[아이뉴스24 김다운 기자] Can Ripple (XRP), the fourth-largest virtual asset (cryptocurrency) by market capitalization, take off the stigma of being’Lito’s (I was deceived by Ripple)’ and continue to be strong? Ripple continued to surge, and the trading volume exploded. During a day on domestic exchanges, Ripple’s trading value exceeded even the combined trading value of the 3rd largest stocks in the KOSPI market capitalization.
As of 4:4 p.m. on the 1st, the Ripple based on the coin market cap is trading at $0.5764, and is rising 40.73% compared to 24 hours ago.
At the same time, it is a marked rise compared to other major cryptocurrencies such as Bitcoin (declining 0.23%), Ethereum (declining 3.18%), and Tether (increasing 0.13%).
In Korea, the cryptocurrency exchange Bithumb is trading at 637 won, a 23.45% increase from the previous 24 hours, and an upbit increase of 18.37% at 638 won.
Ripple’s market cap based on coin market cap is about $29.18 billion, ranking fourth in the market cap after Bitcoin, Ethereum, and Tether.
As the price of Ripple has recently soared, the Ripple market cap has soared more than 161% in four days from $1.16 billion on January 28.
The trading volume soared in the wake of Ripple.
In the last 24 hours at Upbit, the amount of Ripple transactions amounted to about 2.6 trillion won, about 950 billion won at Bithumb, and 280 billion won at Coinone. done.
This is more than the sum of the total transaction amount of Samsung Electronics, SK Hynix, and LG Chem, which are the top 3rd place in the KOSPI market cap.
The recent surge in Ripple prices began when Ripple Labs unveiled a reply to the lawsuit filed by the Securities and Exchange Commission (SEC) against Ripple issuer Ripple Labs last year.
The SEC has sued Reflaps for selling unregistered securities, claiming that the tokens sold by Reflaps are securities.
Accordingly, it is known that Ripple Labs submitted a reply that “Ripple is a currency, not a security, and is not included in the jurisdiction of the SEC.”
It is also mentioned as a cause of the surge in Ripple’s recent surge in the U.S. stock market, and a movement to encourage Ripple’s investment against the SEC at the stock forum’WallStreetBets’ of Reddit, an online community that has caused a surge in game stop in the US stock market.
Reporter Daun Kim [email protected]