Ripple’s Explosive Surge Accelerates; Market Cap Crosses Half Of Bitcoin’s

Saturday, December 30, 2017
By Paul Martin

by Tyler Durden
Sat, 12/30/2017

Yesterday morning we highlighted that even as the broader cryptocurrency universe had gotten slammed following the latest threats out of South Korea, the price of the digital currency XRP, also called Ripple, exploded over the past week, and overtook Ethereum in market cap, making it the second biggest cryptocurrency in circulation after Bitcoin.

Then overnight the surge continued, with Ripple – which one week ago was trading around $1 – exploding even higher, rising as high as $2.80, or a $110 billion market cap and just over half that of Bitcoin’s $212 billion, before easing slightly to $2.42 as of this moment, implying a market cap of roughly $95 billion, up 33% from $1.84 yesterday.

As a result of the Ripple surge, the total market cap of the Cryptospace just shy of its all time high, at $560 billion as of this morning according to coinmarketcap…

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