{"id":5661,"date":"2017-12-15T13:34:34","date_gmt":"2017-12-15T13:34:34","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=5661"},"modified":"2017-12-15T13:44:12","modified_gmt":"2017-12-15T13:44:12","slug":"ripple-price-skyrockets-grows-third-largest-cryptocurrency","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/ripple-price-skyrockets-grows-third-largest-cryptocurrency\/","title":{"rendered":"Ripple Price Skyrockets, Grows Into The Third Largest Cryptocurrency"},"content":{"rendered":"
The much underestimated digital currency has roared once again in the past few days, retaking third position for the first time since Bitcoin Cash was launched on August the 1st.<\/p>\n
Its market cap has now risen to nearly $30 billion, half that of ethereum and around 10% of bitcoin\u2019s market cap, with volumes spiking to $6 billion in the past 24 hours.<\/p>\n
<\/a><\/p>\n The currency has skyrocketed in just two days, up 4x from 0.2 to 0.8, an all time high for Ripple, with the surprising jump apparently due to news Japanese and South Korean banks are launching a Ripple based pilot. Ripple\u00a0says<\/a>:<\/p>\n \u201cThe Japan Bank Consortium \u2014 a coalition of 61 banks in Japan, organized by SBI Ripple Asia \u2014 has announced the launch of a new Ripple pilot with Woori Bank and Shinhan Bank, two of South Korea\u2019s largest banks with a collective market capitalization of more than $30 billion.<\/p>\n This initiative will be the first time money moves from Japan to Korea over RippleNet.\u201d<\/p>\n There is no other substantial news as far as we can see, raising questions of whether this stupendous jump, of a kind we haven\u2019t seen in any major digital currency at this speed and height (4x in two days), was really due to just one bankers test pilot.<\/p>\n