Ripple Surges to Become The Second Most Valued Cryptocurrency

[cryptorakibul]

A huge surge in buying interest of Ripple has taken the cryptocurrency at the number two spot on the crypto charts. Ripple has been on a crazy ride as the value of cryptocurrency has surged by a 100% in the past seven days itself..

Today, this altcoin has set one new record to its journey as for a time, the cryptocurrency’s overall market cap crossed that of Ethereum making Ripple as the second-most valued coin on the charts after Bitcoin. At this time, the market cap of Ripple crossed $73.5 billion leaving Ethereum behind who has been occupying the number two spot for quite a long time now..

One of the major reasons attributed to the surge in Ripple’s price over the past one month is the testing of Ripple technology by some Japanese and South Korean banks. Moreover, two-days back, Tokyo-based SBI Ripple Asia created in January 2016 – founded by Japanese financial services firm SBI Holdings and Ripple announced the formation of a “consortium” with some Japanese credit card companies to use the revolutionary blockchain technology..

Apart from Japan, a huge rush of investors to buy Ripple is seen on the South Korean cryptocurrency exchanges wherein the altcoin was also seen trading at a premium price over its value on other exchanges. While talking to CNBC about the future plans, Ripple CEO Brad Garlinghouse said: “We are going to invest in the ecosystem to both help accelerate the adoption of Ripple’s technology..