Missed the Bitcoin Rally? This Cryptocurrency May Be Your Second Chance

But what the Times calls "hysteria" behind cryptocurrency successors to bitcoin-others in play include Stellar, Cardano, and Byteball-has some money experts skeptical. Bitcoin, however, is constantly being created until it reaches a pre-set limit of 21 million coins; this limit is not expected to be reached until around the year 2140.

Larsen, with his XRP holdings, ranks just ahead of Google co-founder Larry Page and a few billion dollars behind Mexican business magnate Carlos Slim, who formerly held the title of the world's richest person.

From highs above $3.60, the latest milestone in what has become the biggest-ever annual appreciation for a major cryptocurrency of around 35,000%, the platform's XRP token swiftly fell by nearly a fifth following the news. Those assets catapulted him within reach of Facebook's Zuckerberg, now No. 4 on Forbes' richest person list with around $74 billion, and ahead of Oracle co-founder Larry Ellison, who's worth about $59 billion. Bitcoin's creator is now unknown. At Friday's record high prices, that gives Ripple about $136 billion worth of the digital currency. Evaluated at close to $55 Billion, Chris Larsen is now eyeing at Mark Zuckerberg's no. 4 spot. Alright for some, isn't it? Not us, so don't take our advice.

Riding the wave of increased anticipation in regards to a possible Coinbase listing, Ripple's recent price surges saw the cryptocurrency recording massive gains of more than 40,000% during 2017.

Of course, Ripple is far from the only other cryptocurrency out there. Exactly a month ago, ethereum was trading around $420, which is less than half of the current valuation.

Still, bubble or otherwise, it seems like cryptocurrencies have long moved past their shady origins and have truly infiltrated the mainstream consciousness. Then came $1, $2 and $3 landmarks - all within a span of the next two weeks.

Related:

  • Plane evacuated after Toronto airport collision

    But passengers have offered accounts of confusion aboard the plane and allegations that procedures were not clearly communicated. There were 168 passengers and six crew members aboard the arriving airplane, according to Lauren Stewart, a WestJet spokeswoman.

    Nintendo Switch Becomes Fastest-Selling Console Ever in US

    Another big seller, with more than 55% of Switch owners laying down cash for, is "The Legend of Zelda: Breath of the Wild ". A Nintendo Switch costs $299.99 and among its most-sought games is Super Mario Odyssey and Mario Kart 8 Deluxe .
    Winter session of parliament ends, House fails Muslim women

    Winter session of parliament ends, House fails Muslim women

    The upper house was adjourned multiple times during the week over the bill that was briefly discussed in the house, reports said. He said the government was committed to passing the legislation, also opposed by various Muslim groups.
  • Pakistan Rejects Trump's Criticism, Says It Can't Be Blamed for 'Collective Failure'

    Pakistan Rejects Trump's Criticism, Says It Can't Be Blamed for 'Collective Failure'

    The meeting, which lasted almost three hours, was brought forward by a day and followed an earlier meeting of army generals. The summit comes as demonstrators took to the streets of Karachi to protest Trump and the U.S.
    Paul Pierce Doesn't Want Isaiah Thomas Tribute Video During Jersey Retirement

    Paul Pierce Doesn't Want Isaiah Thomas Tribute Video During Jersey Retirement

    However, Pierce is not a fan of the change, as his No. 34 jersey is being retired February 12. The video tribute ain't the whole night.
    FA Cup: Moses Rested, Luiz Returns As Norwich Force Chelsea Replay

    FA Cup: Moses Rested, Luiz Returns As Norwich Force Chelsea Replay

    On the touchline, Alvaro Morata was swiftly summoned from his stretching and told to ready himself to come on. January is a notoriously hard time to make good signings, particularly at the price paid for Barkley.
  • US Firm to Resume Search for Missing Malaysian Flight

    US Firm to Resume Search for Missing Malaysian Flight

    The vessel is carrying several autonomous submarines which can be launched from the ship to scour the seabed for the jet. The governments of Malaysia, China and Australia called off the search for the plane in January 2017.
    Massive fire breaks out at Cinevista studio in Mumbai

    Massive fire breaks out at Cinevista studio in Mumbai

    On that fateful night a blaze at Kamala Mills in a Lower Parel restaurant caused by the charcoal of a hookah killed 14 people. The fire was confined to the ground and first floor area of the studio where shootings were usually held.

    Titans visit Chiefs as NFL playoffs begin

    The crowd went wild as fireworks popped over Arrowhead Stadium - until replays showed that Henry was down. Marcus Mariota threw a touchdown pass to himself in the Titans' playoff game against Kansas City .
  • 'PUBG' gets more competition as 'Paladins' adds battle royale game mode

    'PUBG' gets more competition as 'Paladins' adds battle royale game mode

    The magician "rides a summoned two-headed dragon into battle, feeding it snacks to reload its magical energy". There's also a new game mode coming, though it is the most common of all: Team Deathmatch.
    Pandya stands tall for India

    Pandya stands tall for India

    India, overnight 28/3, were reeling at 92 for seven when Pandya (93, 153m, 95b, 14x4, 1x6) linked up with Bhuvneshwar Kumar (25). Kumar said India would have to bat well on Saturday but said he felt the match was evenly poised.
    Rams' Barron, Cooper active for playoff meeting with Falcons

    Rams' Barron, Cooper active for playoff meeting with Falcons

    It's impossible to say until game time , but it's hard to believe McVay won't have his team prepared for Saturday's big game. The Los Angeles Rams will indeed have a key piece of the team's defense on Saturday against the Atlanta Falcons .

Comments

Other news