Ripple Will Be Bigger Than Bitcoin If It Hits $7

Written by:
Published on:

Ripple, or XRP, would only need to get to $6.57 for its market capitalization to be bigger than Bitcoin’s, according to a report filed by Monday morning.

Bookmaker accepts most crypto-currencies

This would require a rise of 164 percent. It rose nearly 36,000 percent last year.

The cryptocurrency, which began accepting back in October, crashed 30 percent on Monday.

CNBC Notes that some experts have suggested that ripple has run ahead of itself due to the fact that it works with large institutions with many of the coins are actually owned by the company.  This is not the case with Bitcoin, meaning that Ripple is not as decentralized as Bitcoin.

Watch below.

Crypto class: How to buy ripple from CNBC.

video News

Bitcoin Sees Dramatic 24 Hour Rise

7,371.64 USD was the price 6 pm EDT Tuesday, a slight decline from $7,395 earlier in the day.

60K is Still Possible for Bitcoin This Year

Julian Hosp, co-founder of crypto wallet and card start-up TenX, believes that bitcoin could be hitting $60,000 before the year ends despite only peaking at just shy of $20,000 this past December and now trading 67% below that number.

The One Thing This Bitcoin Bear Needs to See to Become Bullish

“After the move we’ve seen it’s very difficult in the short term to be bullish,” Todd Colvin, analyst at Ambrosino Brothers, told CNBC’s “Futures Now” on Tuesday....But there is something that can change that mindset....

Elderly Man Beaten and Robbed Insider MGM Detroit

71- year old Clearance Kimbrough was beaten and robbed on the 6th floor of the MGM Casino parking garage Saturday morning. 

Why the Phil Hellmuth Outburst Over Weekend has Everyoune Outraged

Why the Phil Hellmuth Outburst Over Weekend has Everyoune Outraged

The World Series of Poker bracelet record holder Phil Hellmuth may have apologized for his outburst against a fellow player this weekend.  Few had kind words for Hellmuth, who only days earlier had made his grand entrance at the WSOP 2018 dressed as Marvel super hero Thor.