Ripple has recently surpassed Ethereum by reaching a market volume of 73 billion Dollars for a short time and became the largest digital currency after Bitcoin.
Ripple madness in South Korea
Ripple is the second digital money that left Ethereum behind this year. In November, when the SegWit2x update was canceled, Bitcoin Cash passed Ethereum and ranks second behind Bitcoin.
The Ripple request in South Korea has reached the stage of the present day. This demand was almost fueled by the rise of Ripple.
Ripple's 40 percent of the last 24 hours was in South Korea. In South Korea's Bithumb stock market, the price is over $ 2.
Demand rose in Japan as well as South Korea. Analysts say the rise is due to a partnership with Ripple's main investors, SBI Holdings, with Japanese banks led by South Korean holdings.
The FOMO movement?
Korbit's CEO, Tony Lyu, of the South Korean digital money exchange, said he was worried about the possibility that the price move triggered the FOMO (Fear of missing out). The same month we were in South Korea for Bitcoin Cash. The price of Bitcoin Cash rose to $ 3,700 in the local market. The main focus of South Korean investors was Ripple this month.
Is the increase in Ripple sustainable?
Swedish bank SEB has announced that it is transferring 180 million dollars this year using Ripple network. The eye's digital currency can expand its partnerships with banks and achieve higher market values if they continue to build new partnerships.
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