Ripple punched above its weight class in 2017. We successfully launched our first blockchain conference, announced a new collaboration with the Gates Foundation and increased the number of RippleNet members to more than 100. And Ripple Insights became the official destination to learn about all that Ripple accomplished, attracting millions of readers over the year.
The price of Ripple’s XRP token surpassed $3 today, breaking through its latest milestone and reaching a fresh, all-time high.
XRP had risen to as much as $3.02 at the time of report, according to CoinMarketCap.
By reaching this price, the digital token had risen more than 1,000% in the last month.
Analysts pointed to factors including sustained momentum and recent announcements as helping fuel the currency’s recent gains.
In fact, our readers were clamoring to learn more about new developments in our blockchain technology, upcoming events, as well as the lockup of 55 billion XRP.
The price of XRP has been pushing higher as the digital currency benefits from sustained momentum, said analysts.
The cryptocurrency has “wind in its sails,” said Charles Hayter, co-founder and CEO of data platform CryptoCompare.
As XRP’s price rises, this development attracts new buyers, which in turn perpetuates the cycle of gains, he stated.