Cryptocurrency

Ripple crosses historical $2 mark, with a 35% boost in a single day

Yes, the altcoins are dominating and they are about to put Bitcoin aside from its throne in coming years. As we recently reported about the increase in Ripple’s price that reached around $1.51 has now even crossed that mark and is now trading at $2.21.

In just 24 hours, one of the popular cryptocurrency, Ripple has boosted its price up by 35%. Ripple has acquired second place by the market cap in the overall crypto market. The massive boost has been recorded last week when the crypto surged to a record-breaking $1. The bull run of Ripple has just started and is expected to further expand its reach.

Read Also: How to Buy Ripple in Pakistan 

Meanwhile, the 2nd most popular cryptocurrency, Ethereum has surged to a price of $700 which further affirms that Bitcoin’s rule is not going to be long enough. The year 2017 was of Bitcoin and the next one could be mostly dominated by altcoins.

As a matter of fact, the current market cap of Ripple is estimated to be around $78 billion, which is larger in worth than Uber’s value of $68 billion, as recorded by the Wall Street Journal in December 2017 records.

Via Coin Telegraph

Ripple which was founded back in 2013 is also dubbed to be the most stable cryptocurrency as its value has maintained at price point of $0.20 for more than six months.

The crypto is also seeing a surge in investment profitability and has even surpassed Bitcoin in this regard. However, the notable growth in the currency started earlier this month, when Bitcoin and other cryptocurrencies faced a major drop off.

Sponsored
Sajeel Syed

I am a writer at TechJuice, overseeing IT, Telecom, Cryptocurrency, and other tech-related features here. When I'm not working, I spend some of my time with good old Xbox 360 and the rest in social activism. Follow me on Twitter: https://twitter.com/sajeelshamsi

Share
Published by
Sajeel Syed

Recent Posts

VPN Ban Could Cost Pakistan’s IT Industry $1 Billion, Warns P@SHA

The Pakistan Software Houses Association (P@SHA) has raised alarms about the severe impact of the…

5 hours ago

WhatsApp Trials Group Chat Mentions in the Latest Status Update Feature

WhatsApp is rolling out a new feature in its latest Android beta version, allowing users…

6 hours ago

PTA Chairman Confirms No Orders for Mobile Service Shutdown

ISLAMABAD: Chairman of the Pakistan Telecommunication Authority (PTA), Major General (retd) Hafeez-ur-Rehman, confirmed that no…

6 hours ago

35,000 Students to Receive Free Laptops Under Punjab Government Scheme

Punjab Chief Minister Maryam Nawaz Sharif has announced the launch of a new initiative aimed…

7 hours ago

Meta Introduces New Features to Messenger: AI Backgrounds, HD Video Calls, and More

Meta has unveiled a set of new features for Facebook Messenger, designed to improve call…

8 hours ago

PTA Seeks Stakeholder Input on VPN Registration

Islamabad (21st November 2024): PTA hosted a stakeholder consultation on VPN registration, with key participants…

10 hours ago