RATE Group | Ripple’s Market Cap Nears that of Ethereum
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Ripple’s Market Cap Nears that of Ethereum

21 Sep Ripple’s Market Cap Nears that of Ethereum

Posted at 09:17h in Ethereum News by

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Ripple’s explosive bull run culminates with a market cap of $19 billion, a 47% increase since the start of the day.

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The third most popular cryptocurrency, Ripple (XRP), experienced an impressive bull run. According to data from coinmarketcap.com, XRP prices skyrocketed to $0.48, a 47% increase over the $0.32 at the start of the day. The crypto coin has a daily trading volume of over $1 billion.

For a brief moment at the peak of its run, Ripple’s total market capitalization reached $19 billion, just shy of Ethereum’s $22 billion market cap. The last time XRP valued was valued at $19 billion was in June of this year.

Partnership with High-Profile Financial Institutions

Ripple’s bull run began on Thursday after Ripple Labs Inc. executive announced the company is developing a new payment service. In an interview with CNBC, Sagar Sarbhai, head of regulatory relations for Asia-Pacific and the Middle East at Ripple, said the product will be called xRapid and aims to help banks…

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