Ripple becomes Coinmarketcap’s #3

Bitcoin Cash suddenly finds itself in a strange situation: its supporters claiming it’s a real Bitcoin, but its third place on Coinmarketcap’s list of capitalized currencies suddenly becomes taken by Ripple, a cryptocurrency one could compare with that guy in the classroom who always gets high marks.

This supports what Ben Carlson from Ritholtz Wealth Management already said: it’s not the share price what really matters, it’s the overall capitalization. This is perfectly demonstrated by Ripple: at the press time, it costs $1.37 and has $52,914,185,338 of capitalization, while Bitcoin Cash which cannot boast about its good reception by Asian banks has $44,836,196,446 of market capitalization.

CCN connects the success of Ripple with its good cooperation efforts with financial institutions — mainly Asian banks. Europeans and Americans, however, were never spotted hating Ripple and it is very likely that in case this cooperation remains fruitful, Ripple will similarly cooperate with banks of these regions.

This all makes Ripple a good investment opportunity. Coinbase currently does not support Ripple (although there were interesting rumors it might do so soon), but Bitstamp and some other exchanges do. Anyway, the decision is always made by the reader and Ripple might not be as volatile as Bitcoin, which makes investment less interesting for those who hope for easy money.