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Author Topic: [2017-12-29]Digital currency ripple soars more than 30%, briefly becomes second.  (Read 45 times)
PX-Z
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December 29, 2017, 03:23:47 PM
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Digital currency ripple soars more than 30%, briefly becomes second-largest cryptocurrency by market cap

Ripple 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.

Source: https://www.cnbc.com/amp/2017/12/29/ripple-soars-becomes-second-biggest-cryptocurrency-by-market-cap.html
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Taki
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December 29, 2017, 03:35:09 PM
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Ripple is on the talk all this year and it has made a break finely. I think it will repeat the YOTA"s jump few days ago, till 5$ and then stabilize around 3$.
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December 29, 2017, 03:52:30 PM
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Ripple is on the talk all this year and it has made a break finely. I think it will repeat the YOTA"s jump few days ago, till 5$ and then stabilize around 3$.

Oh, same thought with you. Based on the current movement trend, it's very likely for Ripple to reach $5 during the first quarter of 2018. After that, it's going to stabilize around $2.5-$3, depending on the market demand. In the meantime, I will keep hodling my Ripple. Let's take the moon ride together  Grin

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December 31, 2017, 06:17:18 AM
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It was absolutely going to blow up because they announced a lot of partnerships that are going to continue a lot more in 2018 while Ethereum which only have their successful CryptoKitties which is a big joke.
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December 31, 2017, 11:32:02 AM
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Okay, guys, could anyone explain to me in simple terms what's the difference between Ripple and Tether apart from the fact that Ripple doesn't claim their coins are backed up by real dollars? As far as I can see, they are essentially the same thing doing the same stuff, which can be loosely called private money. What am I missing in this picture if anything?
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December 31, 2017, 02:04:15 PM
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The problem with Ripple is that even if the Ripple bull case
would occur that it wouldn´t really translate to an increased value of the
cryptocurrency XRP.

Ripple´s long term plan is to convince banks to replace the current
SWIFT system with Ripple´s system. However, XRP aren´t really included
in this scenario and are merely a separate product of Ripple.

Therefore I´d be cautious with investing in Ripple.
Do your research before buying XRP.
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