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XRP heads towards $0.3 following slight recovery; Ripple CEO welcomes aid in relation to the California Wildfires

Cryptocurrency

XRP is a renowned digital currency that is being used by several banks scattered across the globe to settle cross-border transactions; it is positioned at #3 as of this instant. The trading volume recorded stands at approximately $1.514 billion, while the supply has 43,248,091,671 XRP coins involved as part of circulation. The total market cap of XRP amounts to $12.732 billion for now. The price rose slightly, at a rate of 0.21% in the course of the past 24-hours; this, in turn, helped $XRP surge all the way up to the $0.294417 mark where it presently holds.

Stellar, which was established under the leadership of Jed McCaleb [a co-founder of Ripple who had previously worked alongside David Schwartz], had rallied greatly a day back. Several analysts feel that $XLM was affected as a result of the Meridian Conference which shall soon take place in Mexico.

XRP and XLM are quite similar; both assets were pre-mined which is a huge cause for controversy even today, and the man behind the mask has had a rough mask  [the Mt. Gox fiasco practically crippled the industry for a while since it was a leading and trusted exchange whose services were used by thousands from around the world].

Personally, I don’t believe that XRP is on the verge of achieving something extraordinary, although mass adoption would definitely go a long way.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.