Comment Re:Nothing wrong... (Score 2) 371
Comment Re:Are We Too Quick To Act On Social Media Outrage (Score 1) 371
Comment Re:O rly (Score 1) 371
Comment Re:Social Media Outage (Score 1) 371
Comment Re:FUD (Score 2) 468
Comment Re:The solution is obvious (Score 1) 579
Comment Re:Will Ripple Eclipse Bitcoin? (Score 1) 144
Without knowing why these movements are happening, raw market cap numbers are meaningless.
IIRC, most of the XRP (ripple's currency) are in the hands of the creators. As a result of this large pool of illiquid XRP, even small market movements can have outsized effects on its price.
True. True. As for sentence #3, I'm not too sure. If you assume the reliability of the posted data, there's a column showing trading volume. The ranking for trading volume is:
1. Bitcoin / $ 38,610,400
2. Litecoin / $ 4,211,520
3. Ripple / $ 3,805,730
4. Stellar (a ripple fork) / $ 2,431,440
5. Dogecoin / $ 591,834
Bitcoin is massively ahead but it's been on a downward trend. Litecoin is still ahead of Ripple in terms of daily traded volume, but like Bitcoin, Litecoin is also going down. On the other hand, the value of Ripple has been increasing, often in the two digit range for the past few weeks, along with the Ripple fork, Stellar, which this morning shot up an incredible 118%!
Submission + - Will Ripple eclipse Bitcoin?
What makes Ripple different from Bitcoin? Strictly speaking, Ripple isn't the name of the digital currency but of the decentralized payment network and protocol created and maintained by the eponymous Ripple Labs. Users of the Ripple system are able to transact in both cryptocurrency and regular fiat currency like the dollar without passing through a central exchange. XRP is the name of the native unit of exchange used in the Ripple network to facilitate conversion between different currency types.