A lot of cryptocurrencies have been taking a break this week, being ‘idle’ in terms of changes and new movements in either directions. However, we couldn’t say the same for Ripple, which price has been growing and is now at $1.69, marking another growth of 30% in only 2 days.
While Bitcoin has rebounded a bit from its sink to $12,000 and Ethereum has stabilized at somewhever above $700, Bitcoin Cash has been down from over $3,000 to around $2,500 currently. This has cleared some space for Ripple’s market cap and the virtual currency itself to overtake the third place on the list by market cap.
Even NASDAQ has reported on Ripple’s performance yesterday, pointing out to the fact that Ripple is the only coin showing green gains in a sea of red down and minuses. Swallow but steady, Ripple has been going upwards over the past week and rose from $0.89 to $1.47, to be now even worth more and sitting at $1.69.
The main reason for the rise of value of Ripple and the soaring Bitcoin Cash has been the selling of Bitcoin Cash and the greater interest for Ripple. The recent sellofs made Bitcoin Cash drop to around $45 billion, leaving space for Ripple’s market cap to rise at $65 billion.
So far, 2017 has been a great year for Ripple. A number of Japanese credit card companies have started to use its blockchain and gave the digital asset a further boost. This has helped for Ripple to become seen as more stable and established virtual currency than many other.
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