Ripple is a semi-decentralized nature project that combines the technology of the cryptocoins with some of the policies and practices of the banking, offering options that adapt to the current requirements of the financial industry and avoiding the Possibility of certain illegal practices that Bitcoin and other cryptocoins today allow. Due to the commercial alliances with large banking conglomerates and other financial entities which have always been the main reasons for the value of Ripple's assets, XRP, coupled with the announcements of technical updates and Other events that occur in your environment.
Ripple is a banking technology that wants to ensure the adoption of its market to reduce operating costs and transform into what should be defined as the blockchain for financial systems in banks and currencies.
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Among these alliances are Ripple's alliance with the Bank of Tokyo-Mitsubishi UFJ (BTMU), the banking arm of the MUFG consortium, the third largest bank in the world and the most important in Japan. This alliance places the Japanese within the group of global banking institutions that make up the global Payments Steering Group (GPSG), a Ripple initiative for interbank payment that includes other industry giants like Bank of America Merrill Lynch, Santander, Standard Chartered, Westpac Banking Corporation, Royal Bank of Canada and the CIBC.
Now we can go to the numbers.
The behavior of this crypto currencies is the following since its launch
As we can see in the dates of its release its value was less than $0.25 showing an increase during the months of April and June of the year 2017 surpassing the $0.25 that until the moment was its greatest value since its birth.
For the months of December has broken all its barriers reaching a record value of $2.82 a fairly considerable increase in just 6 months, the incredible thing is that this cryptocoins continues to increase its value.
Ripple's capital volume is distributed as follows:
The measurement of people who are following the steps of this cryptocoins is also increasing as shown in the following graph:
The current capitalization of the Cryptocoins is:
By making a simple comparison with the current values with other more famous currencies we can see the growth differences in the short term and due to the declining value of the BTC.
The increase of the week was 90.49% in comparison to Cardano ADA which I would like to speak on another occasion of it and the ethereum which despite the decline in prices has kept its value in an almost masterful way.
I hope you liked this little summary until next time.
As an observation I do not advise investing or making any purchases with reference to these items only seek to inform and have knowledge that is a currency with enough projections to continue to grow so if you invest is under your responsibility.
Assuming the challenge of #challenge30days Proposed by @dragosroua
