Cryptocurrencies have been racking up gains ever since Donald Trump won the U.S. presidential election—but one token stands head and shoulders above the rest.
XRP
XRPUSD
-0.63%
, used by tech company Ripple Labs to facilitate and settle transactions across its digital-payments platform, has soared nearly 400% since Nov. 5, according to data from Kraken. On Thursday, it was trading flat at $2.43.
The surge has made XRP the third-largest crypto in terms of total valuation, per data from CoinMarketCap, behind only Bitcoin
BTCUSD
+0.20%
and Ethereum
ETHUSD
+1.56%
, up 45% and 62% respectively over the same period.
XRP
XRPUSD
-0.63%
, used by tech company Ripple Labs to facilitate and settle transactions across its digital-payments platform, has soared nearly 400% since Nov. 5, according to data from Kraken. On Thursday, it was trading flat at $2.43.
The surge has made XRP the third-largest crypto in terms of total valuation, per data from CoinMarketCap, behind only Bitcoin
BTCUSD
+0.20%
and Ethereum
ETHUSD
+1.56%
, up 45% and 62% respectively over the same period.
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