Ripple (CURRENCY:XRP) traded down 3.8% against the U.S. dollar during the one day period ending at 18:00 PM Eastern on May 2nd. Ripple has a total market cap of $26.24 billion and $323.43 million worth of Ripple was traded on exchanges in the last day. One Ripple coin can now be bought for approximately $0.67 or 0.00008177 BTC on major exchanges including Mr. Exchange, Ripple China, HitBTC and RippleFox. Over the last seven days, Ripple has traded 13.3% lower against the U.S. dollar.
Here’s how other cryptocurrencies have performed over the last day:
- Stellar (XLM) traded 4.2% lower against the dollar and now trades at $0.32 or 0.00003867 BTC.
- IOTA (MIOTA) traded down 4.8% against the dollar and now trades at $1.80 or 0.00022014 BTC.
- TRON (TRX) traded 5% lower against the dollar and now trades at $0.0671 or 0.00000819 BTC.
- NEO (NEO) traded 5.3% lower against the dollar and now trades at $58.01 or 0.00708320 BTC.
- Tether (USDT) traded 0.3% higher against the dollar and now trades at $1.00 or 0.00012261 BTC.
- VeChain (VEN) traded down 8% against the dollar and now trades at $4.18 or 0.00051040 BTC.
- Binance Coin (BNB) traded up 6.1% against the dollar and now trades at $12.90 or 0.00157460 BTC.
- Zilliqa (ZIL) traded down 2.1% against the dollar and now trades at $0.14 or 0.00001674 BTC.
- Ontology (ONT) traded down 5.7% against the dollar and now trades at $6.86 or 0.00083818 BTC.
- 0x (ZRX) traded 5.7% lower against the dollar and now trades at $1.29 or 0.00015733 BTC.
Ripple’s launch date was February 2nd, 2013. Ripple’s total supply is 99,992,233,977 coins and its circulating supply is 39,189,968,239 coins. The official message board for Ripple is www.xrpchat.com. The Reddit community for Ripple is /r/ripple and the currency’s Github account can be viewed here. Ripple’s official Twitter account is @Ripple and its Facebook page is accessible here. Ripple’s official website is ripple.com.
According to CryptoCompare, “The Ledger and ConsensusThe Ripple protocol is, at its core, a shared public database. This database includes a ledger, which serves to track accounts and the balances associated with them. The ledger is a distributed database — a perfect, shared record of accounts, balances, and transactions in the Ripple protocol. It is continually and automatically updated by the Ripple Transaction Protocol (RTXP) so that an identical ledger exists on thousands of servers around the world. At any time, anybody can review the ledger and see a record of all activity on the Ripple protocol. When changes are made to the ledger, computers connected to the Ripple protocol will mutually agree to the changes via a process called consensus. The Ripple protocol reaches consensus globally within seconds of a change being made. The consensus finding process is the engineering breakthrough that allows for fast, secure, and decentralized transaction settlement on the Ripple protocol. The World’s First Distributed ExchangeNo one owns or controls the Ripple protocol. It runs on computers around the world, all working together to continually maintain a perfect, shared record of accounts, balances, and transactions. Distributed networks offer many efficiencies over centralized networks. Because the network is “self-clearing”, it eliminates the need for a centralized network operator (and gets rid of the associated layer of fees). Because there is no single point of failure, distributed networks are more reliable. They also tend to be more secure, due to their open source nature. “
Ripple Coin Trading
Ripple can be bought or sold on these cryptocurrency exchanges: BitFlip, Quoine, Coinone, Bitbank, Tripe Dice Exchange, Orionx, Koineks, LiteBit.eu, BCEX, HitBTC, Vebitcoin, Gate.io, Abucoins, Stellar Decentralized Exchange, Bitso, Qryptos, Fatbtc, Huobi, Kraken, ZB.COM, OKEx, GOPAX, BitMarket, Bithumb, LakeBTC, Bitfinex, Gatehub, Bitstamp, OTCBTC, CoinBene, Poloniex, CoinEgg, Bitbns, Bitlish, Ovis, Korbit, Exmo, BitBay, BTC Trade UA, Bits Blockchain, xBTCe, BTC Markets, Braziliex, Sistemkoin, Bittrex, Upbit, Bitstamp (Ripple Gateway), Coinbe, The Rock Trading, Koinex, CoinEx Market, CoinFalcon, Coinrail, Exrates, RippleFox, Cryptomate, Binance, Indodax, CEX.IO, Bitsane, Mr. Exchange, BX Thailand, BTCTurk, Zebpay, Ripple China, Unocoin and Kuna. It is usually not possible to buy alternative cryptocurrencies such as Ripple directly using US dollars. Investors seeking to trade Ripple should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Ripple using one of the aforementioned exchanges.
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