Ripple (XRP) created headlines late last month by overtaking Ethereum as the second largest cryptocurrency worldwide.
As of today the marketcap of Ripple stands at around 91 Billion and a total of around 39 Billion ripple coins are in supply around the Globe.
You can see from the chart below how it rose from around $0.22 in first week of December to more than $3 during the last week of December rising more than 15 times it original price.
So, was Ripple not available earlier or something has happened and how to get this Crypto Currency ?
Well, Ripple or XRP has been available since 2012 and since then the Ripple Foundation which owns almost all the coins have been selling the coins on exchanges around the globe or to institutions.
How to Mine Ripple in 2018 ?
Well, Ripple is one of the crypto currencies on the block which can not be mined, because all of it has been pre mined by the organization that runs Ripple.
Also Read : Should you buy bitcoin at $20,000
They have some partners around the globe and have been selling the crypto currency to them at a price which was around US $ 0.2 until last December but as of today i.e. January 9th 2018, the price is around $2.4.
So You can not mine Ripple.
How can you get Ripple ?
Ripple currently trades along sides with multiple currencies in more than 50 exchanges around the world. Most of the exchange require you to have Bitcoins and then exchange them for Ripple.
Some of the popular exchange with high volumes are
Bithumb is a Korean exchange and had the largest 24 hour volume against Ripple of over 1.1 Billion US$ according to Coinmarketcap.
Will Ripple Rise from Here ?
I am attaching a random video from Youtube about Ripple and it is currently in Hindi Language.
If you do not understand Hindi then this video says .
Current market cap of Ripple is quite signification in relation to the total market supply. Since the coin has large market supply of 38 Billion coins, it can not go higher than 4$ currently until it significantly improves the things it is doing.
Finally : In case you want to enter into Ripple, please be advised that Crypto Currencies are not backed by any physical fiat and therefore can destroy your wealth. In case you purchase any Crypto Currency with your hard earned money then you should be ready to take out profits at right times.
Disclaimer : I do not personally Hold any Ripple coins and I am not a financial adviser so please invest using caution.