Ripple Price Hits $0.67 on Top Exchanges (CRYPTO:XRP)
Ripple (CURRENCY:XRP) traded 2.3% lower against the U.S. dollar during the 1 day period ending at 5:00 AM ET on May 16th. Ripple has a total market capitalization of $26.26 billion and $218.86 million worth of Ripple was traded on exchanges in the last 24 hours. One Ripple coin can currently be bought for $0.67 or 0.00008759 BTC on major exchanges including Bitstamp (Ripple Gateway), BitFlip, Kuna and Kraken. During the last seven days, Ripple has traded up 8.9% against the U.S. dollar.
Here is how related cryptocurrencies have performed during the last 24 hours:
- Stellar (XLM) traded 3.8% lower against the dollar and now trades at $0.29 or 0.00003792 BTC.
- IOTA (MIOTA) traded 3.2% lower against the dollar and now trades at $1.68 or 0.00021924 BTC.
- TRON (TRX) traded 3.3% lower against the dollar and now trades at $0.0577 or 0.00000755 BTC.
- NEO (NEO) traded down 2.7% against the dollar and now trades at $52.72 or 0.00690030 BTC.
- Tether (USDT) traded up 0.1% against the dollar and now trades at $1.00 or 0.00013116 BTC.
- VeChain (VEN) traded 6.5% lower against the dollar and now trades at $3.88 or 0.00050830 BTC.
- Binance Coin (BNB) traded 2.2% lower against the dollar and now trades at $16.31 or 0.00213448 BTC.
- Ontology (ONT) traded down 2.5% against the dollar and now trades at $8.30 or 0.00108683 BTC.
- Zilliqa (ZIL) traded 4.2% lower against the dollar and now trades at $0.13 or 0.00001680 BTC.
- 0x (ZRX) traded 4% lower against the dollar and now trades at $1.27 or 0.00016609 BTC.
Ripple Coin Profile
Ripple launched on February 2nd, 2013. Ripple’s total supply is 99,991,958,570 coins and its circulating supply is 39,244,312,603 coins. The Reddit community for Ripple is /r/ripple and the currency’s Github account can be viewed here. Ripple’s official website is ripple.com. The official message board for Ripple is www.xrpchat.com. Ripple’s official Twitter account is @Ripple and its Facebook page is accessible here.
According to CryptoCompare, “The Ledger and ConsensusThe Ripple protocol is, at its core, a shared public database. This database includes a ledger, which serves to track accounts and the balances associated with them. The ledger is a distributed database — a perfect, shared record of accounts, balances, and transactions in the Ripple protocol. It is continually and automatically updated by the Ripple Transaction Protocol (RTXP) so that an identical ledger exists on thousands of servers around the world. At any time, anybody can review the ledger and see a record of all activity on the Ripple protocol. When changes are made to the ledger, computers connected to the Ripple protocol will mutually agree to the changes via a process called consensus. The Ripple protocol reaches consensus globally within seconds of a change being made. The consensus finding process is the engineering breakthrough that allows for fast, secure, and decentralized transaction settlement on the Ripple protocol. The World’s First Distributed ExchangeNo one owns or controls the Ripple protocol. It runs on computers around the world, all working together to continually maintain a perfect, shared record of accounts, balances, and transactions. Distributed networks offer many efficiencies over centralized networks. Because the network is “self-clearing”, it eliminates the need for a centralized network operator (and gets rid of the associated layer of fees). Because there is no single point of failure, distributed networks are more reliable. They also tend to be more secure, due to their open source nature. “
Buying and Selling Ripple
Ripple can be traded on these cryptocurrency exchanges: CoinBene, Bithumb, LiteBit.eu, BCEX, BX Thailand, Coinrail, Kuna, Bitsane, Coinbe, Tripe Dice Exchange, BTC Trade UA, Ripple China, Qryptos, Upbit, Kraken, Exmo, Zebpay, CoinEgg, Binance, Indodax, Bits Blockchain, Stellar Decentralized Exchange, Cryptomate, BTC Markets, Bitlish, Bitstamp (Ripple Gateway), Bitbank, Gatehub, Ovis, BTCTurk, Orionx, Bitso, Abucoins, Fatbtc, Exrates, Bitfinex, Vebitcoin, CEX.IO, Poloniex, The Rock Trading, Unocoin, BitBay, LakeBTC, Koinex, CoinFalcon, OKEx, Braziliex, Korbit, Bittrex, RippleFox, Mr. Exchange, BitMarket, Gate.io, OTCBTC, ZB.COM, Coinone, BitFlip, HitBTC, GOPAX, CoinEx Market, Quoine, Huobi, Bitstamp, xBTCe, Sistemkoin, Koineks and Bitbns. It is usually not currently possible to purchase alternative cryptocurrencies such as Ripple directly using US dollars. Investors seeking to trade Ripple should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Ripple using one of the exchanges listed above.
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