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Can Ripple Overtake Bitcoin

Will Ripple Overtake The Bitcoin And Why?

Will Ripple Overtake The Bitcoin And Why?

Will Ripple overtake the Bitcoin and why? Since December 9, Ripple has enjoyed incredible growth. In just a few days, it has grown by over 318%. The market cap of $31.2 billion helped edge away Bitcoin Cash to the fourth place for several hours in the past week. Currently, the crypto is fourth after Bitcoin Cash overtook it to take the third place. At the current rate of growth, this is a cryptocurrency to watch in the coming weeks. Ripple is a technology which is designed to act as a cryptocurrency and also as a digital payment network for financial networks. It is a pre-mined currency and its ticker symbol is XRP. The cryptocurrency was founded by Chris Larsen and Jed McCaleb in 2012. To help in finalizing financial transactions, Ripple uses a medium called Gateway. The gateway acts as a trust credit intermediary that receives and sends money over the RippleNet network. XRP currency is used as a bridge to other currencies. It is used for both Fiat and cryptocurrency transactions. Each and every currency in the network uses its own unique gateway. If for example, John wanted to receive Ethereum coins for the services rendered to Kate, Kate can send Australian dollar. John will receive ETH on his end. The growth of Ripple and its current position Ripple cryptocurrency is designed to use blockchain technology to speed up cross-border money transfers and bank settlements. At the moment, most of the transactions are facilitated on Swift which is quite old, slow and expensive. The simplicity of this cryptocurrency has attracted financial players and this is what is making it rise at a fast rate. At the start of 2017, XRP was trading at $0.0065 or 0.00000714 BTC. Its market capitalization then was $230 million. This still qualified the crypto as a big player. The market cap Continue reading >>

Ripple Briefly Overtakes Ethereum As The No. 2 Crypto

Ripple Briefly Overtakes Ethereum As The No. 2 Crypto

Ripple briefly overtakes Ethereum as the No. 2 crypto Ripple's XRP briefly passed Ethereum on Friday as the No. 2 cryptocurrency by market cap. XRP's market cap reached $73.65 billion before the digital coin pared its gains. A red-hot close to 2017 briefly caused Ripple's XRP to overtake Ethereum as the second-largest cryptocurrency by market cap. Ripple, which focuses on bank transfers, sported gains of more than 40% at one point Friday, propelling it to a record high and a market cap of $73.65 billion, according to data from CoinMarketCap.com. The dethroning was also captured in a tweet from @WillyKracket : XRP has since pared its gains and slipped back into the third spot in terms of size. The cryptocurrency, which is up about 61% over the past week and more than 5,000% this year, has been on a tear since Ripple's Asian subsidiary and a group of Japanese credit-card companies announced a new consortium Wednesday . The consortium aims to identify how blockchain and distributed-ledger technology can be deployed in credit-card payments. The news of the consortium follows a bullish month for the coin, which has been propelled to new heights by interest from Asia, according to reporting by Forbes . "Asians are going mad for Ripple," Alexey Ivanov, the CEO and cofounder of Polynom Crypto Capital, a Moscow-based cryptocurrency and blockchain investment fund manager, told Forbes. Frank Chaparro contributed to this story. Continue reading >>

