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The cryptocurrency market had a spectacular 2024, with the cumulative value of all coins and tokens in circulation hitting a record high of $3.9 trillion in December. XRP (CRYPTO: XRP) was one of ...
XRP Price Chart XRP Price data by YCharts . With gains of 987% over the last five years, a $10,000 initial investment in Ripple five years ago would now be worth more than $108,000.
XRP tokens currently have a value of $0.392, with a market cap of $19.75 billion. XRP has not entered mainstream use quite yet. The financial institutions that use Ripple’s network are still in ...
The market capitalization of a cryptocurrency is calculated by multiplying the price by the number of coins in circulation. The total cryptocurrency market cap has historically been dominated by bitcoin accounting for at least 50% of the market cap value where altcoins have increased and decreased in market cap value in relation to bitcoin.
The first and most widely used decentralized ledger currency, [8] with the highest market capitalization as of 2018. [9] 2011 Litecoin: LTC, Ł Charlie Lee: Scrypt: C++ [10] PoW: One of the first cryptocurrencies to use scrypt as a hashing algorithm. 2011 Namecoin: NMC Vincent Durham [11] [12] SHA-256d: C++ [13] PoW: Also acts as an alternative ...
The XRP Ledger peer-to-peer overlay network is characterized by a small-world network topology, featuring a tightly clustered structure and short paths between nodes. [12] Information systems expert Mary Lacity notes that this platform "uses much less electricity than Bitcoin—about as much electricity as it costs to run an email server".
XRP is one of the few tokens I own, and I think it has strong potential due to its fixed supply and efficient network. Its ties to Ripple and RLUSD may also prove bullish.
That caused a significant decline in XRP's market capitalization and created chaos on the markets. [2] [3] According to Bloomberg, in November 2019, Coinmarketcap introduced a Liquidity metric designed to combat fake trading volume. [4] In April 2020, Binance, a cryptocurrency exchange, acquired Coinmarketcap for an undisclosed amount.