RATE Group | Like the rest of the cryptocurrency market, XRP was slaughtered
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Like the rest of the cryptocurrency market, XRP was slaughtered

02 Nov Like the rest of the cryptocurrency market, XRP was slaughtered

Posted at 10:17h in Cryptocurrency News by

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Ripple XRP (XRP) is perhaps the most divisive digital asset on the market. True believers remain adamant it’s a revolutionary cryptocurrency, while critics posit it barely resembles Bitcoin, so it should be ignored.

Still, XRP is the third most popular digital asset in the world. With a market capitalization (cap) of more than $12.5 billion, it trails behind only Bitcoin and Ethereum in terms of total value.

In fact, XRP stands out like a sore thumb in CoinMarketCap’s top six cryptocurrencies, as it’s the only coin that isn’t derived from a permissionless blockchain that leverages Proof-of-Work (aside from popular stablecoin Tether).

Quite an impressive feat for a digital asset that has no miners, and pitches itself almost exclusively as a settlement token for the financial sector.

XRP/USD 2019 Q2 performance recap

The market for XRP mirrored other major cryptocurrencies in the beginning. It opened Q2 at $0.3105 and almost immediately jumped…

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