Ripple’s XRP has grown by 50% during the night, becoming the world’s second largest cryptocurrency by market cap.
According to CoinMarketCap data, it was 04:00 last night. Ripple, which went up to $2.85 around 00:00, grew more than 50% in 24 hours, but this price dropped a bit and is now down to $2.32.
As of now XRP, the world’s second largest cryptocurrency, has literally had a great month. Starting December at $0.25 level, Ripple has grown by 700% in a month.
Awesome Last December for Ripple
Ripple has managed to achieve good rises several times in December.
One of these spikes was the definite surge XRP experienced in mid-December. With the news that Ripple has completed the cryptographic locking of the tokens, investors reacted to this news and Ripple grew by more than 90% in 24 hours, reaching the level of $ 0.87.
A week after this rise, Ripple saw an increase again.. With its steady momentum and heavy trading from Asia, Ripple hit $1.24.
XRP’s price surged again earlier this week.. Tokyo-based SBI Ripple Asia announced the formation of a consortium to explore how distributed ledger technology could be used in payment cards, and the price of Ripple rose to around $1.50. He said that his priorities in the money industry are starting to change and Ripple is also benefiting from these changes. He said that they did. it was like a throne. The market cap, which was almost $ 17.7 billion at the beginning of the year, is now around $ 600 billion.
According to Rupsys, new investors entering the crypto money industry focus on the profit they will achieve, not the decentralized and anonymous business, which is Ripple’s.
Is This Time Permanent?
According to CoinMarketCap data, Ripple once again surpassed Ethereum and ranked second in May.
Completing 2016 with less than 1 cent, Ripple was able to see even the $1 mark only last week, but it exceeded the $2 level yesterday, thus increasing its percentage in 2017. It has grown by 34,700.
As of now, Ripple has a market cap of $91.5 billion while Ethereum has a market cap of $69 billion. Ripple surpassed Ethereum in May, but this was a temporary situation. This time, we will see if Ripple will take the second largest cryptocurrency seat permanently.
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