Ripple Price for today is $0.3347500314. Its current circulating supply is XRP 99,991,874,018 with a market cap of $13,179,911,959.
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Currently, Ripple (XRP) is trading at $0.3348 with XRP price 4.01% up today. The market cap of Ripple is USD 13,179,911,959 with 39,372,399,467 xrp circulating currently. The 24-hour price movement chart indicates that $245,910,166 worth of XRP were trading. The price peaked to $0.5148 in the last 24 hours while the lowest price was $0.4741.
Ripple price prediction suggest that the Ripple price is up for a long-term 1251.456184% in the XRP price value with a 5-year investment. This means that in the year 2023, the Ripple price is forecasted to stand at $4.524 . You can keep track of Ripple’s progress by adding it to your wallet portfolio.
Ripple is consistently adding new clients including some marquee names in the banking world. Financial institutions prefer the Ripple protocol to transfer money across the globe. The asset has been projected to reach new peaks and in the coming future, with more clients, Ripple will is expected to significantly increase its market cap. With financial institutions such as American Express, Standard Chartered, Axis Bank, Santander and MUFG testing Ripple and its technologies, there is a strong possibility of growth, especially now after Ripple’s venture capital fund set up announcement.
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Since its inception, cryptocurrency has been fraught with both unintended fame and controversy, being touted as a revolutionary monetary exchange medium, an alternative to money. Following the surge in acceptance across the globe, CoinSwitch, the largest cryptocurrency exchange, invites you to be a part of this consensus! Built on a highly-renowned trust exchange, CoinSwitch is a seamless experience of reliable and secure exchanges available on the cryptocurrency market.
Unlike other exchanges, CoinSwitch aggregates and compares amongst the best exchanges, allowing benefactors to buy Ripple or any other cryptocurrency. Use our comparison tool to buy Ripple XRP from Bitcoin, Ethereum, Litecoin, Monero and many others. Benefactors can also sell Ripple to obtain a cryptocurrency of their choice from among CoinSwitch’s over 300 cryptocurrencies, with a possible 45,000 exchange pairings. In order to buy Ripple cryptocurrency and be a part of Ripple exchange using CoinSwitch, benefactors must have a cryptocurrency wallet address.
They can do so by setting up a stable wallet version of a cryptocurrency they so desire, and will obtain a unique address and “private key” for their wallet upon purchase. CoinSwitch will never ask benefactors for their private key. Exchanges in a Ripple trade are done between sender and receiver wallet addresses.
Ripple coin price has seen unprecedented growth in the last year with a whopping 700% price rise. More and more payment providers are being onboarded based on its consensus mechanism. This does not, however, make it blockchain. Ripple uses HashTree, which is a persistent data structure, to summarize data compared across a network of validating servers to establish this 'consensus'. The key point to remember is that these servers can belong to anyone, from an individual to the banks themselves. Ripple uses this “distributed consensus ledger” in lieu of blockchain technology.
Ripple cryptocurrency hasn't, of yet, faced an issue in 30 million recorded transactions itself is testament to the stability of its platform. The Ripple currency or digital asset, XRP, was the unintentional superstar in the light of BitCoin, with only 100 billion tokens to ever be issued. The company has come out and stated that only this issued 100 billion would ever be in circulation. The use of XRP isn't tied to the Ripple network, in a manner of speaking; banks and payment providers don't actually need the Ripple coin to transfer currency. Instead, they use Ripple to move money, regardless of the currency itself. The crux lies in the network itself and its ability to move money.
Notwithstanding, XRP has its purpose in tackling the problem of liquidity issues. Payment providers stand to gain in terms of their role as a medium of money transfer. As of 2018, all products released include xRapid, xCurrent and xVia which improves XRP's position in the blockchain network.
If you are new to crypto trading, it's always advisable to learn about, what is Ripple, it's benefits and indicative return on investment.