THIS bitcoin rival has exploded in value over two weeks, making its
creators overnight billionaires — but people smell a conspiracy.
The
price of ripple has increased by 1240 per cent in the last 30 days,
from around 25 US cents to $US3.38, surging past bitcoin cash and
ethereum to become the second largest cryptocurrency.
This time last year, ripple was sitting at just under 0.7 of a US cent. That’s an increase in value of 51,542 per cent in 12 months.
Ripple’s market capitalisation — the price multiplied by the number of coins in circulation — is now $US130 billion, roughly half that of bitcoin, with ethereum on $US96 billion and bitcoin cash on $US41 billion.
Two weeks ago, ripple’s market cap was just $36 billion.
RIPPLE’S founders are the latest crypto billionaires.
This time last year, ripple was sitting at just under 0.7 of a US cent. That’s an increase in value of 51,542 per cent in 12 months.
Ripple’s market capitalisation — the price multiplied by the number of coins in circulation — is now $US130 billion, roughly half that of bitcoin, with ethereum on $US96 billion and bitcoin cash on $US41 billion.
Two weeks ago, ripple’s market cap was just $36 billion.
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