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Ripple overtakes bitcoin as third-largest cryptocurrency


Added 12-30-17 02:04:02pm EST - “In a relatively calm day for cryptocurrencies, most of the largest are down by a few percentage points.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Ripple overtakes bitcoin as third-largest cryptocurrency”. Below is an excerpt from the article.

Published December 30, 2017 Bitcoin Motley Fool

'Way of the Wolf' author Jordan Belfort explains why the lack of scarcity of bitcoin -- and the readily available forms of other cryptocurrencies -- will ultimately decrease its value close to zero.

In a relatively calm day for cryptocurrencies, most of the largest are down by a few percentage points. Bitcoin, Ethereum, bitcoin cash, and Litecoin are all down, but banking-oriented cryptocurrency Ripple is up by double digits, catapulting it into the No. 3 spot in terms of market capitalization.

What caused the negative moves among the others? It's possibly due to comments made by a widely followed cryptocurrency analyst who sees a volatile year for bitcoin in 2018, and not necessarily to the upside.

Here's a look at the five largest cryptocurrencies by market capitalization, and how much each has changed over the past 24 hours.

Read more...

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