Yesterday on the 14th of December Ripple had a crazy pop in price going from 25 cents to 90 cents! That means it increased by over 300%! That’s insane. For those who bought in early made a very hefty profit.
So why has the price of Ripple increased so much?
Ripple is a payment network. It’s a platform that makes it easier to transfer currencies to other currencies around the world in as quick as 4 seconds.
Here is the time taken to complete a process comparison.
Credit – The Sun Newspaper
Ripple is focused on working with banks and other institutions in the attempt to offer the world an efficient and cost-effective way of sending real-time payments across the world.
Ripple is growing more in popularity everyday and we could see the price hitting well abouve 1$ in the next few weeks.
As Ripple has support from many banks its starts to suggest that Ripple can be accepted as a cryptocurrency. As a lot of banks are against Bitcoin etc. This for the reason of the dramatic increase in price.
Where can you buy Ripple?
Ripple can be bought from many of the popular online exchanges such as Bittrex, rumours that Coinbase will soon support Ripple are also starting to spread.
When storing bitcoin make sure you keep them safe in a Bitcoin hardware wallet so hackers are unable to steal your coins.
Will you be buying Ripple? Or do you think this trend will die quickly.