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Cryptocurrency Ripple (XRP) shot up by almost 35 percent over the past 24 hours, trading at an average of $2.20 and occupying second place by market cap in the overall crypto market at press time.
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The massive spike comes just over a week after the coin broke $1 for the first time last Thursday. The price then dropped again on Dec. 22, but rallied back up 57 percent the same day and has been following a bullish run since blowing past $1.50 today.
With a market cap now of $78 bln- Ripple is worth more than Uber, valued at $68 bln as of December 2017 according to the Wall Street Journal.
The cryptocurrency was trading stably at about $0.20 for the past six months, starting its notable growth on Dec. 12.
The investment profitability of Ripple, created in 2013, this year has surpassed that of Bitcoin.
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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://cointelegraph.com/news/ripple-breaks-2-and-keeps-pushing-in-week-long-bull-run
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I guess you should think about updating your post!! For a second I thought Ripple is back to 2$ ;)
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