XRP (CURRENCY:XRP) traded up 1.8% against the US dollar during the 1-day period ending at 19:00 PM ET on November 2nd. XRP has a total market capitalization of $12.86 billion and $1.46 billion worth of XRP was traded on exchanges in the last 24 hours. One XRP coin can now be purchased for about $0.30 or 0.00003190 BTC on major cryptocurrency exchanges including Coindeal, Bitstamp, Bitsane and DigiFinex. Over the last week, XRP has traded up 2% against the US dollar.
Here’s how other cryptocurrencies have performed over the last 24 hours:
- Tether (USDT) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00010777 BTC.
- Binance Coin (BNB) traded up 1.2% against the dollar and now trades at $20.26 or 0.00217263 BTC.
- Bitcoin SV (BSV) traded up 2.1% against the dollar and now trades at $131.98 or 0.01415668 BTC.
- Stellar (XLM) traded up 2.6% against the dollar and now trades at $0.0705 or 0.00000756 BTC.
- TRON (TRX) traded up 1.7% against the dollar and now trades at $0.0200 or 0.00000214 BTC.
- Chainlink (LINK) traded down 0.1% against the dollar and now trades at $2.71 or 0.00029109 BTC.
- NEO (NEO) traded up 4.9% against the dollar and now trades at $11.15 or 0.00119602 BTC.
- COZ (COZ) traded up 26.7% against the dollar and now trades at $0.22 or 0.00004541 BTC.
- Crypto.com Chain (CRO) traded down 0.3% against the dollar and now trades at $0.0381 or 0.00000379 BTC.
- INO COIN (INO) traded up 0.2% against the dollar and now trades at $1.97 or 0.00021184 BTC.
XRP was first traded on February 2nd, 2013. XRP’s total supply is 99,991,316,762 coins and its circulating supply is 43,248,091,671 coins. 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 website is ripple.com/xrp. 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 the following cryptocurrency exchanges: DigiFinex, WazirX, Liquid, CoinFalcon, Upbit, GOPAX, Exrates, Zebpay, Braziliex, BtcTurk, BX Thailand, Tripe Dice Exchange, Korbit, Vebitcoin, Bitlish, MBAex, Ripple China, RippleFox, Coinsuper, BTC Markets, Binance, BitMarket, Altcoin Trader, OpenLedger DEX, Poloniex, Kraken, Bitfinex, Bitstamp (Ripple Gateway), FCoin, ABCC, B2BX, Koineks, Gatehub, Bittrex, Huobi, Stellar Decentralized Exchange, Coindeal, Cryptohub, CoinEgg, OKEx, BCEX, Bitinka, Fatbtc, Stellarport, CEX.IO, HitBTC, CoinBene, Coinone, Exmo, Independent Reserve, Coinrail, Gate.io, Kuna, Ovis, Bitso, LakeBTC, BTC Trade UA, Bits Blockchain, Coinbe, Bitstamp, Coinhub, Bitsane, Bitbank, Bithumb, ZB.COM, Sistemkoin, Instant Bitex, Indodax, Coinsquare, OTCBTC, LiteBit.eu, Cryptomate, BitBay, Covesting, C2CX, Bitbns, DragonEX, Koinex and BitFlip. It is usually not presently possible to purchase alternative cryptocurrencies such as XRP directly using US dollars. Investors seeking to trade XRP should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase XRP using one of the aforementioned exchanges.