Ripple Could Be The Next Bitcoin

Ripple Could Be The Next Bitcoin

{{article.article.images.featured.caption}} Opinions expressed by Forbes Contributors are their own. The author is a Forbes contributor. The opinions expressed are those of the writer. This story appears in the {{article.article.magazine.pretty_date}} issue of {{article.article.magazine.pubName}}. {{article.article.magazine.subscription_text}} Bitcoin has made some investors very rich. Those who purchased the digital currency back in the old days when it was trading for a few dollars. And it could make more investors rich provided that it continues to rise to new highs. But thats unlikely, as large percentage gains are hard to come by at these price levelsnorth of $10,000. Still, theres Ripple, trading below a $1. And there are experts who believe that it could be the next Bitcoin, one day. Craig Cole of CryptoMaps is one of those experts."Ripple just might be the catalyst in making cryptocurrency more mainstream, says Cole. Its faster transaction speeds and lower fees make it easier for financial systems to embrace the virtual currency, which is partly why Ripple's value has increased dramatically just this year. Ripple is helping financial institutions save money and it is only expected to become even more prevalent in payment flows. The virtual currency is certainly on the rise and has the potential to be the first token to truly disrupt an industry, and if it does, expect XRP to reach Bitcoin-like levels of ubiquity in the near future. John-Paul McCaffrey, Associate Director ITRC, Long Island University, agrees. Although currently there isnt a platform to exchange fiat currency for Ripple (XRP) this may change sooner than you think, says McCaffrey. There is speculation that Coinbase will be adding this to their list of cryptocurrencies they have available for fiat Continue reading >>

Ripple Price: Will Ripple Overtake Bitcoin? Can Xrp Market Cap Surge Past Btc?

Ripple Price: Will Ripple Overtake Bitcoin? Can Xrp Market Cap Surge Past Btc?

The finance expert said: For Rippleto surpass this, the cryptocurrency would only need to get to $6.57. This would require a rise of 164 percent. It rose nearly 36,000 percent last year. Mr Kharpal argued that it would not be impossible for either Rippleor ethereum to claim the top spot in in the charts sometime in the future. At the moment, ethereums ether token stands a better chance of gaining the upper hand on bitcoin , the expert added. Ripple vs Bitcoin: The XRP token surged last week to overcome ethereum in the marksts Ethereum will only need to grow 134 percent on its Monday morning prices to claim the crowning glory in the crypto markets, compared to Ripple's164 percent. For Ripple to surpass this, the cryptocurrency would only need to get to $6.57 Mr Kharpal said: With bitcoin's dominance standing at record lows, and alternative cryptocurrencies seeing big price leaps, it's not inconceivable that either ether or Ripplecould claim the top spot in terms of market cap soon. Of course, if bitcoin sees a surge in price this year, it will make it harder for either cryptocurrency to surpass it. But some analysts have dismissed the speculation surrounding Ripple'svalue and warned its end-of-year bull run is a tell-tale sign of an impeding crypto bubble. Ripple prices: XRP rallied last month to all-time highs but has since somewhat plummeted in value As of 5.13pm on January 8, Ripple'sprices are down more than 25 percent on Sunday and have been on a slow downward trajectory since January 4. Erik Voorhees, CEO of cryptocurrency exchange ShapeShift, tore into the token and accused it of using established banks to boost its legitimacy. He said: "The reason Rippleis surging so much is it's a bubble. "Testing crypto with banks doesn't make sense. The whole idea of crypto i Continue reading >>

Can Xrp Overtake Btc In Cmc

Can Xrp Overtake Btc In Cmc

ripple is now at 100B do you think it can overtake bitcoin once Coinbase lists xrp? theoretically yes, but not practically because usdollar valuation will cease to become practical then ripple is now at 100B do you think it can overtake bitcoin once Coinbase lists xrp? but, i think even ripple is listed on coinbase, the marketcap would not surpassed bitcoin ripple is now at 100B do you think it can overtake bitcoin once Coinbase lists xrp? but, i think even ripple is listed on coinbase, the marketcap would not surpassed bitcoin well im thinking coinbase listing made BCH i think grow up more than 2x. if coinbase does that to xrp i think xrp can overtake bitcoin My concern is that that increase has been 64.9% in 24 hours. Ripple certainly has promise- but I can't see what has happened in the last 24 hours to force that move in the market- that's a stupid amount of money. It'll correct, and it'll hurt it- and I suspect whomever is behind it, knows that. Jeez... I was so wrong about XRP! I said numerous times in this forum that XRP would never break out due to its centralization. I was so wrong about it... so who knows what can happen. I'm watching it in awe right now though. Quote from: logosobscura on December 30, 2017, 02:42:32 AM My concern is that that increase has been 64.9% in 24 hours. Ripple certainly has promise- but I can't see what has happened in the last 24 hours to force that move in the market- that's a stupid amount of money. It'll correct, and it'll hurt it- and I suspect whomever is behind it, knows that. it is due to market demand. no one can pump xrp like that unless you are bill gates and warren buffet. do you see how much btc was spent to achieve that price? I seriously hope not. Bitcoin should be dethroned in the upcoming years. But not yet. Not in Continue reading >>

Can Ether Or Ripple Overtake Bitcoin In Market Capitalization This Year?

