crypto charts. Ripple has been on a crazy ride as the value of cryptocurrency has surged by a 100% in the past seven days itself..

Today, this altcoin has set one new record to its journey as for a time, the cryptocurrency’s overall market cap crossed that of Ethereum making Ripple as the second-most valued coin on the charts after Bitcoin. At this time, the market cap of Ripple crossed $73.5 billion leaving Ethereum behind who has been occupying the number two spot for quite a long time now..

One of the major reasons attributed to the surge in Ripple’s price over the past one month is the testing of Ripple technology by some Japanese and South Korean banks. Moreover, two-days back, Tokyo-based SBI Ripple Asia created in January 2016 – founded by Japanese financial services firm SBI Holdings and Ripple announced the formation of a “consortium” with some Japanese credit card companies to use the revolutionary blockchain technology..

Apart from Japan, a huge rush of investors to buy Ripple is seen on the South Korean cryptocurrency exchanges wherein the altcoin was also seen trading at a premium price over its value on other exchanges. While talking to CNBC about the future plans, Ripple CEO Brad Garlinghouse said: “We are going to invest in the ecosystem to both help accelerate the adoption of Ripple’s technology..

https://www.coinspeaker.com/2017/12/29/ripple-surges-become-second-valued-cryptocurrency-leaves-ethereum-behind/

[Nubitcoinerr]

Insane how ripple does not follow cryptos' price.

[HabBear]

Insane how ripple does not follow cryptos' price.

What do you mean by this statement?

Ripple is a cryptocurrency, the market sets a price for Ripple as it does every other cryptocurrency. Not all cryptocurrencies should rise and fall with each other. Each of these investments rises and falls independently as the market deems its value. What's telling is that all other cryptocurrencies are down, implying that people are selling other things to buy Ripple.

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[winchancer]

Insane are investors: Koreans and others which are the same people which made a mess of cryptos pumping its price
like 20 times in one year.
The ripple can't be compared to Bitcoin, it is not anonymous and it is controlled by a private company,
if they want they can ban your account and take your money.

[fo0tman]

Just amazing, though I think it's needing a correction. Will have to keep track of it for 2018 for sure. Many new improvements still ahead.

[avikz]

Yes! And all credit for that goes to bitcoin network. Increasing numbers of unconfirmed transactions coupled with insanely high fees fueled the growth of Ripple in last couple of days. Ripple is technologically much superior than bitcoin and people have started investing in big numbers it seems. If we can't find a solution to the bitcoin network issues, we will be doomed pretty soon. I was a long term investor of bitcoin, but yesterday I invested in Ripple seeing its growth. Recently I came to know that the testing of lightening network was successful on bitcoin network. We need to implement it soon to get back on track. 

[icanscript]

Insane how ripple does not follow cryptos' price.

What do you mean by this statement?

Ripple is a cryptocurrency, the market sets a price for Ripple as it does every other cryptocurrency. Not all cryptocurrencies should rise and fall with each other. Each of these investments rises and falls independently as the market deems its value. What's telling is that all other cryptocurrencies are down, implying that people are selling other things to buy Ripple.

XRP is a centralized coin. 70% of the emissary is in the hands of bankers. They can move the course to any desired side. Feeling the weakness of bitcoin, they decided to grab their piece of the market. But if they want, the rate will fall again.

[Bytem3]

Wierd how Ripple always stays up while market dips. XRP price still staying above $2.30 while Bitcoin drops to $12,000. It's a good coin to have in the portfolio!  

[LFC_Bitcoin]

Wierd how Ripple always stays up while market dips. XRP price still staying above $2.30 while Bitcoin drops to $12,000. It's a good coin to have in the portfolio!  

Just bought 200 XRP, it’s probably a load of crap but I just exchanged 2 LTC for BTC on Bittrex & bought 200 Ripple, worth a go.

[ricardobayes]

You are right about bitcoin issues.
Bitcoin Cash - BCH solves most problems with BTC. Low transaction fees, and larger block size means better throughput.
Even with Lightning Network, BTC's 1 MB block size is not scaleable for the future.

Yes! And all credit for that goes to bitcoin network. Increasing numbers of unconfirmed transactions coupled with insanely high fees fueled the growth of Ripple in last couple of days. Ripple is technologically much superior than bitcoin and people have started investing in big numbers it seems. If we can't find a solution to the bitcoin network issues, we will be doomed pretty soon. I was a long term investor of bitcoin, but yesterday I invested in Ripple seeing its growth. Recently I came to know that the testing of lightening network was successful on bitcoin network. We need to implement it soon to get back on track. 

[Master1781]

Take it with a grain of salt...

Unlike Litecoin and Bitcoin—both of which are decentralized digital currencies—Ripple is a highly centralized crypto-coin, controlled by its founding team, which doesn’t bypass the middlemen but actually empowers them.

Yes, Ripple is made for the banks to streamline their transactional costs, particularly for moving money across borders.

