Ripple is one of the most famous cryptocurrencies in the world, which has almost always been in the list of top 5 cryptocurrencies, though having quite a low price, but being accessible for the users.
List of the top cryptocurrencies ranked by market capitalization
During all 4 years since its creation the price of Ripple remained lower than $1, and on December 21 of 2017 it finally reached all time high of $1 for the first time. The highest price which Ripple has ever reached before was seen on May 17 of 2017 when it rose to $0,41.
The reason for such an unexpected price jump is in the expansion of Ripple Network to more than 100 financial institutions. The organizations that partnered with Ripple include American Express, Credit Suisse, Santander Group, UBS, VISA, Bank of Ayudhya Public Company Limited, and at the same time, some institutions like the Australian Stock Exchange are experimenting with distributed ledger technology.
Moreover, next spring Japanese financial institutions will begin remittance experiments with Korean banks using the technology of Ripple.
Currently, the price of Ripple continues to rise, having increased 2,20% within 1 hour, which led to such numbers as 33% rise within past 24 hours and 72% rise during past 7 days.
At the moment of press, these are main market parameters of Ripple:
- Average price: $1,05
- Marketcap: $40 515 334 638
- 24h volume: $2 476 380 000