Rank #4
xrp XRP
$ 2.0188
0.00%
0.00002545 BTC
2,545 satoshies0.00%
Market Cap
117,64 BN. $
24 Hour Trading Vol
3,38 BN. $
Circulating Supply
58,27 BN.
Total Supply
99,98 BN.
Max Supply
100,00 BN.
Fully Diluted Valuation
201,16 BN. $
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About Coin
Ripple is the catchall name for the cryptocurrency platform, the transactional protocol for which is actually XRP, in the same fashion as Ethereum is the name for the platform that facilitates trades in Ether. Like other cryptocurrencies, Ripple is built atop the idea of a distributed ledger network which requires various parties to participate in validating transactions, rather than any singular centralized authority. That facilitates transactions all over the world, and transfer fees are far cheaper than the likes of bitcoin. Unlike other cryptocurrencies, XRP transfers are effectively immediate, requiring no typical confirmation time.
Ripple was originally founded by a single company, Ripple Labs, and continues to be backed by it, rather than the larger network of developers that continue bitcoin’s development. It also doesn’t have a fluctuating amount of its currency in existence. Where bitcoin has a continually growing pool with an eventual maximum, and Ethereum theoretically has no limit, Ripple was created with all of its 100 billion XRP tokens right out of the gate. That number is maintained with no mining and most of the tokens are owned and held by Ripple Labs itself — around 60 billion at the latest count.
Even at the recently reduced value of around half a dollar per XRP, that means Ripple Labs is currently sitting on around $20 billion worth of the cryptocurrency (note: Ripple’s price crashed hard recently, and may be worth far less than $60 billion by time you read this). It holds 55 billion XRP in an escrow account, which allows it to sell up to a billion per month if it so chooses in order to fund new projects and acquisitions. Selling such an amount would likely have a drastic effect on the cryptocurrency’s value, and isn’t something Ripple Labs plans to do anytime soon.
In actuality, Ripple Labs is looking to leverage the technology behind XRP to allow for faster banking transactions around the world. While Bitcoin and other cryptocurrencies are built on the idea of separating financial transactions from the financial organizations of traditional currencies, Ripple is almost the opposite in every sense.
XRP by Ripple price can be found on this page alongside the market capitalization and additional stats.
Where is XRP available for purchase?
You can exchange XRP tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading XRP is Binance, notably the XRP/USDT pair, which saw a trading volume of $ 381,48 MLN. in the past day. Additionally, Coinbase Exchange and Bitget are popular alternatives for trading tokens.
What is the highest value XRP (XRP) has ever reached?
XRP (XRP) reached its peak price at 3.4 $ on 07 January 2018, approximately 7 years ago ago. Presently, the current price is -40.62% lower than this all-time high.
What is the historical minimum price for XRP (XRP)?
The minimum price reached for XRP (XRP) was 0.002686 $, documented on 22 May 2014, more than 11 years ago. In comparison, the current price is 75,054.21%, it above this historical low.
What is the fully diluted valuation of XRP (XRP)?
The fully diluted valuation (FDV) of XRP (XRP) stands at $ 201,16 BN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 100,000,000,000 XRP tokens. The realization of this FDV might take several years depending on the emission schedule of XRP tokens.
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