Ripple Price: XRP just hit its highest price ever
Ripple keeps surging, regaining its spot, taking over Ethereum as the second biggest crypto after hitting its new all-time high.
Ripple has hit $US2.69, the highest price it has ever hit, and pushing its market cap to US$100 billion for the first time.
The cryptocurrency has also regained its spot as the second biggest cryptocurrency based on market cap, after Ethereum briefly regained that position yesterday. It's currently holding a US$17 billion lead over Ethereum's market cap.
Why is Ripple's price going up?
This is the second big rise of Ripple we've seen in the last week.
Ripple's potential lies on whether it can get banks and financial institutions on board to replace the old SWIFT system which is currently used by banks for international transactions. Ripple can process transactions much faster and cheaper than SWIFT, processing in seconds - not days - and with far lower fees. More
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