Ripple reached $3 and 1/2 capitalization of bitcoin

Ripple reached $3 and 1/2 capitalization of bitcoin

Ripple (XMR), now the second largest cryptocurrency by market capitalization, continued its recent rally, crossing the $3 per coin.

At the time of writing, according to Coinmarketcap, Aldon traded at an average of $3,75.

The value of Ripple has increased by almost 49 000% over the last twelve months. Cryptocurrency last week has overcome a mark in $2. From 27 December the increase amounted to 130%.

See also Forecast the price of Ripple to 2018 (updated version)

This has strengthened the position Ripple as a cryptocurrency, the market capitalization which amounted to $145 billion, accounting for half the market capitalization of bitcoin.

What is Ripple?

Ripple is focused on banks, a centralized cryptocurrency, and blockchain-based solution for conducting international payment transactions at the enterprise level. Adding coins on the price of the Bloomberg terminal in mid-December may have been the impetus for such rapid growth.

The recent “cryptocurrency fever” in the South Korean market, which was almost half of the trading volume in Ripple on several cryptocurrency exchanges of the country, also contributed to the growth Aldona.

The growth of altcoins

Investors and supporters of the cryptocurrency acquire other altcoins, causing the growth rates in the top 30. They showed good growth Cardano (ADA) and Stellar (XLM), which jumped more than 30% for the day. Status (SNT), which in the last 24 hours has increased by 100%.

Meanwhile, January 3 BTC dominance (percentage of total market capitalization) reached a new record low at 34.6%.

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