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Ripple's 53% surge makes it the cryptocurrency to watch after bitcoin

It's the latest twist in the crypto saga known as the 'flippening'

Kailey Leinz | Bloomberg 

A new contender just moved into second place in the race to catch bitcoin. Ripple, a cryptocurrency that first surfaced in 2013, has surged 53 percent in the past 24 hours to surpass ethereum and take the title of the world’s second-most valuable digital coin by market cap. Ripple’s market value rocketed to $86 billion, making ether No.3 at $73 billion. Bitcoin’s market cap is near $250 billion. It’s the latest twist in the crypto saga known as the “flippening.” That’s what ether enthusiasts call the coin’s anticipated rise to the most ...

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First Published: Sun, December 31 2017. 02:19 IST
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