Monday, May 8, 2017

Ripple Overtakes Ethereum to Become Second Largest Crypto After Japanese Bank Consortium Formed

Ripple Overtakes Ethereum to Become Second Largest Crypto After Japanese Bank Consortium Formed

Rather unexpectedly, Ripple officially took over Ethereum by $200 mln in market cap to become the world’s second largest cryptocurrency with a total market cap of $8.5 bln. Over a 24-hour period, Ripple price recorded a 71.6 percent increase, while Ethereum price decreased by 6.85 percent.

Several cryptocurrencies including Ripple, NEM and Stellar Lumens experienced inorganic short-term price growth in the last 24 hours, each gaining 71.6 percent, 53.4 percent and 94.81 percent daily gains respectively.

Although Ripple has made significant progress in establishing strategic partnerships such as the recent addition of 10 new financial institutions including MUFG, BBVA, SEB, Akbank, Axis Bank, YES BANK, SBI Remit, Cambridge Global Payments, Star One Credit Union and eZforex.com, it is difficult to justify its 71 percent gain in such a short period of time.

Full story at http://bit.ly/2pZlhwz

Tweet This Story

 

 

 

Donation:
If you appreciate the things I share,
consider making a contribution no matter
how small via PayPal. If you use Bitcoin you can
send donations to my Bitcoin Wallet:
12pAsyMdZoTHPvkiRAZiuQhC8bF4DLbYpQ

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.