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Ripple (XRP) value blows up, bypasses Ethereum's market cap

Ripple explodes in value, has a market cap of $84 billion.

@anthony256
Anthony Garreffa
Published Sat, Dec 30 2017 10:07 PM CST   |   Updated Sat, Aug 8 2020 10:29 AM CDT

While the world is concentrating on Bitcoin, Ripple (XRP) mooned over the last 48 hours from its near-$1 to a new record high price of $2.23 on Friday afternoon.

Ripple (XRP) value blows up, bypasses Ethereum's market cap | TweakTown.com

XRP commanded a market cap of $86.3 billion, passing Ethereum and its $73 billion market cap, while Bitcoin is still far and ahead with $247 billion or so. CoinMarketCap tracks the price of cryptocurrencies, reporting that Ripple accounted for 12.5% of the crypto market cap, while Ethereum accounted for around 12.1% of the market.

Ripple was worth less than 1c back in 2016 and reached $1 last week before jumping right up and above $2 on Friday, meaning it has skyrocketed by over 34,700% in 2017.

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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