Ripple, the Fourth-Largest Cryptocurrency, Just Passed a Major Milestone
Ripple Passed a Dollar
In the cryptocurrency game, it can seem as though Bitcoin rules all, but other cryptos are finding success as well. In the most recent news, the fourth-largest cryptocurrency just hit a major milestone — Ripple passed a dollar for the first time.
According to CoinMarketCap data, the price of Ripple’s XRP token peaked at $1.37 on Dec. 22, though it has since fallen to $1.16 at the time of this writing. This news is on the tail end of Ripple’s recent successes, both in rising almost 4,000 percent in value in its second quarter and in being added to the Bloomberg Terminal.
Crypto market capitalizations as of a few months ago.
Rising above a dollar might not seem like a big deal, especially compared to Bitcoin’s current value of $15,140. But, while Bitcoin has had a remarkably meteoric year, the success of Ripple and its XRP token is both impressive and significant.