January 19, 2018

Ripple Retreats as Coinbase Denies New Coin Listing Rumors

07 January 2018, 09:09 | Austin Hogan

But while Bitcoin is the dominant cryptocurrency, there are others snapping at its heels and one has nearly caught up. While 2017 was the year the awareness around Bitcoins and cryptocurrencies at large grew at an all-time high, it was Ripple which truly stole the show. Those assets catapulted him within reach of Facebook's Zuckerberg, now No. 4 on Forbes' richest person list with around $74 billion, and ahead of Oracle co-founder Larry Ellison, who's worth about $59 billion. Just three weeks ago the token was trading for less than a dollar. Bitcoin's creator is now unknown. But back then ripple was only worth about 36 cents. A total of one-hundred billion XRP were created when Ripple Labs created the currency. Evaluated at close to $55 Billion, Chris Larsen is now eyeing at Mark Zuckerberg's no. 4 spot. Forbes estimated his worth to be $59 billion (£43.5bn). It goes without saying that now is probably a good time to invest in Ripple, while it's still relatively affordable, but that - unlike Bitcoin - you'll probably need a whole bunch of them for it to really pay off. Not us, so don't take our advice. Ripple is also centralized, created by its namesake company as a.Bitcoin, on the other hand, is almost completely unregulated. There's Ethereum, Litecoin, Einsteinium (what?) and Byteball (really?).

The astounding surge in bitcoin's price has been all over the news as of late, with the cryptocurrency now being traded on the CBOE exchange in Chicago.

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Over the past year, Ripple's price has increased from $0.01 per coin to a staggering $3.33 at the time of writing.

Still, bubble or otherwise, it seems like cryptocurrencies have long moved past their shady origins and have truly infiltrated the mainstream consciousness. And the next two days, the value price crossed past $1,000.

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