Top 12 Altcoins for 2024 by Market Cap:
1.) Top $XRP proud of their market cap achievement of US$124.28 billion.
The Ripple network and its XRP cryptocurrency were launched in 2012. XRP differs from other cryptocurrencies in that it is owned by a single company and is not run by a decentralized community. XRP also does not position itself as an alternative to traditional currencies. Instead, XRP wants to be a kind of intermediary currency to enable global trade between any unit of value, such as from a cryptocurrency like Bitcoin to euros or other fiat currencies
Ripple has been working closely with banks and financial institutions. Ripple’s main goal is to build a network that allows as many transactions as possible to go through as quickly as possible simultaneously. Ripple aims to attract companies like large banks, remittance services, and payment providers who are interested in this technology. With this in mind, it’s easy to see that Ripple is more of a competitor to established financial infrastructure services like SWIFT than other cryptocurrencies like Bitcoin or Ethereum.
Ripple’s goal is to leverage the internet, blockchain technology, and the XRP currency to enable cross-border value transfers in a fast, cost-effective, and reliable manner. In doing so, Ripple is primarily geared towards offering solutions to businesses, governments, and institutions. Cross-border payments to enable global money transfers, crypto liquidity to obtain digital assets, and CBDC services are Ripple’s primary use cases. Some people invest in XRP like they would invest in stocks, buying the currency on a crypto exchange, then holding it or selling it.
