Ripple Price for today is $0.464184. Its current circulating supply is XRP 99,991,944,394 with a market cap of $18,217,042,506.
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 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.
Currently, Ripple price stands at 0.464184 $, with the trendline at a bearish run. Conswitch’s Ripple price chart allows for a more real-time reviewing of the trends.
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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 first cryptocurrency and altcoin exchange aggregator, invites you to be a part of this consensus!
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Ripple coin price has seen unprecedented growth in the last year with a whopping more than 36000% price rise in 2017. 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.