Can Ether Or Ripple Overtake Bitcoin In Market Capitalization This Year?

Ripple XRP ended 2017 on a high note. Its market capitalization overtook that of Ethereum on December 29, 2017 after its value rose by 42.7% within 24 hours. This effectively made Ripple XRP the second largest digital currency after Bitcoin. According to Play2Live CEO, Alexey Burdyko, Ripples rise was an indication that investors were beginning to consider alternative currencies other than Bitcoin. A soar in XRP price was an indication that investors extensively seek alternatives to bitcoin. With bitcoin becoming more mainstream and reaching psychological heights, it is feasible that we will see top 10 cryptocurrencies on Coinmarketcap changing places off and on like in the recent case of Ripple outnumbering Ethereum in terms of market cap, Burdyko says. Ripples price surge wouldnt last for long however. Ethereum regained its second spot in the crypto market on January 8, 2017 after Ripples value went down over 40% during the first weeks of 2018. At the time of writing this article, Ripple was trading at $1.29, down from a peak price of $3 which it had achieved on January 3, 2018. Volatility is still what the crypto market is all about. We will continue to see coins go up and down depending on how strong a case they make for new partners and users. Still, the common thread for the future will be Ethers continuous rise, as it will overtake every other coin in popularity, notes Playfold s CEO, Marcus Vandea. Two weeks ago, the cryptocurrency market experienced high volatility that saw prices of most coins, including Ethereum, Bitcoin and Ripple, drop by almost 30%. As the market recovers from this price plunge, Ethereum seems to be the one leading the recovery process. On January 28 of this year, its price increased by about 14% compared to 4% for Bitcoin and 7% for Ripp Continue reading >>

Bitcoin Price Moves Sideways: Ripple Briefly Was 2nd Most Valuable Cryptocurrency

Bitcoin Price Moves Sideways: Ripple Briefly Was 2nd Most Valuable Cryptocurrency

Bitcoin Price Moves Sideways: Ripple Briefly Was 2nd Most Valuable Cryptocurrency By Rakesh Sharma | Updated December 29, 2017 11:15 AM EST How SEC Regs Will Change Cryptocurrency Markets The #Flippening finally occurred this morning. Ripple, a cryptocurrency that has soared by more than 540 percent in value in the last two weeks, overtook ethereum this morning to become the worlds second-most valuable cryptocurrency. Ripples payment network is being tested by consortiums in Japan and South Korea to reduce costs and time required for transferring money between the two countries. The term Flippeningrefers to a point in time at which ethereum (or, potentially, some other cryptocurrency) switches places with bitcoin, taking on the largest position in the cryptocurrency world in terms of market cap. (See also: The #Flippening: Will EthereumTake Bitcoin's Place .) At 11:04 UTC this morning, Ripple had a valuation of $73.6 billion and was trading at $1.90 per pop. Those figures were sufficient for it to overtake ethereum, which was valued at $70.5 billion. But Ripples reign lasted only a short while. At 14:55 UTC, it was worth $71.6 billion as compared to Ethereums $73.1 billion market cap. (See also: Ripple Overtook Bitcoin Cash To Become Third Largest Cryptocurrency .) In the meanwhile, bitcoins price has mostly moved within the $14,000 range in the last 24 hours. At 14:59 UTC, the price of a single bitcoin was $14,485.88, almost unchanged from 24 hours ago. Prices for the top 10most-traded cryptocurrencies were a mixed bag. Seven moved upwards. Ripple and Cardano, another cryptocurrency which has racked up substantial gains in the last two weeks, were the biggest movers and had increases of 31.3% and 22.8%, respectively. Bitcoin Cash was subsumed under the Ripple landslid Continue reading >>

