Ripple continues to surge while other cryptocurrencies shed value

By TechJuice on
December 29, 2017
  -   Like us now!  

All the cryptocurrencies especially the top 500 coins are going through a massive shed of value these days. This price correction was expected due to the volatile increase in their prices. While investors in these cryptocurrencies have lost their sleep. Ripple quietly continues to move forward and now is being traded at $1.51.

Just 2 months ago, Ripple was being traded at $0.246433. This is a massive gain for investors. On the other hand, Bitcoin after touching $19,000 is back to being traded at $15,000 at the moment.

Read Also: How to Buy Ripple in Pakistan

Ripple is one of the top altcoins out there in terms of market capitalization. It is not a competitor to Bitcoin but rather considers itself a compliment. Ripple allows fast borderless transactions. It is peer to peer. Unlike other cryptocurrencies, Ripple can’t be mined. There are 100 billion Ripples out there and as a result of each transaction a small number of Ripples are destroyed which adds a deflationary measure to the system.

Unlike other cryptocurrencies, Ripple has shown stability and its price hasn’t fluctuated much over the year. A lot of banks are acquiring Ripple protocol and it seems like more banks will be acquiring Ripple protocol in the year 2018.

Like our stories? Follow our Instagram for pictorial updates.Follow @techjuicepk

Children in Pakistan need safe and censored access to internet, Unicef
Samsung Galaxy S9 and S9+ gets approval from FCC


NameDescriptionLink is a peer-to-peer bitcoin exchange, a site where you can list your own bitcoins for sale or buy bitcoins directly from other users.Buy Bitcoins
Coinmama lets you buy bitcoins with your credit card or cash.Buy Bitcoins
With Binance, you can buy and sell Bitcoins and altcoins easily. Get into Cryptocurrency trading on this exchange.Buy Altcoins
Coinbase is the easiest place to buy, use, and accept bitcoin, ethereum, and litecoin.Buy Bitcoins