As Forbes calls it, Bitcoin might be the market’s religion and the most worshipped token but Ripple has great returns to offer. After a roller coaster ride since the beginning of the year, Ripple [XRP] has finally gathered momentum and surging with a 43% gain in just a week.
Ripple has seen both ends of extremities this year, reaching as low as $0.48 in mid-April to this year’s high at a peak of $1.46 in late January this year. Since the last 24 hours, XRP has been shooting up by 10% and is trading at $0.91 as seen at 5.30 AM UTC on April 21st.
With an increase in its market cap from as low as $18 billion earlier this month, it is now worth a whopping $35.62 billion with the closest competitors being Bitcoin Cash at $19 billion. The market trend is surely green with most of the top currencies up over the last 24 hours and looks like Ripple will finish the race as one of the top gainers.
There are a number of factors influencing the market prices, as noted by several analysts including Binance rumors, Tax period, Market optimism, and a very strong buying opportunity.
Bithumb, Upbit, Binance are the top exchanges trading XRP with the maximum volume where Bithumb accounts for 23.70% of Ripple XRP’s total volume.
Ripple, as popularly known is the King of Partnerships and is backed up by one of a kind technology and an impressive line-up of clients ranging from big-name banks and popular financial providers.
Carl R, a market enthusiast says:
“The 1st cryptocurrency that will show real-world implementation and solutions to everyday problems will win the race and that will be Ripple for sure.”
Zac William, a Ripple supporter says:
“Bradster in action again 🙂 Holy everything holy…what a fucking breakthrough moment.”
Brad Garlinghouse had said at the 2018 Jefferies Tech Conference:
“Payments are foundational to any other use case in the business. If you have not accelerated a payment you have not accelerated commerce.”
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Mozilla’s senior web developer testing out Coil and its monetization feature for his blog
Coil, a venture launched by the creator of Interledger Protocol [ILP], Stefan Thomas, is being tested for monetization by Mozilla’s senior developer David Walsh. Coil makes use of ILP and XRP to monetize creators and put an end to ad-based monetization by mainly helping content creators while allowing the consumers to access content online easy.
— Coil (@Coil) May 22, 2019
David Walsh is a senior software engineer at Mozilla, and this could be a step in the right direction for Coil, which is trying to improve content monetization.
Since XRP can better handle micropayments, Coil is using it to get work around the ad-based revenue model. A blog by Coil previously stated:
“One of the reasons the ad-supported model is still so dominant is because payments technology wasn’t ready yet. Each payment currently requires multiple steps just to authorize it, let alone signing up with different merchants. We’ve worked with Microsoft, Google, Mozilla, and others to create the W3C Web Payments Request API that has been rolling out to billions of iOS and Android devices but we can go so much further.”
Moreover, with XRP and ILP, Coil can process a “trillion” transactions per second without any central authority. Stefan Thomas, the inventor of ILP and creator of Coil said:
“Instead of building yet another proprietary platform, Coil will be the first company to pay out to any website using Web Monetization, a new standard for how browsers can pay websites using Interledger.”
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