Wait, don’t get me wrong. I’m not here to bash Ripple. I’m only here to reason how anyone in their right mind could pick it over Litecoin. Unless, of course, they are the sheep being herded by the popular social media narrative.

That, right there, is a big red flag for any traditional cryptocurrency adopter who wishes for a universal, borderless, decentralized digital mode of payment.

This is why I find it absurd that some investors are thinking about moving their money from Litecoin to Ripple, completely forgetting that the former has emerged as the only reasonable alternative to fiat currency.

Yes, Litecoin even beats Bitcoin at its own game for being the cheaper and faster digital currency to transact in.

On top of that, it is much more transparent than most of its counterparts—some of which are believed to be nothing more than pump-and-dump schemes. It may be identified as a “crypto” currency, but it is much less cryptic than you think.

Litecoin’s founder, Charlie Lee, has a public identity and interacts with his followers. He’s available to answer questions and address any concerns that investors have.

On top of that, he just gave up his ownership of whatever Litecoins he held to get rid of any conflicts of interest. Just compare this to Ripple, whose founders not only control its supply, but also own about 10% of the coins.

My point is that investors shouldn’t forget that it is the “herd mentality” that has historically given birth to bubbles, and it is also what has later caused crashes.

To avoid such mishaps, it’s always best to invest in fundamentals, not fads. Fundamentally speaking, Litecoin seems to be the only good alternative to Bitcoin, at present.

[Anti-Cen]

Ripple is a much better protocol than BTC and proof of work was the biggest scam of all times
along with mining and has made big hardware manufactures rich from the CPU wars
it created and as you know by now that power wastage is also keeping big oil happy too.

Block-chain won't scale the way it as been implemented and this was cooked into the
cake from day one so lets not pretend that whats happening today was not predicted and
that anything else was ever planned.

We need a new system, old steam engine won't work in BTC regardless of playing with
block sizes and timing but the lesson people need to get is that a form of centralization is
needed but it does not me that we need to hand the keys over to bankers as is the case
with Ripple.

Adapt or die BTC and you can start fixing things by dealing with the crazy high transactions
fees and that can be done over night if the developers get there finger out from the banker bums

 

[Nikola95]

And it became second most valued cryptoccurrency. I think it will stay there for long time. It would be hard to destroy BTC, it's price can only pump. While ripple is going to hibernate for longer time when it reach some point. I think soon.

[coolcat86]

You are right about bitcoin issues.
Bitcoin Cash - BCH solves most problems with BTC. Low transaction fees, and larger block size means better throughput.
Even with Lightning Network, BTC's 1 MB block size is not scaleable for the future.

Yes! And all credit for that goes to bitcoin network. Increasing numbers of unconfirmed transactions coupled with insanely high fees fueled the growth of Ripple in last couple of days. Ripple is technologically much superior than bitcoin and people have started investing in big numbers it seems. If we can't find a solution to the bitcoin network issues, we will be doomed pretty soon. I was a long term investor of bitcoin, but yesterday I invested in Ripple seeing its growth. Recently I came to know that the testing of lightening network was successful on bitcoin network. We need to implement it soon to get back on track. 

And Bitcore even solves more problems compared to BCH
Check the comparison, it is crazy what Bitcore is capable of compared to BTC or any of its clones.
https://bitcore.cc/faq.php

[Anti-Cen]

I think it will stay there for long time. It would be hard to destroy BTC,

Fees gone up 100,000% in one year will destroy it without any outside help so forget gambling on the price
and look at buying porn, weed and then adding in an extra $45 in fees. Cannot test wallets with these fees

While ripple is going to hibernate for longer time when it reach some point. I think soon.

Are you sure your not just dreaming out loud because you present zero facts to substantiate this theory.

Transactions per second
BTC = 7
VISA =25,000
Ripple = Swift + more (Guessing 50,000)

Can you see the odd man out and that's before looking at fees
Like IBM and AOL, Bitcoin had the world and they are in the process of throwing it away

[kimochidesh]

It was really surprising for me to see ripple at such a surge in last few days. Most of the investors use to criticize it as it is pre-mined and controlled by bankers. It was one of the most disputable currency with people having a mixed opinion about it. In such scenario, it is really amazing to see such a sudden price hike in it.

[vincentong17]

XRP right now has a lot of community which i believe that it has good long term investment but if you're going to look at their project and fundamentals XRP is centralized and partnership of different banks is a good choice for now but i have one thing to say XRP shouldn't belong here coz cryptocurrency is what we call decentralize hope you understand what i'm saying..

[ihsanskanzaone]

I strongly agree that Ripple's price increase is very high even though the price is still far away with bitcoin but many Ripple investors have benefited more after investing in the coin. if this continues then I'm sure Ripple will be the coin that will compete with bitcoin because bitcoin prices also continue to fall.

[Master1781]

Also worth look for XML besides Ripple.