Published On: Fri, Dec 29th, 2017

Ripple Dethrones Ethereum, Now #2 Cryptocurrency Behind Bitcoin

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Ripple just became the world’s second most valuable cryptocurrency. This is a big deal. But why? Is Ripple a good investment? Will banks adopt it? Let’s find out.
Why Is Ripple Causing Waves?
While Bitcoin and the rest of the top 10 cryptocurrencies are well below their peak, Ripple is enjoying a meteoric rise and is trading at $ 2.22, up more than 49% from this time yesterday. In fact, it just unseated Ethereum as the #2 cryptocurrency in terms of market cap. So why is Ripple’s current so strong?

6 Reasons Why Ripple’s Tide is Rising
There are a number of factors that could be contributing to the sudden rise in Ripple’s price, but here are the six most likely reasons:
Ripple CEO Brad Garlinghouse’s appearance on CNBC to explain to a mainstream investment audience the advantages of Ripple over the current system. His example of outrageous cross-border ATM fees and the amount of time it takes to send money from New York to London resonated with a financially savvy audience. It also helps that Garlinghouse looks and sounds like a Wall Street insider.
Most cryptocurrency transaction fees are high and …

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  1. DARK DARK says:

    Ripple Dethrones Ethereum, Now #2 Cryptocurrency Behind Bitcoin

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