XRP (CURRENCY:XRP) traded down 3.2% against the U.S. dollar during the twenty-four hour period ending at 8:00 AM E.T. on May 16th. Over the last seven days, XRP has traded up 38.8% against the U.S. dollar. XRP has a total market cap of $17.49 billion and approximately $4.80 billion worth of XRP was traded on exchanges in the last day. One XRP coin can currently be bought for $0.42 or 0.00005271 BTC on popular cryptocurrency exchanges including C2CX, ZB.COM, Liquid and Stellarport.
Here is how other cryptocurrencies have performed over the last day:
- Binance Coin (BNB) traded up 0.5% against the dollar and now trades at $25.67 or 0.00325888 BTC.
- Tether (USDT) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00012723 BTC.
- Stellar (XLM) traded 16.4% higher against the dollar and now trades at $0.14 or 0.00001773 BTC.
- TRON (TRX) traded 0.7% lower against the dollar and now trades at $0.0285 or 0.00000362 BTC.
- Bitcoin SV (BSV) traded up 3.7% against the dollar and now trades at $64.97 or 0.00824916 BTC.
- NEO (NEO) traded down 0.3% against the dollar and now trades at $11.87 or 0.00150728 BTC.
- COZ (COZ) traded up 26.7% against the dollar and now trades at $0.22 or 0.00004541 BTC.
- Basic Attention Token (BAT) traded up 0.8% against the dollar and now trades at $0.38 or 0.00004785 BTC.
- VeChain (VET) traded up 0.6% against the dollar and now trades at $0.0075 or 0.00000095 BTC.
- Crypto.com Chain (CRO) traded up 0.8% against the dollar and now trades at $0.0666 or 0.00000845 BTC.
XRP launched on February 2nd, 2013. XRP’s total supply is 99,991,633,428 coins and its circulating supply is 42,133,310,721 coins. The official message board for XRP is www.xrpchat.com. XRP’s official Twitter account is @Ripple and its Facebook page is accessible here. The Reddit community for XRP is /r/ripple and the currency’s Github account can be viewed here. XRP’s official website is ripple.com/xrp.
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.”
Buying and Selling XRP
XRP can be purchased on the following cryptocurrency exchanges: BitBay, Fatbtc, Cryptohub, OpenLedger DEX, Upbit, Bitbank, Bitfinex, Zebpay, Ripple China, Vebitcoin, Coinsuper, LakeBTC, CoinBene, RippleFox, ZB.COM, Bitlish, Braziliex, Tripe Dice Exchange, Korbit, DigiFinex, Kuna, Koinex, Bitstamp (Ripple Gateway), Stellarport, BitMarket, Cryptomate, Gate.io, Bits Blockchain, Exmo, Covesting, C2CX, Coindeal, Gatehub, Kraken, Ovis, Coinrail, Bitbns, Bittrex, Coinbe, Liquid, MBAex, CoinEgg, Bithumb, Coinhub, CEX.IO, Poloniex, Instant Bitex, Bitsane, Stellar Decentralized Exchange, FCoin, CoinFalcon, BTC Trade UA, BtcTurk, BCEX, Coinone, B2BX, Altcoin Trader, Indodax, Exrates, WazirX, Koineks, Binance, Bitso, DragonEX, Independent Reserve, ABCC, OKEx, BitFlip, Sistemkoin, Bitinka, GOPAX, Coinsquare, LiteBit.eu, Bitstamp, HitBTC, OTCBTC, BTC Markets, BX Thailand and Huobi. It is usually not possible to buy alternative cryptocurrencies such as XRP directly using U.S. dollars. Investors seeking to acquire XRP should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy XRP using one of the aforementioned exchanges.
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