Money Cryptocurrency Ripple continues steep rise in 2018

07:26  05 january  2018
07:26  05 january  2018 Source:   MSN

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a close up of a computer: Bitcoin or bust?© Provided by Nine Digital Pty Ltd Bitcoin or bust? Cryptocurrency Ripple has maintained its stratospheric rise, adding almost 45 percent more value since the calendar ticked over into 2018.

Ripple – which officially trades the currency XRP – is described by its San Francisco-based start-up as "a frictionless experience to send money globally using the power of the blockchain".

At midnight on December 31, XRP was trading at $US2.29. At the time of publishing on January 4, XRP added 44.9 percent more value at $US3.32.

In mid-December XRP was trading at US 25 cents each.

XRP's rise has been so vast that according to cryptocurrency tracker Coinmarketcap, it is now the second-largest cryptocurrency behind Bitcoin by value.

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There are also some predictions indicate that the price will be 2 dollar in 2018 . For now, it is hard to say that any party’s claim will be right. However, a rise in the price of Ripple is a movement that will make most people in cryptocurrency industry quite happy.

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Ripple's market capitalisation is now valued at $130 billion, well below Bitcoin's $257 billion but remarkably higher than Ethereum's at $92 billion.

According to Ripple's website, payments using XRP can be completed in four seconds, compared to 2+ minutes for Ethereum and about an hour for Bitcoin.

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This milestone makes Ripple the first cryptocurrency other than bitcoin to break into the 12-figure Many Analysts Have Attributed the Recent Meteoric Price Rise to Ripple ’s ‘Lockup’ of 55 Billion XRP Earlier This Month. Do you think that the XRP markets will continue to rally heading into 2018 ?

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Unlike Bitcoin which was intended to replace physical currency, Ripple was created to help large financial institutions transfer money internationally quickly and cheaply.

While the highs and lows of Bitcoin have been well publicised, many smaller cryptocurrencies have been gaining momentum as speculative investors and hardcore crypto traders look to diversify their portfolios.

Coinmarketcap now places the entire cryptocurrency market as having a capitalisation of $762 billion.

That places the digital currencies just shy of the world's most valuable company in tech giant Apple, which boasts a current market capitalisation of $884.28 billion.

Seniors stranded after bus stop shenanigans .
A group of seniors in the Prime Minister's own electorate have been left furious after their local bus stop was moved to a place that forced them to tackle a steep hill. Ellis, 92, said his pacemaker ruled him out of even trying to make the climb after getting off the bus."If I tried to walk up a hill, firstly I would run out of breath," Ellis told A Current Affair."And the first thing my cardiologist said was, 'you don't walk up any inclines, because I can't guarantee what will happen to you."GP Dr Ted Arnold said there were a huge range of reasons seniors shouldn't be forced to tackle the hill.

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