Ripple just became the world’s second most valuable cryptocurrency. This is a big deal. But why? Is Ripple a good investment? Will banks adopt it? Let’s find out.
Why Is Ripple Causing Waves?
While Bitcoin and the rest of the top 10 cryptocurrencies are well below their peak, Ripple is enjoying a meteoric rise and is trading at $ 2.22, up more than 49% from this time yesterday. In fact, it just unseated Ethereum as the #2 cryptocurrency in terms of market cap. So why is Ripple’s current so strong?