Ripple has overtaken Ethereum as world’s second-largest cryptocurrency. Its XRP token climbed more than 50% on Saturday.
In just 24 hours, Ripple rose to as much as $2.20.
Ripple has had one of the biggest growth amongst digital tokens this year, going from less than a cent ($0.006523) in January, to $2.24 on Saturday, which represents a surge of almost 350 times in value.
This could be because of the increase in interest by speculators, as is the case of most cryptocurrencies, but various experts claim that Ripple is worth looking into.
The advantage of ripple, according to its backers, is that it is not just a cryptocurrency but 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.
Unlike bitcoin and other cryptocurrencies, Ripple follows a centralised system and its owners are known.
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