Ripple Becomes First Cryptocurrency After Bitcoin To Surpass $100 Billion

Ripple Becomes First Cryptocurrency After Bitcoin To Surpass $100 Billion

Ripple Becomes First Cryptocurrency After Bitcoin to Surpass $100 Billion Ripple has achieved a historic milestone on January 3, becoming the first cryptocurrency after bitcoin to be valued at $100 billion. At press time, the total valuation of Ripple is $121 billion. Over the past 24 hours, the price of XRP, Ripples native token, has increased by more than 24 percent, to over $3. The market valuation of Ripple increased from below $95 billion to $116 billion, further distancing itself from the third most valuable cryptocurrency in the global market, Ethereum. As usual, the daily trading volume of XRP is heavily concentrated in the South Korean market. Korbit and Bithumb are processing 40 percent of global Ripple trades, accounting for more than $2.2 billion of Ripples daily trading volume. On Bithumb, the second largest cryptocurrency trading platform in the world based in Seoul, South Korea, Ripple remains as the most traded cryptocurrency, recording a daily trading volume that is three times larger than that of bitcoin. Despite being the largest and most liquid Ripple exchange market, XRP is being traded with a high premium within South Korean cryptocurrency market. On Bithumb and Korbit, Ripple is being traded at $3.5, with a with a 12 percent premium. Ripple has also started to gain some mainstream media coverage, with news publications demonstrating their readers how to purchase, store, and send Ripple with ease. Such increase in coverage of Ripple by the media and fear of missing out (FOMO)-driven South Markets push has allowed Ripple to achieve new all-time highs and sustain strong momentum. Brad Garlinghouse, the CEO at Ripple, which is responsible for the development of the Ripple blockchain network, stated that the real use case sets Ripple apart from other Continue reading >>

Rising Ripple Threatens To Usurp Bitcoin And Usher In The Rippening

Rising Ripple Threatens To Usurp Bitcoin And Usher In The Rippening

Rising Ripple Threatens to Usurp Bitcoin and Usher In The Rippening First came ethereum, which threatened to unseat bitcoin as the dominant cryptocurrency in an event dubbed The Flippening. Then came bitcoin cash, which lay a glove on bitcoin core in The Cashening. Now, a revitalized ripple (XRP) is eyeing bitcoins top spot. Could the centralized cryptocurrency usurp bitcoins market cap, heralding The Rippening? Also read: Is the Centralized Ripple Database With the Biggest Pre-Mine Really a Bitcoin Competitor? Scarcely a month passes when an alternative cryptocurrency doesnt make huge inroads on bitcoins dominance. Percentage gains are easy any coin outside of the top five can realistically double or triple in price within a week. Overtaking bitcoins market capitalization however is significantly harder, and while ETH and BCH have both given it their best shot, theyve yet to achieve that feat. Despite bitcoin making gains of 14% in the last 24 hours off the back of news on Peter Thiels involvement, XRP has outperformed BTC, recording gains of 16%. Ripple at the time of writing had a market cap of $104 billion versus bitcoins $245 billion. In other words, ripple is worth 40% of bitcoins valuation. Each XRP token is currently trading at around $2.70. If XRP were to reach $6.75 while BTC stood still, it would overtake bitcoin to become the worlds most valuable crypto asset. It is much easier for a sub-$10 coin to double in value than it is for one costing well into five figures. On December 29, ripple soared from $1.52 to a high of $2.50. If another similar ripple run were to occur, it could send XRP above bitcoin in the space of a week. One ripple will never achieve parity with one bitcoin, as there are a lot of ripples out there around 39 billion as it stands. Put them Continue reading >>

Is Ripple The New Bitcoin? Here's Everything You Need To Know About The Cryptocurrency

