- Ripel's total market capitalization exceeded $ 100 billion for the first time ever. Making it the first digital currency after the Betiquin, which exceeds 12 price indices to position itself as the second largest digital currency in terms of total market value.
Gains in the value of the riyal currency by 1000%
The value of the riyal during this month rose from less than US $ 0.25 on December 1 to a all time high of nearly $ 2.50 on the Bitfinex trading platform. Where the rise led to the digital currency being the second largest currency market in terms of market capitalization, exceeding US $ 100 billion. Currently, the currency "XRP" is traded at about $ 2.03. The currency broke above its previous record high of $ 0.40 on Dec. 13. After recording a new record price, the currency continued to rise, making gains of more than 500% in less than three weeks. Looking at the daily chart, the last two weeks of trading have resulted in a variation in volume although the price continues to climb - suggesting that a new top may soon be forming in the RBL markets.
Many analysts attribute the recent rise in the ruble to 55 billion of its currency earlier this month
On December 7, Rival announced that it had secured 55 milliliters of RIP. Where it announced its intention to make this insurance in May, noting that "by securing the largest share of our ripple, investors can now mathematically check the maximum offer of the currency of the ripple that can enter the market." The insurance was done using the "feature The guarantee in the RIBAL Account Book, launched by RIBEL in early 2017. The company has used this guarantee feature to "create 55 billion contracts, each consisting of 1 billion riyals, which expires on the first day of each month from 0 to 54. At the end of each contract, the currency becomes available for use, in addition to the company's statement That the "XRP" may be used to motivate market makers who offer small spreads for payments and the sale of currency to institutional investors. "All unused ripple coins will be returned to the back of the warranty cycle," the company said.