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Ripple is the next cryptocurrency believed to break records among virtual wallet holders after bitcoin. Ripple prices have soared in the past month, beating Ethereum in the cryptocurrency competition with bitcoin. Cole Diamond, CEO of Coinsquare, told Business News Network Ripple is the first cryptocurrency they are going to add to their blockchain platform after bitcoin.

BNN•GETTY Ripple is the next cryptocurrency to rise after the surge of bitcoin price in 2017

He said: “We’re going to be adding Ripple, we’re going to be adding Manero, we’re going to be adding other digital currencies that have their own blockchains and never did this ICO, Initial Coin Offering, with the exception of Ethereum." He added: “Ripple is first in line.” The rising cryptocurrency has skyrocketed by more than 1,000 per cent since the start of December 2017, when it was trading at about $0.24.

We’re going to be adding other digital currencies that have their own blockchains, Ripple is first in line Cole Diamond

Trevor Koverko, CEO of blockchain platform Polymath, believes investors are choosing to back Ripple because they trust the brand. He told Forbes: "People feel comfortable with its name and the technology behind Ripple. "A lot of people are beginning to realise how big of an opportunity there is between business and the blockchain, and that's making Ripple the early winner here."

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