• 19 hours $12M Seized in Massive US-Dubai Money-Laundering Raid
  • 2 days China Launches Digital Yuan As U.S. Dallies
  • 6 days Squid Game Rampage Fails to Lift Netflix Stock After Stellar Earnings
  • 6 days Why Tesla, EV Stocks, Could Remain Highly Volatile For Years
  • 8 days Did Big Bank Earnings Just Signal ‘Real’ Economic Recovery?
  • 9 days The Cannabis Industry Is Looking To Fill The Employment Gap
  • 9 days Apple Capitalizes On Upward Momentum Ahead Of Earnings
  • 12 days Earnings Beat Isn’t Enough for S&P 500 Q3
  • 14 days The New World Tax Order
  • 15 days Is Crypto Finally Ready To Pay The Piper?
  • 16 days Is It Time To Buy The Global Gaming Market Dip?
  • 19 days Even The Mafia Has A Millennial Problem
  • 21 days Zuckerberg Loses Billions in Social Media Outage
  • 22 days ‘Pandora Papers’ Leak Reveals More Financial Crime
  • 23 days US Retail Has A Major Supply Chain Problem
  • 26 days China Has Set Out To Crush Crypto...Again
  • 27 days Top Performing Cannabis Stocks of the Year
  • 28 days Millennials Could Power A 20-Year Bull Stock Market
  • 33 days The Million-Dollar Question: Will China Bail Out Evergrande?
  • 35 days Bitcoin Is Driven By Testosterone
Will Facebook’s Crypto ‘Libra’ Challenge Bitcoin?

Will Facebook’s Crypto ‘Libra’ Challenge Bitcoin?

Facebook has finally revealed its…

Has The Dogecoin Hype Fizzled?

Has The Dogecoin Hype Fizzled?

Dogecoin crashed nearly 40%, trading…

SEC Crackdown On ICOs Leads To New Lawsuits

SEC Crackdown On ICOs Leads To New Lawsuits

Crypto-related lawsuits are on the…

  1. Home
  2. Cryptocurrencies
  3. Alt-Coins

Ripple Soars, Overtakes Ethereum As 2nd Largest Crytpocurrency

Ripple

Altcoin Ripple has soared over 150% this week (up 50% today) to its highest level since May as optimism spread surrounding Ripple Labs Inc.’s plans for using a digital coin.

(Click to enlarge)

The optimism spread, dragging the rest of the crypto-space higher on the week..

(Click to enlarge)

And, as CoinTelegraph's Moilly Jane Zuckerman notes, Ripple (XRP) has now overtaken Ethereum (ETH) to be ranked number two by total market capitalization on CoinMarketCap.

(Click to enlarge)

As of press time, Ripple has a listed market cap of around $23.39 billion, while Ethereum - now in third on CoinMarketCap - has around $23.2 billion in market cap.

Notably the last two times that XRP has topped ETH, it has quickly collapsed.

(Click to enlarge)

Bitcoin (BTC) is still ranked number one, with a market cap of around $116 billion.

(Click to enlarge)

At the beginning of this week, Ripple executives hinted that it may launch a service that will use the digital currency “in the next month or so.". Called xRapid, the service lets financial companies such as payment providers speed up money transfers into emerging markets using XRP, which Ripple says is an independent digital asset. A Ripple spokeswoman said Thursday that there isn’t an official commercial release timeline at this point.

Also this week, PNC, a top ten U.S. bank, announced that it would use RippleNet to process international payments for its customers.

By Zerohedge

More Top Reads From Safehaven.com:

Back to homepage

Leave a comment
  • Ken Griffith on October 11 2018 said:
    Does this mean that someone has guessed the password to Dr. Fekete's Safehaven contributor account?

Leave a comment