Ripple (XMR), currently the second largest market-cap crypto-currency, continued its recent rally in crossing the $ 3 mark. At the time of going to press, the altcoin was trading at an average of $ 3.12

Ripple's price has risen by nearly 49,000 percent over the last twelve months. Cryptocurrency has spent $ 2 last week, with a 130% increase since December 27th.

This cemented Ripple's second position with a market capitalization of $ 121 billion, almost half that of Bitcoin

<img alt=" Ripple Charts "src =" https: // cointelegraph.com/storage/uploads/view/f8d1ca2775c57fa773ab893d5afad9b4.png "title =" Ripple Tables "/>

What is Ripple?

Ripple Positions as a Blockchain-based payment solution for global payment transactions at the enterprise level. Adding the coin to the Bloomberg price terminal in mid-December has no doubt initiated the rally. Substantial

The South Korean market, in which nearly half of the volumes traded by Ripple occurred several times in the country, also contributed to the rise in the altcoin.

Rise of altcoins

Other altcoins The most important gains otables include Cardano (ADA) and Stellar (XLM), both of whom jumped more than 30% on the day, as well as the status (SNT), which saw a

meanwhile, the 3 January, BTC's dominant position (percentage of total market capitalization) reached a new record of 34.6%.