Ripple and Bitcoin has Increased by 140% within 3 Days

Nishanth Shetty

Nishanth Shetty

December 15, 2017 12:12 pm

Ripple and Bitcoin has Increased by 140% within 3 Days
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Cryptocurrency News

From past few months, the Ripple has grown over 141% with the range of $0.15-$0.25 from the past six months to the past three trading sessions till December  13.

The digital currency increased to $0.58 on December 14 from $0.24, according to the data available.

Cryptocurrency Litecoin has also surged beyond $100% at the same time.

The unexpected growth in the price of ripple recently overtook Litecoin on the market capitalization. Ripple is the Third largest cryptocurrency following Bitcoin, Ethereum, and Bitcoin Cash. Ripple has the market capitalization worth around $22 billion, where Bitcoin, Ethereum and Bitcoin Cash has the market cap around $279 billion, $72 billion, and $30 billion, specifically.

Bitcoin, Ethereum, and Ripple have surged more than 68% and 205%, specifically, in December.

 But, different from bitcoin, the generation of ripple coins is not possible through mining.
The currency is only issued by Ripple Labs itself. To stop the inflation amount of the ripple units is limited to 100 billion, 99 billion have already generated and around 55 billion have been distributed to the users as well.

Deutsche Bank Wealth Management report said:

“Seen from this angle, Ripple Labs is only a digital bank. Power and control lie here with the company, not the users.”

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