XRP (XRP) price, Ripple,marketcap, chart, and info | CoinMarketCap
Ripple is a cryptocurrency and payment network. It allows for fast and cheap international payments, for more information - keep reading
CoinMarketCap is a website that lists the prices of various cryptocurrencies. It also provides other information about those currencies, such as their market caps (the total value of all the coins in circulation).
Ripple’s goal is to make it easier for people to send money around the world.
Current ripple price
As of 12/7/17, the current ripple price is $0.25.
In the past, the ripple price has reached a high of $3.84 on January 4, 2018. It has also seen a low of $0.18 on December 7, 2017.
What is Ripple?
Ripple is a payment network and cryptocurrency which aims to make it easier for people to send money around the world. The currency has seen a surge in value in recent months, reaching a high of $3.84 on January 4, 2018. However, like all investments, Ripple carries risk and should be considered before any purchase or investment.
Marketcap: market cap
Ripple’s market cap is the total value of all the ripple coins in circulation. This number changes constantly as the price of ripple changes.
Chart:
CoinMarketCap also provides a chart which shows the price of ripple over time. This can be helpful in seeing how the currency has performed historically.
How does XRP work?
The XRP Ledger uses peer-to-peer server networks, which run XRP operations with permission. XRP is an official token which is designed to act as an “interface” between hard-to-match fiat currency. If, for example, there’s no marketplace maker who would trade shekels for shillings it would be possible to exchange these for xRP and use those for buying shillings. It is based upon the Federated consensus algorithm which resembles proof-of-work and proof-of-stake mechanisms because network participants can be trusted by other members of the community. And, unlike miner, they aren’t rewarded for protecting networks.
XRP is a form of digital currency, created and held electronically. It’s based on an open-source protocol called Ripple. XRP can be used to buy goods and services, just like regular money.
Ripple Labs designed the XRP ledger and the protocol it runs on to enable users to send any currency they want to any other user in the world, without having to go through a third party like a bank.
They did this by creating a system where XRP acts as a bridge between different currencies. When someone wants to send money in a different currency, they need to convert it into XRP first. Ripple Labs then converts it into the desired currency for the recipient. This system allows for quick and easy transactions between different currencies.
Live Ripple XRP Value and Market Cap
Live prices on XRP are determined by market equilibrium and fluctuate constantly depending upon the market. Because of XRPs volatile nature, their live values can fluctuate incredibly quickly. The price per XRP is equal to the price of XRP multiplied by the amount of XRP coins in circulation, this value therefore changes depending on the price.
CoinMarketCap also provides a live graph of the Ripple XRP value. This can be helpful in seeing how the currency is performing in real time. Additionally, CoinMarketCap provides a live market cap for Ripple XRP. This number updates as the value of Ripple XRP changes.
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