Ripple, the world’s second-largest cryptocurrency by market capitalization, hit a fresh record high on Thursday as its strong rally continued.
Ripple’s XRP token hit a high of $3.26 on the Poloinex exchange earlier and was at $2.99 on 11:22 AM GMT. Ripple, now has a market cap of $137.7 billion, in second place behind bitcoin, which has a market value of about $249 billion. Ripple sells blockchain technology, powered by its own cryptocurrency XRP, to banks and payment providers and other financial institutions to speed up cross-border payments.
Prices have also gained momentum with investors looking at alternative digital currencies beyond bitcoin. Bitcoin’s dominance of the cryptocurrency market hit its lowest level ever on Tuesday.
Buy digital Call option between 2.899500, and 3.053860, valid until 23:00 GMT January 4th 2018