Sudden Surge in Ripple Trading Drives Market Cap by $14 million
Ripple witnessed a sudden increase in demand earlier today, leading to over $14 million increase in its market capitalization within hours. In quite an unusual event, the Ripple’s platform native cryptocurrency witnessed a 197% surge in its market capitalisation and price. As per the data available on multiple trading platforms, Ripple coin marked a lightning bull rally, and surged from $0.007626 to $0.008017 within only one hour. The cryptocurrency’s market cap, in parallel to the price, increased from $32.5 million to more than $5.28 million. The event, which appears to be heavily....
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[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....
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....
Ripple has reached an all-time high in market capitalization, according to CoinMarketCap. Ripple’s CoinMarketCap chart threw up unexpected numbers this morning. Whether an error or a rabid surge, Ripple registered an explosion in market capital early Monday morning (GMT), scaling from $270 million to $1.2 billion. Trading volumes have more than doubled to over $8.7 million. A look at the listed markets shows an entry, Ripple Gateways, driving the trading. Notably, it was buying XRP at a price of nearly $0.045 (now down to $0.039 at the time of publishing). An observer on Reddit pointed to....
Even by cryptocurrency's often exaggerated market standards, the price of XRP has been on a tear of late. The cryptocurrency that powers the distributed Ripple Consensus Ledger, a business-focused distributed ledger technology platform developed by San Francisco startup Ripple, has surged more than 1,000% over the last 30 days, reaching a new all-time high on 2nd April. But what's the reason for the sudden surge? So far, markets have been left to speculate, watching as the wider cryptocurrency markets have seen new volatility. Yet, Ripple is now weighing in on the market activity, arguing....
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....