Ripple overtakes Ethereum as the second largest cryptocurrency
After a period of tremendous growth, the banking-oriented cryptocurrency Ripple has overtaken Ethereum and is currently the second largest coin in terms of market cap behind Bitcoin.
Ripple's price rose 42.7 percent in the last 24 hours alone according to CoinMarketCap, with its market cap surging to $73.6 billon.
SEE ALSO:2018 will be the year of Bitcoin's rivalsThis is the first time a cryptocurrency has overtaken Ethereum since May 2017, when Ripple quickly surged in price before cooling off at the end of the month.
There's no clear reason behind Ripple's most recent price surge. The cryptocurrency's technology, which is fundamentally different from Bitcoin and is designed for fast and secure global financial transactions, was recently tested by Japanese and South Korean banks.
Other cryptocurrencies have had a mixed day; Bitcoin hasn't moved nearly at all in the last 24 hours and is currently trading at $14,402; Ethereum rose 2.8 percent to $733.4; Bitcoin Cash fell 7.9 percent, to $2,393, and Litecoin dropped 4 percent and is currently trading at $241.
Ripple's price growth in 2017 has been absolutely insane, even by cryptocurrency standards. You could've bought one Ripple for $0.0065 on January 1, whereas the current price is $1.89, a 29,000 percent increase.
Disclosure: The author of this text owns, or has recently owned, a number of cryptocurrencies, including BTC and ETH.
Featured Video For You
People are spending millions on virtual CryptoKitties
(责任编辑:资讯)
- SCOTUS: The courts implementing Project 2025, without Trump.
- This good corgi was fat
- “雅安好人”故事汇——助人为乐好人
- “潮”老人的“潮”生活
- Weather update for second Pak vs Ban second Test match day one
- SpaceX Polaris Dawn mission: How to watch the launch
- Another nor'easter set to cripple travel, trigger thundersnow
- Infinium's electrofuels: An instant zero
- Trump, Kim chat over lunch of beef short ribs
- Apple Watch bands: 5 favorites to consider as Apple Watch 10 looms
- Watch Series 9: Apple's last
- 雨城工商践行党的群众路线 上门服务促进发展
- CES 2024: 5 car trends we're expecting to see
-
I went to an offline dating event for singles. Here's how it went.
It's a Wednesday night in south-east London and dozens of intrepid young single people are sitting c ...[详细] -
改造中的雅州廊桥国道318线施工现场北纬30度公园应急避难场所)施工现场 雅州廊桥上搭建整齐的施工架 市区陆家坝道路改造工程施工现场 市社会福利院经灾后维修加固后,面貌焕然一新 雅安日报讯5日,记者从 ...[详细]
-
Best smart home deal: The Echo Show 8 is on sale for a new all
SAVE $60: As of Dec. 28, the Echo Show 8 (3rd gen) is down to just $89.99 from $149.99 at Amazon. Th ...[详细] -
Suspected bird flu case discovered in South Chungcheong region
Birds that may have been infected with avian influenza were discovered in South Chungcheong Province ...[详细] -
13 Places to Find Little Legends and Compact Cryptids
Many of the creatures from folklore or urban legends are large creatures that roam through forests o ...[详细] -
市民正在量贩式零食店挑选零食 近日,一种新形式的零食店出现在雅安街头,这些零食店通常铺面较小,装修风格可爱,几十种甚至上百种零食都可以论斤卖,引来不少“尝鲜”的食客。从超市专柜到量贩式的销售方式,不仅 ...[详细]
-
CES 2024: The Clicks iPhone keyboard case reminds me of my old BlackBerry
Today's phones are zippier, larger, smarter, and more powerful, arguably making them better than the ...[详细] -
2014年第一季度“雅安好人”评选活动中,共有20人(队)荣登2014年第一季度“雅安好人榜”。4月19日,本报刊登了第一期“雅安好人”故事汇,今日本报继续为大家讲述“雅安好人”的故事。 编者“4·2 ...[详细]
-
Naver, Kakao strive to combat deepfake porn spreading online
(Getty Images Bank)The rise of explicit and nonconsensual deepfake pornography illegally being share ...[详细] -
Dating app Bumble's logo added to L.A. Clippers' uniform in new deal
Bumble is swiping right on the L.A. Clippers.The National Basketball Association team, owned by form ...[详细]
- 21 Unexpected Wonders in Colorado’s Vibrant Cities and Small Towns
- Missing Korean student found dead on Wapping Beach in London
- Calvin Harris uses someone else's birthday to remind you he works out
- Bose QuietComfort Ultra earbuds deal: Save $50 at Amazon
- To Russia, with Love
- “雅安好人”故事汇——助人为乐好人
- TEDxBrussels censors presenter mid anti