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XRP Creates Wave In Cryptocurrency Industry By Rising 100 Percent In 7 Days

Ripple (XRP), which was considered one of the worst performers in the cryptocurrency industry in the aftermath of digital currency crash, has shown a positive indication for the crypto enthusiasts. Now it is doing better exceeding Ethereum and increased by some 100 percent over the last 7 days. The market investors have started considering it worth investing.

With the declaration of launching a new product XRapid from the house of Ripple, the experts believe that the value of XRP will further rise. The Head of Government and Regulatory Relations, Asia Pacific and the Middle East at Ripple, Sagar Sarbhai gave more hope to the crypto market enthusiasts that they will see some good news in the next one month. The upcoming new product will help the banks and financial institutions to speed up the transaction process using XRP. It will facilitate faster cross-border transactions for the banks and financial providers.

XRP went down by some 70 percent from its acme as most of the major cryptocurrencies settled after 2017’s huge bull run. The price of Ripple outpoured to over $3 in 2017 from $0.006 since its beginning. Presently, it is trading at a tad more than $0.55 with a market capitalization of $22.2 billion, which makes it third in the list of top valuable cryptocurrencies, as reported by Forbes.

On the other hand, over the past week there has been a hike in searches of XRP, Ethereum World News noted. The report says that there XRP has more than doubled in searches in the last week what online Google trend tool revealed.

As far as the development of XRP cryptocurrency is concerned, a live video streaming platform Twitch along with the most popular YouTube and Wikipedia will now accept payments in XRP tokens directly from the users. All thanks to Coil startup (invented by Stefan Thomas, former CTO of Ripple Labs), this large step could bring a substantial rise in market capitalization for the project. Coil is contemplating to accomplish more such similar projects with the utilization of this feature, Blockmanity revealed.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
coinmag

Having over 11 years of experience in Journalism, Subhro has become fascinated by cryptocurrency over the last couple of years.

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