Is Ripple The New Bitcoin? Here's Everything You Need To Know About The Cryptocurrency

Is Ripple the new Bitcoin? Here's everything you need to know about the cryptocurrency Ripple has recently seen a spike in value and could be set to overtake Bitcoin Could not subscribe, try again laterInvalid Email From Bitcoin to ethereum, cryptocurrencies are slowly but surely becoming the must-have capital. Now, a cryptocurrency called ripple is steadily rising in value, and is gaining newfound attention amongst savvy investors. Heres everything you need to know about the currency. Ripple is a cryptocurrency that launched in 2012 (Image: www.alamy.com) Ripple is a cryptocurrency that launched in 2012, and unlike other options, such as Bitcoin, is largely controlled by just one firm, called Ripple. The firm has strong connections with several high-profile banks, including UBS , Bank of America and Santander. A ripple, also known as XRP, is now worth about 1.80 ($2.44), according to Coinmarketcap. While this is considerably less than bitcoin, which is currently worth 10,781 ($14,614), its a huge increase from its worth in December 2017, when it was trading at just 0.18 ($0.25). The spike in price is likely due to the uptake of ripple by several financial service companies in Japan and South Korea. The cryptocurrency is attractive to these firms due to its relatively low transaction fees, according to Mr Stephen Powaga, head of research at Blockchain Momentum. Payments using ripple can also be settled in just four seconds. In comparison, bitcoin transactions usually take around an hour to complete. Unlike bitcoin, which are mined, ripple are controlled by the firm (Image: Getty) Unlike bitcoin, which are mined, ripple are controlled by the firm, which has initially created 100 billion ripple - 38 billion of which are in circulation. And Ripple can release one billion Continue reading >>

Can Ripple Overtake Bitcoin As Worlds Largest Cryptocurrency?

Can Ripple Overtake Bitcoin As Worlds Largest Cryptocurrency?

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Will Ripple Overtake Bitcoin As The Main Cryptocurrency?

Will Ripple Overtake Bitcoin As The Main Cryptocurrency?

Answered Jan 2, 2018 Author has 196 answers and 354.1k answer views XRP tokens are not meant to be used as Average Joe's currency: only banks will actively use them. Ripple is designed as a system to settle interbancary transactions: there is no planned use of the XRP token as a replacement currency for the masses, in fact the idea is to keep you using your local traditional fiat currency forever. XRP is designed to keep the status quo as it is: you will never have XRP ATMs, you will never have shops accepting XRP payments, you will never get paid in XRP. The whole point of the Ripple infrastructure is to allow you to send dollars to China using an instantaneous transaction without letting you know that banks are actually exchanging XRP tokens to make it fast. But maybe I am wrong and there is a good reason to buy XRP tokens instead of market shares of the actual Ripple company, if you belive in the project. I'd like some comments about this subject because it really puzzles me. I am not saying it is necessarily a bad thing but i really find it hard to consider it a proper cryptocurrency, considering it's intended use cases. Continue reading >>

Ripple Price: Will Xrp Ever Overtake Bitcoin? - Experts Claims Yes | City & Business | Finance | Express.co.uk

Ripple Price: Will Xrp Ever Overtake Bitcoin? - Experts Claims Yes | City & Business | Finance | Express.co.uk

