Mobility in Ripple made this digital money the second highest currency on the market after Bircoin, and made it all the way to get here.
The price of Ripple, which exceeds the market value of 100 billion dollars, came out at 2.60 dollars. Ripple was only 25 cents at the beginning of December. Thus over a period of one month the price was increased by more than 10 kattan.
Bitcoin is trading at the level of 15 thousand dollars. Bitcoin's market value is at $ 255 billion.
UNDER COMPANY CONTROL
According to CNN Money, Ripple's biggest difference from Bitcoin is the control of a single company. All existing and former managers of San Francisco-based Ripple have become crypto money billionaires after the price boom.
Ripple was put on the market in 2012 to facilitate financial transactions on a global basis. Unlike other digital currencies, it showed its connection with legal banks. Santander, Bank of America and UBS are among the financial institutions that use the Ripple platform.
In recent weeks, the fact that some financial services companies in Japan and South Korea are adapting to Ripple technology has had a huge impact on the upsurge.
100 BILLION NUMBER, 38 BILLION MARKETS
According to Stephen Powaga, president of the Blockchain Momentum Research Division, the most important advantage of Ripple and some other digital money is low commission fees. This makes them more popular than their counterparts.
Unlike Bitcoin, however, Ripple is not 'scraped' by users. Under company control.
Ripple created 100 billion ripples in the first place and now it's 38 billion roaming.
One of the most important risks to Powaga is how long the company will keep the other Ripples in the hands of the market. Powaga, for example, says that if all the remaining units are put into the market within 4 years, they will put pressure on the prices.
100 DIFFERENT CURRENT UNITS
The total size of the global crypto money market is 689.3 billion dollars and there are 100 different crypto moneys in this market. Bitcoin's market value is $ 255.7 billion, Ripple's $ 100.4 billion. Third place is Ethereum with $ 85.9 billion.