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Ripple become the second largest cryptocurrency

Do Son January 2, 2018 2 minutes read
Ripple

According to media reports on December 29th, the Ripple transaction price jumped nearly 56% last Friday, reaching a record high, the market value surpass the ether, becoming the second largest cryptocurrency.

According to data from Digital Asset Information Platform CoinMarketCap, Rebar prices rose 55.9% on Friday afternoon to a record high of $ 2.23. CoinMarketCap data show that the market capitalization of Reborn currency, therefore, reached 86.3 billion US dollars, exceeding the market value of 730 billion US dollars in the ether. Earlier, with the volatility of cryptocurrency in the morning trading, Rebolt and the Ether fought a fierce battle for second place.

According to CoinMarketCap, Bitcoin is by far the largest digital currency with a current market capitalization of about $ 247 billion, accounting for about 41% of the total market value of cryptocurrencies and about 12.5% of Swisscoin, The ratio of ether is about 12.1%.

The top six market capitalization encryption currency

According to data from CoinMarketCap, the market capitalization of Remparts overtook Ether in May this year, making it the second-largest cryptocurrency, but then the price of Rebcoin dropped sharply, leaving only around 36 cents. The transaction price of Ruibo currency eventually broke through 1 dollar last week and exceeded 2 dollars last Friday afternoon. Since 2017, the price has risen by more than 34,700%.

CoinMarketCap data show that the price of the etheric currency rose about 2% last Friday afternoon to 753.57 US dollars, the market value of about 72.8 billion US dollars. Data from Coinbase, another virtual currency information platform, showed that bitcoin’s trading price also rose slightly to close at 14,475 dollars the same day.

Reference: Forbes

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Written by
@DdoS · Security Researcher

Do Son

Do Son is the Founder and Editor of Daily CyberSecurity. Working in cybersecurity since 2013, he reports on vulnerabilities, malware, and emerging threats, providing timely analysis to help organizations and individuals stay ahead of evolving risks.

Tags: Ripple

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