Cryptocurrency experts have spoken to Forbes about the future of Ripple and its cryptocurrency XRP and whether it could overtake bitcoin. XRP suffered highs and lows this week and after rumours started circulating Coinbase would be adopting XRP onto its digital currency exchange the cryptocurrency shot up to $0.96. However the speculation was soon quashed when the exchange confirmed it would be launching a new index fund open to US accredited company and would not be adding XRP to the exchange. Cryptocurrencies across the board have dived after the US Securities and Exchange Commission (SEC) warned of potentially unlawful systems that trade cryptocurrencies, which investors may use with an unearned sense of safety. Ripple CEO reveals what is needed for cryptocurrencies to succeed XRP plunged to $0.83 following the SEC announcement on Wednesday, according toCoinMarketCap.com, with the cryptocurrency not falling this low since it dropped to $0.82 on February 9. Brad Garlinghouse, CEO of Ripple, said the market is having an outsized reaction to the announcement of the SEC. He said cryptocurrency exchanges have the option to de-list ICO tokens or simply register with the agency and claimed the SECs regulation does not hugely impact cryptocurrency trading platforms in a negative manner. Despite this recent volatility, XRP is the third most valuable crypto token and is trading at $0.84 with a market cap of $33 billion, according toCoinMarketCap.com. In context of yesterday's SEC statement(s), I hear some in crypto talk about the current regulatory uncertainty." SECs statements have been consistent and clear. "Regulatory uncertainty" is just a euphemism for we wish we could ignore SEC regulations. Bitcoin climbed back above $10,000 Thursday for the first time in two weeks The Continue reading >>

Ripple Will Overtake Bitcoin As The Largest Cryptocurrency If Its Price Hits $7

Ripple Will Overtake Bitcoin As The Largest Cryptocurrency If Its Price Hits $7

Ripple Will Overtake Bitcoin as the Largest Cryptocurrency if its Price Hits $7 With over a hundred digital coins in the crypto world now, analysts, as well as investors who are out to make something off cryptocurrencies, takes into consideration many factors before throwing their money on them. The current growth of this new technology in money is quite astonishing and even with that, there is still room for improvement as cryptocurrencies are expected to continue growing in many years to come. This has pulled many people into the game and before using their resources on this new found technology, they tend to be thorough with everything there is to know about their investment. The market capitalization of cryptocurrencies has been a major factor for players in the cryptocurrency world at the expense of other obvious factors. Reports from crypto analysts last week suggests that Ripple, a relatively smaller digital coin as compared to bitcoin is actually giving the biggest cryptocurrency now a run for its money. It is reported that bitcoin will drop to the second biggest coin should Ripple hit $7 . In the simplest form of explanation possible, Ripple getting bigger than Bitcoin means Ripple will have to rise or grow to achieve a market worth of $6.57 and this is according to a report from CNBC. For this to happen, Ripple would have to attain a rise of 164% which seems likely possible since it achieved almost 36,000% just last year. This would mean that the market capitalization of Ripple will become bigger than that of Bitcoin. Bitcoin has the largest cryptocurrency market cap and has done very well for itself since the beginning of last year. Its market capitalization is around $247 billion which makes up almost 41% of the total market cap of the crypto world. With Bi Continue reading >>

Ether Tops Ripple To Reclaim Second Spot In Crypto Rankings

Ether Tops Ripple To Reclaim Second Spot In Crypto Rankings

Bloomberg the Company & Its Products Bloomberg Anywhere Remote LoginBloomberg Anywhere Login Bloomberg Terminal Demo Request Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Ether Tops Ripple to Reclaim Second Spot in Crypto Rankings Ripple hurt by Coinbases decision not to list more coins Ethereum enthusiasts hold out hope to overtake bitcoin Ether has reclaimed the title of the worlds second-largest cryptocurrency by market value. Ripple had a short-lived stint after surging past the digital coin for the ethereum network 10 days ago, but has slipped in the rankings after falling more than 14 percent. The decline was initially spurred by an announcement last week that Coinbase Inc. wouldnt list any new coins such as ripple on its online exchange. Ether now boasts a market cap of just over $111 billion, while ripples value has shrunk to about $98 billion, according to Coinmarketcap.com. The website began today to exclude pricing data from Korean exchanges, reducing ripples listed value and bringing it more in line with data sites such as Bitstamp.net. Bitcoin remains by far the worlds largest cryptocurrency, with a market capitalization of about $255 billion. Ether overtakes ripple, reclaims spot as second-largest cryptocurrency The switch could once again add fuel to the "flippening" fire, which is what ether enthusiasts call the coins anticipated rise to overtake bitcoin and become the largest crypto coin. Ethers pursuit seemed foil Continue reading >>

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