XRP (XRP) traded 20.1% higher against the U.S. dollar during the 24 hour period ending at 12:00 PM Eastern on September 23rd. Over the last week, XRP has traded 47.2% higher against the U.S. dollar. XRP has a total market capitalization of $46.96 billion and $4.57 billion worth of XRP was traded on exchanges in the last day. One XRP coin can currently be purchased for approximately $0.47 or 0.00002505 BTC on major exchanges.
Here’s how related cryptocurrencies have performed over the last day:
- Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0492 or 0.00000262 BTC.
- CareCoin (CARES) traded down 99.8% against the dollar and now trades at $0.0610 or 0.00000325 BTC.
- OmniaVerse (OMNIA) traded 5.2% higher against the dollar and now trades at $0.0044 or 0.00000023 BTC.
- Euro Coin (EUROC) traded 0% lower against the dollar and now trades at $0.83 or 0.00004426 BTC.
- Jeff in Space (JEFF) traded flat against the dollar and now trades at $2.07 or 0.00011034 BTC.
- Lumi Credits (LUMI) traded up 1.4% against the dollar and now trades at $0.0149 or 0.00000080 BTC.
- AXIA Coin (AXC) traded 0% higher against the dollar and now trades at $13.43 or 0.00070385 BTC.
- MVP Coin (MVP) traded 28.6% lower against the dollar and now trades at $2,053.00 or 0.10760105 BTC.
- Tarality (TARAL) traded down 11.3% against the dollar and now trades at $0.0008 or 0.00000004 BTC.
- The Web3 Project (WEB3) traded up 213.7% against the dollar and now trades at $517.71 or 0.02213862 BTC.
XRP Coin Profile
XRP uses the hashing algorithm. Its genesis date was January 1st, 2013. XRP’s total supply is 99,989,294,935 coins and its circulating supply is 49,848,747,475 coins. 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. The official message board for XRP is www.xrpchat.com. XRP’s official website is ripple.com.
According to CryptoCompare, “What is XRP?XRP is the native token of the XRP Ledger and positions itself as a “fast and green” digital asset that was built “to be the most practical cryptocurrency for applications across the financial services space.” It offers fast transaction settlements, can handle thousands of transactions per second, and relies on hundreds of validators on its network.The cryptocurrency aims to complement traditional payment methods, and allows regulated entities to follow strict money transmission laws. While more open blockchains like that of Bitcoin (BTC) allow anyone to contribute to the network and validate transactions, the XRP Ledger relies on approved validators.All 100 billion XRP were distributed when the cryptocurrency was created, with some of the tokens going to its creators, and other being sent out through gifts and giveaways. A large percentage of XRP’s supply is held in escrow.Who created XRP?Several individuals were involved in creating the technology behind XRP and the businesses that helped it grow to become one of the largest cryptocurrencies by market capitalization.Mt. Gox founder Jed McCaleb, Arthur Britto, and Chris Larsen are often credited for creating XRP. These three individuals have notable careers and were also the co-founders of OpenCoin, a fintech firm that rebranded to Ripple.Other notable individuals involved included Stefan Thomas, a Bitcoin Core contributor and former Ripple CTO, David Schwarz, co-author of the Ripple white paper, along with Arthur Britto.Ripple is one of the largest XRP Ledger players and is directly associated with the cryptocurrency. It plays a critical role in developing the XRP Ledger and its ecosystem.What is Ripple’s relation to XRP?Ripple is a for-profit company founded in 2012 under the name OpenCoin. OpenCoin rebranded to Ripple Labs in 2013, before settling on Ripple in 2015. The company’s involvement with XRP is “focused on building technology to help unleash new utility for XRP and global payments.”Ripple promotes and uses the XRP token through its RippleNet product, which the company says offers connections to financial institutions worldwide and makes moving money “faster, cheaper and more reliable.”RippleNet uses XRP to source liquidity for cross-border transactions. Its use eliminates the need to pre-fund accounts and is used by financial giants, including Santander, Bank of America, SBI Remit, Banco Rendimento, and others.Where can you buy XRP?The cryptocurrency is currently being traded on most top cryptocurrency exchanges, including Coinbase, Kraken, Bitfinex, Binance, and FTX. You can find out where to buy XRP on the cryptocurrency’s markets page on CryptoCompare.Blockchain data provided by: Blockchair (Block/Ledgers Number only), Ripple Data API (Total Supply only)”
XRP Coin Trading
It is usually not possible to buy alternative cryptocurrencies such as XRP directly using US dollars. Investors seeking to trade XRP should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy XRP using one of the aforementioned exchanges.
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