Ripple Approaching $Two spil XRP Price Doubles te Weekly Trading

A week after the value of Ripple’s native XRP token topped $1 for the very first time ter history, the cryptocurrency surged again today, rising 34 procent.

At press time, the token, used for transactions on the San Francisco startup’s RippleNet cryptocurrency network, reached $1.87, a figure that wasgoed almost dual its listed price last week, gegevens shows. The price rally arrived after a long period of inactivity ter the market, which had held sustained at $0.20 overheen the past six months.

Spil a result, the market capitalization of XRP is now catching up with those of ethereum and bitcoin, according to gegevens webpagina CoinMarketCap. XRP is now the third largest cryptocurrency by market capitalization, with the value of its combined token supply now $72 billion.

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Gegevens from CoinDesk indicates that much of today’s price improvement comes from today’s morning trading session (UTC 06:01 a.m. to 12:00 p.m.), where it recorded a 14.43 procent increase ter the last six hours.

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What’s also importante is that completo trading volume of XRP within 24 hours predominantly came from exchanges based ter South Korea.

Gegevens from CoinMarketCap shows that three South Korean exchanges, Bithumb, Coinone and Korbit account for 31.Five, 7.Trio, and Two.07 procent of the worldwide XRP trading, respectively. Te addition, within thesis exchanges, each has more than half of its trading activities concentrating on XRP, gegevens also shows.

The price rally also goes after the South Korea government’s freshly issued policy that will geobsedeerd cryptocurrency exchanges from permitting anonymous accounts, a stir to curb market speculation te the country.

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Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake te Ripple.

Pic via CoinDesk’s archive.

The leader te blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a stringent set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests te cryptocurrencies and blockchain startups.

3 comments

  1. the same thing happens spil when you have a nasty divorce and a fat pocket with a lotsbestemming of money ter it. if the ex finds out about it and can prove it, they take a part of it (of course depending on what country you live ter and how the laws are there) and if they can’t find out about it or prove it they can take nothing.

  2. Ter my country that wouldn’t be a problem because Bitcoin is not regulated and law doesn’t recgonize it spil a money or asset and therefore it can’t be subject or kwestie te divorce. But it’s not ter all countries like that so maybe if you want to keep your Bitcoins just for yourself you should take some precausion measures before get married.

  3. If I had to determine what to do about such an situation, which let’s say would occur te the next decade or so time-wise, then I would rather offerande to pay ter fiat money, unless bitcoins are acknowledged by major governments ter a way that would make them a part of a divorce possession split. If that were to be the case, I’d most likely make sure not to tell my wifey about bitcoins or how it works beforehand. Sorry, it may be morally wrong, but given how modern divorces play out I would not like to end up ter a opbergruimte on the street.

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