It’s cryptocurrency’s time. No doubt! With the surge of the different crypto value which recorded all-time high in terms of popularity in the market.
This quite performing crypto, the fourth largest for now, Ripple has recorded an all time high which passed a dollar in value for the first time.
For quite some time, Bitcoin has ruled the crypto world. But other cryptos are finding success as well.
In the most recent news, the fourth-largest cryptocurrency just hit a major milestone — Ripple passed a dollar for the first time.
According to CoinMarketCap data, the price of Ripple’s XRP token peaked at $1.37 on Dec. 22, though it has since fallen to $1.16 at the time of this writing.
This news is on the tail end of Ripple’s recent successes, both in rising almost 4,000 percent in value in its second quarter and in being added to the Bloomberg Terminal.
Rising above a dollar might not seem like a big deal, especially compared to Bitcoin’s current value (at the time of writing) of $15,140. But, while Bitcoin has had a remarkably meteoric year, the success of Ripple and its XRP token is both impressive and significant.
Ripple’s success is a success for all cryptocurrencies and the future of crypto. Initially, even heavyweight contenders like Bitcoin were, and sometimes still are, dismissed.
Despite of the success the crypto received, many are skeptical of Bitcoin, seeing value in the cryptocurrency market and the true potential that it has not only to make money for investors, but to revolutionize transactions if, in the future, our finances run on a blockchain.