Ethereum Takes Over Ripple With Ease $16 Billion Market Cap
Ripple’s impressive rally didn’t last long and its market cap quickly fell from around $16 bln to $13 bln in less than a week. Ethereum took advantage over Ripple’s instability and took over XRP to reclaim its spot in the rankings as the second largest cryptocurrency or crypto asset, behind Bitcoin. The fierce competition: Ethereum vs. Ripple. Over the past five months, Ethereum and Ripple have been fiercely competing with one another to secure the position of being the largest altcoin in the market. Ripple has been aggressively marketing its partnership with leading banks such as BBVA and....
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One thing that has emerged that could influence the XRP price has been the possibility of Ripple carrying out an Initial Public Offering (IPO). This would mean that shares of the crypto firm would become publicly tradable like that of Coinbase’s COIN stock. However, even more prominent among investors is the possibility of how high the price of the shares could trade. Financial Expert’s Ripple Video Resurfaces The rumors had first begun with some members of the XRP community talking about a possible IPO. Like rumors are wont to do, it quickly took on a life of its own and grew from there.....
Ripple has bought back shares from its Series C funding round, which raised the company’s valuation to $15 billion, according to CEO Brad Garlinghouse. He added that despite the lawsuit by the U.S. Securities and Exchange Commission (SEC) over the status of XRP cryptocurrency, Ripple had the best year on record.
Ripple’s $15 Billion Valuation and ‘Best Year on Record’
Ripple CEO Brad Garlinghouse announced via Twitter Wednesday that Ripple has bought back its Series C shares at a $15 billion valuation.
The CEO described that....
While considering the Global Sports Market Opportunities and Strategies Report 2021, issued by Yahoo Finance, it is reported that the global sports market is forecasted to reach $599.9 billion by 2025, and as COVID-19 lockdowns ease further, $826 billion by 2030. Much of this is attributed to esports, sponsorships and ease of access, as well […]
While the recent buzz on Bitcoin and Ethereum has gone cold as of late, Ripple has quietly been making quite a run within mainstream circles. Making fast friends within the banking industry of late, Ripple is starting to make an impact and may offer a future alternative to established global trading icons like SWIFT. However, something happened Monday morning that has never happened before in the history of Ripple. Here what we know so far. Trading doubles within a half an hour. According to CoinMarketCap, Ripple has reached a new all-time market capitalization high in early Monday morning....
Ripple is reportedly trading at a $2 to $3 billion valuation but its XRP holdings are worth around $70 billion. The equity of Ripple, the company that builds the infrastructure around XRP — the digital asset used by networks like RippleNet to process cross-border payments — is reportedly trading at $2 to $3 billion in the secondary market.Yet, the XRP holdings of Ripple, are reportedly worth $70 billion, which is many times higher than the valuation of the firm's equity.Returns over last year... Cardano $ADA: +3,290% BinanceCoin $BNB: +3,058% Polkadot $DOT: +1,353% Ethereum $ETH: +1,171%....