Ripple coins soar to record above $3--stalks bitcoin for crypto dominance
From marketwatch.com
The virtual currency known as Ripple coins soared to a record on Wednesday, solidifying a rally in the world’s No. 2 digital asset and closing in on bitcoin for dominance of the nascent industry. Ripple has surged over 90% over the past week, with a single coin valued at $3.03 trading at intrasession record, according to research site CoinMarketcap.com. That puts San Francisco-based Ripple Labs’s total value at about $117 billion. However, factoring the total supply of Ripple coins, including some 55 million Ripple coins held in escrow by its executives, the total value of Ripple is around $300 billion. That ...
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