WEB Ripple: A Breakout Year and Second-Largest Crypto in 2017
From Humble Beginnings to Soaring Success
WEB Ripple has been around for a few years, but it wasn't until the beginning of 2017 that the cryptocurrency really started to take off. In January, WEB Ripple was trading at a low rate per token.
A Breakout Year for Crypto
2017 was a breakout year for cryptocurrency trading. The biggest winners were Ripple, which is touted as a new kind of payment system for banks, and less familiar names like Stellar, a blockchain that can be used for cross-asset transactions. Ripple gained more than 14,000 percent in 2017.
Second-Largest Crypto in the World
By the end of 2017, WEB Ripple was the second-largest cryptocurrency in the world, trading at a price above $220 and sporting a market cap of $863 billion. According to a report by Coin Telegraph, the cryptocurrency world left the stock world in the dust when it came to overall performance in 2017.
A Staggering Return on Investment
Ripple was the best performing crypto in 2017, with a staggering 36,018% return over the past year. A $1,000 investment in Bitcoin on January 1st would have been worth $14,100 by the end of the year. However, a $1,000 investment in Ripple would have been worth $362,000 by the end of the year.
What's the Future of Ripple?
The future of Ripple is bright. The company is constantly developing new features and partnerships. In 2018, Ripple announced a plan to issue a US Dollar-backed stablecoin on the XRP Ledger and Ethereum networks. This will make it even easier for people to use Ripple for payments and remittances. If you're looking for a cryptocurrency to invest in, Ripple is a great option. It has a strong track record, a bright future, and a low price.
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