Ripple has been among the tip 10 cryptocurrencies for quite some time now. 2017 has been a good year for the banking and for those who invested in it. The latest refurbish from the markets is that XRP is now the third largest cryptocurrency being traded, ranking just behind Bitcoin and Ethereum. The banking has overtaken Bitcoin Cash, which was holding the third position for some time now.
Over the past few days there have been many ‘market corrections’ which have led to a tumble in the cost of most coins, including Bitcoin. However, Ripple has managed to sojourn clever and uncover a certain expansion in these times. While Bitcoin, Bitcoin Cash and Litecoin all fell by over 10%, XRP remained clever and grew by over 7%.
As a matter of fact, Ripple is the only cryptocurrency in the list of tip 20 currencies to record a distinction over the past 24 hours.
Reason Behind Ripple’s Growth:
This certain expansion is being credited to the fact that SBI Holdings, one of the most renouned names in Japan when it comes to financial services in Japan, has now struck a partnership with mixed credit label companies which will eventually lead towards contrast and adaption of blockchain solutions supposing by Ripple’s technology.
With over a 100 financial institutions already using Ripple powered solutions for counterpart to counterpart transactions, the further of SBI Holdings new partnership would be a profitable asset. This is the reason XRP has managed to sojourn fast even during a time when most coins are going through a downward trend.
With more such partnerships expected to come up in 2018, Ripple looks brazen towards a clever start to the year. 2018 is merely days divided and it looks like it is a good time to be holding some XRP. What are your views on this? criticism next and let us know!
Article source: https://cryptocrimson.com/ripple-third-largest-cryptocurrency/