Ripple

Crypto Carnage Continues – Ripple Now Down 40% Year-To-Date

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– Crypto Carnage Continues – Ripple Now Down 40% Year-To-Date:

Overnight reports from South Korea started it; European regulator comments extended it this morning; and Shanghai “scrutiny” headlines just sparked another slam as cryptocurrencies are getting hammered today…

We detailed the anxiety over a more widespread crackdown on crypto-trading overnight, and since the US came back from its MLK-Day vacation, things have got worse.

It started with a repeat of South Korean finance ministry shutdown headlines.

Then Steven Maijoor, chairman of the European Securities and Markets Authority, said investors “should be prepared to lose all their money” in bitcoin, in a Bloomberg TV interview in Hong Kong. “It has an extremely volatile value, which undermines its use as a currency,” he said. “It’s also not broadly accepted.”

Read moreCrypto Carnage Continues – Ripple Now Down 40% Year-To-Date

Ethereum Hits Record High Above $1,000 As Ripple Sinks On Coinbase Denial

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– Ethereum Hits Record High Above $1,000 As Ripple Sinks On Coinbase Denial:

Whether it is Coinbase’s denial of plans to include Ripple on its network or simply a broader understanding of the asset, 2018’s high-flyer is lagging today as investors regain their appetite for Ethereum (record highs over $1000) and Bitcoin (over $16k) overnight.

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Ripple Ramp Continues – 2017’s Best-Performing Crypto Is Up 30% Already In 2018

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– Ripple Ramp Continues – 2017’s Best-Performing Crypto Is Up 30% Already In 2018:

After gaining over 36,000% in 2017 – the best-performing crytocurrency, Ripple is soaring again today (after a brief dip yesterday) to $100 billion in market cap and up 30% year-to-date for 2018.

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

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

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.

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Rotation Continues – Ripple Tops Ethereum As 2nd Largest Cryptocurrency

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– Rotation Continues – Ripple Tops Ethereum As 2nd Largest Cryptocurrency:

For a brief period overnight, Ripple overtook Ethereum as the 2nd largest cryptocurrency (topping $71 billion in market cap) as the recent rotation from Bitcoin, Litecoin, and Ethereum into Ripple continued overnight.

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Ripple Officially Overtakes Bitcoin Cash, Surpasses $51 Billion Market Valuation

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The bankster coin is doing well…

– Ripple Officially Overtakes Bitcoin Cash, Surpasses $51 Billion Market Valuation:

Over the past 24 hours, Ripple has overtaken Bitcoin Cash to become the third largest cryptocurrency behind bitcoin and Ethereum, with a staggering $51 billion market valuation.

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While Bitcoin Implodes, This Rival Cryptocurrency Has Grown Yy A Jaw-Dropping 22,000%

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Ripple, also known as the bankster coin…

– While bitcoin implodes, this rival cryptocurrency has grown by a jaw-dropping 22,000% :

Bitcoin is continuing to lose its dominance over the cryptocurrency market, losing over 14 percent of its value in the last 24 hours. At the same time, rival virtual currency ripple surged almost 20 percent to its all-time high.

Ripple’s gains followed the news that Japanese financial services company SBI Holdings and its subsidiary SBI Ripple Asia are to launch a “consortium” with Japanese credit card companies to use blockchain technology, CNBC reported.

The advantage of ripple is that it is not just a cryptocurrency. It is also used as a digital protocol that acts as a bridge to other currencies and doesn’t discriminate against peers whether they are using digital money, fiat currencies or even mobile minutes.

Read moreWhile Bitcoin Implodes, This Rival Cryptocurrency Has Grown Yy A Jaw-Dropping 22,000%

3 Cryptocurrencies to Consider Buying Over Bitcoin

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– 3 Cryptocurrencies to Consider Buying Over Bitcoin:

Ethereum

There’s a good reason why Ethereum is the second-largest cryptocurrency by market cap: It has a really popular blockchain. Formed earlier this year, the Enterprise Ethereum Alliance is comprised of 200 organizations that are currently testing a version of Ethereum’s blockchain in demo, pilot, and small-scale projects. These testers include governments, financial-service companies (which are expected to be the biggest benefactor of blockchain technology), and tech and energy companies.

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Ripple

Another cryptocurrency that’s been very impressive of late is Ripple. Its token, the XRP, has galloped higher by more than 12,000% since the year began.

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Stellar

Sticking with the theme that blockchain is king, one under-the-radar cryptocurrency you should be following is Stellar (formerly Stellar Lumens), and its coin, the XLM. This is a virtual currency that holds true to its name, as the XLM has been “stellar” this year with a 10,400% year-to-date gain.

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H/t reader kevin a.

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Cryptocurrencies Rip Higher As Dip-Buying Replaces Panic-Selling

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FYI.

– Cryptocurrencies Rip Higher As Dip-Buying Replaces Panic-Selling:

Yesterday’s triple-legged panic-selling across the crypto-space, which saw Bitcoin and Ethereum down 30 and 40% respectively at their worst ended around 10amET and while the mainstrea media was happy to declare (once again) the death of Bitcoin et al., the entire crypto world has soared since – almost erasing the entire day’s losses.

Across the board, cryptocurrencies are soaring…

Which has pushed Bitcoin, Ethereum, Ripple, and Litecoin back to almost unchanged from Thursday…

Interestingly the collapse in cryptos appears to have been stalled by the limit-down halt in CME Bitcoin Futures – ironic really given the mainstream view that futures trading would be the end of cryptos.

Now, let’s not get too carried away as Bitcoin remains well off its record highs, but on the other hand a 45% bounce off the lows is nothing to shrug off…

Read moreCryptocurrencies Rip Higher As Dip-Buying Replaces Panic-Selling

Forget Bitcoin: Rival Ripple Rockets 16,000% This Year

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Reader “kevin a” has recommended Ripple several times before, when it was much cheaper than today.

Back then the price was $0.22-0.30.

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– Forget bitcoin: Rival ripple rockets 16,000% this year:

he price of the world’s fourth largest digital currency ripple has passed the one-dollar milestone for the first time. Ripple’s XRP token has risen 160 times in value in 2017.

Ripple was trading at $1.10 as of 14:34 GMT on Thursday with a market cap of $42 billion, according to data from CoinMarketCap. The cryptocurrency was worth just over 0.006 cents in January.

 

 

The rally in the relatively cheap virtual currency followed several months of sideways trading. Ripple started its upward move a week ago on positive news for the banking-oriented cryptocurrency. The surge was also triggered by a general increase in prices among rival altcoins with investors searching to move funds away from an overstretched and declining bitcoin.

Rumors that ripple may appear on Coinbase in 2018 reportedly fueled the price rise with the currency expected to cost a few dollars or more next year if widely used as a digital asset.

Moreover, financial institutions such as Standard Chartered and Axis Bank announced a new cross-border payment platform built on top of technology developed by ripple. The platform connects corporates in Singapore and India.

Read moreForget Bitcoin: Rival Ripple Rockets 16,000% This Year