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Abstract: The little-known Ripple suddenly gained momentum in mid-December last year, surpassing Ethereum in market value and becoming the second largest digital currency. The co-founder of Ripple, who holds 5.19 billion Ripple coins, ranks as the 22nd richest person in the world with a net worth of US$37.3 billion, higher than Li Ka-shing. Still waiting for Bitcoin to hit new highs and make you rich? Among the more than 1,300 digital currencies in the world, the "obscure" Ripple has put its co-founder Chris Larsen on the global rich list. As of now, the former CEO and current president of Ripple holds 5.19 billion Ripple coins. According to current price estimates, these Ripple coins alone mean that he has more than 13.7 billion U.S. dollars in property. If you add in the 17% of the company shares he holds, his current net worth has reached 37.3 billion U.S. dollars. Ripple, which had been little-known before, suddenly gained momentum in mid-December last year, rising from US$0.5 to US$2.64. Its market value surpassed Ethereum at the end of last year, becoming the world's second largest digital currency after Bitcoin.  If compared with the world's richest people, Larsen currently ranks 22nd in the world according to the Bloomberg Rich List, slightly behind Xu Jiayin ($37.6 billion), but higher than Li Ka-shing ($35.1 billion). Ripple was also the digital currency with the largest gain in 2017. At the beginning of 2017, one Ripple coin was only $0.0045, but by the end of 2017, the Ripple coin had risen to $2.47, an increase of nearly 379 times. Of course, there are not only giants like Bitcoin in digital currencies. In the eyes of many experts, some digital currencies have the potential to become the next Bitcoin. Faced with more than 1,300 digital currencies in the world, George Tung, co-founder of Cryptos R Us, a website focusing on digital currencies, provided investors with suggestions for choosing digital currencies: First of all, it depends on whether the team behind the digital currency has relevant experience and whether there is anyone who endorses the digital currency. Second, we need to look at why these digital currencies are issued. Many digital currencies are issued to solve problems. It is necessary for investors to understand whether these problems are real or are created by the issuers and are fictitious. Third, it depends on the “evolution” of digital currency. Are these digital currencies still in the incubation stage or are they more mature? Finally, it also depends on whether the valuation is too high. Some digital currencies are already overvalued, and investors must be cautious. From: Wall Street Insights Welcome to follow Qiankun Technology WeChat public account platform. Here we will always share the company's development trends with you and continuously bring you the best quality product information. In the future we will release more new products that can bring health, happiness, happiness and wealth. I hope everyone will pay attention to the platform regularly and share the best product information with family, friends, and people who need it. Let more people participate and spread the healthy and happy spirit.  Ripple QQ exchange group 1: 202163666 Ripple QQ exchange group 2: 622853488 (To learn more, long press the QR code to follow us) |
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