If you're a crypto enthusiast and monitoring the crypto market for sometime, then you must be aware of the recent growth of Ripple in last few weeks. While it was trading around $0.17 for almost 6 months, now it is trading at $2.15. This is a ginormous growth for an Alt coin in very short period of time.
So, Why did Ripple went parabolic in this short period of time ?
Well, mainly the new partnerships with Traditional Financial Institutions like American Express have triggered the parabolic growth of Ripple in this very short period of time. Currently Ripple's market capitalisation is around $84 Billion which is significantly higher than the former largest cryptocurrency, Ethereum.
Ripple has overtaken the Ethereum while Bitcoin still remains the king of cryptocurrencies.
With this sudden growth of Ripple, many Bitcoin investors have expressed their concern.
Some say that Ripple's growth is very sudden and it's not possible for it to sustain it overtime.
George Kikvadze, a major crypto investor have expressed his opinion like this :
Let's see Ripple could sustain this growth.
Thanks for reading....!!
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