Ripple Crosses $100 Billion MarketCap
Amidst an overall bearish market, Ripple crosses $100 Billion MarketCap. While the majority of coins & tokens were taking a dip in the 'Red' sea, Ripple had the time of its life.
Major coins such as Bitcoin, Ethereum, Litecoin & Dash slumped by 8.72%, 5.35%, 8.11% & 7.25% respectively. Whereas Ripple soared to its all time high figures of $2.80. The market cap also rose to $108.588 Billion.
Ripple not just soared t unprecedented heights, it also toppled Ethereum from its second spot. Sitting pretty on the second position is Ripple, and going berserk into the space!
The dream run, for Ripple, had began on the 27th Dec when the news of a partnership between SBI Ripple and a number of credit card companies from Japan had come out.
The consortium of these Japanese credit card companies will utilize the Ripple's Blockchain for their financial transactions etc.
Surely, this is nothing short of a dream come true for the Ripple holders, who are enjoying this valuation growth in such quick succession. Not long time ago, Ripple was valued at around 20 Cents and just a couple of weeks later, its value has gone 15 folds up.
Litecoin that was featuring in the top 5 positions, on the CoinMarketCap.com, has slid to the 6th position. The 5th spot has currently been occupied by a relatively new, but promising, coin called Cardano. The MarketCap of Cardano is at $14.29 Billion, whereas for Litecoin the value is $12.64 Billion.
The below screenshot depicts the top 10 coins, by market cap, on CoinMarketCap.com: