XRP (CURRENCY:XRP) traded up 7.9% against the U.S. dollar during the 1-day period ending at 22:00 PM E.T. on October 12th. One XRP coin can currently be bought for about $0.42 or 0.00006747 BTC on popular exchanges including DigiFinex, Cryptomate, Bitbns and Coindeal. Over the last seven days, XRP has traded 18.7% lower against the U.S. dollar. XRP has a total market cap of $16.85 billion and approximately $782.25 million worth of XRP was traded on exchanges in the last 24 hours.
Here’s how related cryptocurrencies have performed over the last 24 hours:
- Stellar (XLM) traded 3.8% higher against the dollar and now trades at $0.22 or 0.00003483 BTC.
- Tether (USDT) traded up 0.1% against the dollar and now trades at $0.99 or 0.00015895 BTC.
- TRON (TRX) traded up 9.9% against the dollar and now trades at $0.0234 or 0.00000374 BTC.
- Binance Coin (BNB) traded 2.5% higher against the dollar and now trades at $9.56 or 0.00153209 BTC.
- NEO (NEO) traded up 2.2% against the dollar and now trades at $15.86 or 0.00254092 BTC.
- VeChain (VET) traded up 3.1% against the dollar and now trades at $0.0116 or 0.00000186 BTC.
- Maker (MKR) traded up 1.6% against the dollar and now trades at $648.88 or 0.10393911 BTC.
- 0x (ZRX) traded down 4.9% against the dollar and now trades at $0.73 or 0.00011727 BTC.
- IOStoken (IOST) traded down 0.3% against the dollar and now trades at $0.0396 or 0.00000526 BTC.
- Zilliqa (ZIL) traded 2.8% higher against the dollar and now trades at $0.0327 or 0.00000523 BTC.
XRP Coin Profile
XRP launched on February 2nd, 2013. XRP’s total supply is 99,991,817,275 coins and its circulating supply is 39,997,634,397 coins. The official website for XRP is ripple.com/xrp. The Reddit community for XRP is /r/ripple and the currency’s Github account can be viewed here. XRP’s official message board is www.xrpchat.com. XRP’s official Twitter account is @Ripple and its Facebook page is accessible here.
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 bought or sold on these cryptocurrency exchanges: DragonEX, OKEx, Bits Blockchain, Coinsquare, Ripple China, Coinone, CEX.IO, Liquid, Bitstamp (Ripple Gateway), LakeBTC, Coinbe, Binance, Cryptomate, Bitstamp, Bittrex, Vebitcoin, Independent Reserve, Bitso, Koinex, Bithumb, BitFlip, Altcoin Trader, Bitsane, BitMarket, BtcTurk, Kraken, Coinrail, Exrates, Ovis, Coinsuper, Instant Bitex, Braziliex, CoinBene, Bitbank, OTCBTC, Bitinka, Kuna, Koineks, BTC Trade UA, RippleFox, ZB.COM, BTC Markets, Tripe Dice Exchange, Coindeal, BitBay, DigiFinex, Huobi, Exmo, Coinhub, LiteBit.eu, Poloniex, CoinEgg, Indodax, HitBTC, GOPAX, Fatbtc, Gatehub, ABCC, MBAex, BCEX, CoinFalcon, Sistemkoin, B2BX, Cryptohub, WazirX, Bitfinex, Zebpay, Bitbns, FCoin, Stellarport, Bitlish, BX Thailand, OpenLedger DEX, Upbit, Gate.io, Korbit, C2CX and Stellar Decentralized Exchange. It is usually not presently possible to buy alternative cryptocurrencies such as XRP directly using US dollars. Investors seeking to trade XRP should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX 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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