Ripple's XRP Continues to Roll Even amid Crypto Market Downturn, Market Cap Tops $600 Million

Ripple’s XRP cryptocurrency has not let up, gaining another 20% during the past 24 hours to 6300 satoshi ($0.0198).

And like its gains from previous days, its absolute gains more than offset those realized as a result of continued Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term weakness. While BTC has set new mid-term milestones to the downside, it has not shed more than 4% during the past 24 hours, avoiding the brunt of a sizable downturn in the crypto markets.

Yesterday, it was assessed that a near-term pullback was likely, based on what appeared as a slowdown in gains and a lightening of traded volume. Today’s jump has been anything but, with volume surging to the equivalent of $4 million - similar to that of Litecoin, which experienced a volume surge of its own.

A sizeable retracement is still likely once the volume does return to previous levels, though this may not be in the near-term as it continues to ride a wave of positive sentiment and set new milestones.

Its total market cap now exceeds $600 million and with the exception of Bitcoin it exceeds that of all other Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term combined.