XRP Price Rise Gives Ripple $500 Million Market Cap

XRP Price Rise Gives Ripple $500 Million Market Cap

Recently, Ripple-the electronic payment protocol-has experienced a market cap surge due to an increase in the price of its native currency, XRP. Despite CCN's predictions, the XRP price has continued to march in the right direction. During the past month, the XRP price rose more than 200%, expanding Ripple's market cap and leaving litecoin in the dust. Now, Ripple has moved past Litecoin in CoinGecko's comprehensive cryptocurrency rankings, indicating that Ripple's market cap placement is well-deserved. Also read: XRP Price Rise Solidifies Ripple as Crypto's #2 by Market Cap. XRP Price....


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XRP Price Rise Solidifies Ripple as Crypto's #2 by Market Cap

Photo by _Mo. The XRP price has trended upward over the past few months, which vaulted Ripple up the market cap charts (XRP is the Ripple platform's native currency). Thus far, the XRP price has avoided entering a cooling-off period. It may be time to certify Ripple as cryptocurrency's #2, at least by market cap. Also Read: Ripple Labs Cracks U. S. Banking with New Deal. XRP Price Rise Solidifies Ripple as Crypto's #2. In late September, Ripple passed Litecoin for 2nd-place on the cryptocurrency market cap charts. Since then, Ripple has widened the gap between the two cryptocurrencies to....

Ripple Value Explodes, Accused of Being Artificially Pumped

[Update: It has been found that Ripple have been experiencing a huge inbound money from companies all around the world, thanks to one of our readers. As for now, the accusation mentioning it to being artificially pumped stand nowhere.]. If the figures available at CoinMarketCap.com are to be believed, Ripple value went through a whopping 30% surge in between the November 26th and 27th trading session. The sudden price explosion helped Ripple to solidify its number two position, in terms of overall market cap. At press time, the approximate gap between the Ripple and Litecoin's market cap....

Ripple Labs Nears Close of $30 Million Funding Round

Ripple Labs, the company behind the Ripple protocol and the Codius smart contract platform, is close to finalizing the deal on a new $30 Million USD funding round. Wall Street Journal's Venture Capital blog reports that it has received confirmation from Ripple labs that it is working on closing the deal for its Series B funding round. According to their analysis, the deal would give Ripple Labs (RL) a post-money valuation of $100 million. This valuation stands in contrast to the apparent market valuation of XRP, the token which fuels the Ripple protocol. The company's primary value comes....

Weekly Altcoin News Update: Ripple Price Recovers and Ethereum Sale Update

Welcome to the CryptoCoinsNews weekly altcoin news update, where we examine important altcoin stories that have gone under-the-radar. This week's issue examines the recent Ripple price rise and the astounding early success of the Ethereum project's Ether sale. Ripple Price Recovery? The Ripple community has undergone significant turmoil over the past several months. In addition to speculation about internal dissension at Ripple Labs, the community endured a significant price decline after co-founder Jed McCaleb announced he was selling his entire XRP holdings. Within 48 hours of McCaleb's....

Ripple Price Rebounds After CEO Pledges 7 Billion XRP Donation

The price of XRP is on the rise again following the resignation of a key Ripple Labs board member and subsequent charitable commitment by its CEO Chris Larsen. Late last week, Kraken CEO Jesse Powell resigned from the board of the San Francisco-based payment network provider. However, the decision also returned attention to a long-contentious issue surrounding the company, the allocation of large portions of Ripple's native currency - XRP - to founders. As a result of the decision, Ripple Labs CEO Chris Larsen has committed to donate large portion of the digital currency he owns to a....

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Bitcoin will do to banks what email did to the postal industry.

Rick Falkvinge, IT Enterpreneur, Politician. Founder of the Swedish pirate party