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04-Feb-2018<br />

Meet the Cryptocurrency That Disappointed Investors Most of All<br />

Sputnik News<br />

Click to open<br />

Ripple's XRP was favored by investors last month, but lost its attractiveness in February<br />

when it experienced a drastic decline of 80 percent to its historic maximum.<br />

Ripple's XRP has all the reasons to be called the biggest disappointment for investors,<br />

CoinDesk writes .<br />

In January, the XRP token rose to a record high and reached almost $3.8 USD, but then it<br />

experienced a drastic fall.<br />

On February 4, XPR's value was $0.86, that's down 80 percent to its all-time high.<br />

The cryptocurrency was favored by investors last month as it was considered one of the<br />

fastest and most convenient digital currencies for real-time global payments worldwide.<br />

READ MORE: A Bit Too Risky? Major Banks Halt Bitcoin Purchase Amid Volatility Fears<br />

However, by Sunday XRP's total market cap reached 34 billion dollars, whith the maximum<br />

figure being 138 billion dollars earlier in the year.<br />

Ripple is a payment network that launched its own digital currency in 2012 to facilitate global<br />

financial transactions.<br />

By contrast to other platforms using cryptocurrencies , Ripple has connections to legitimate<br />

banks. The platform is used by Santander (SANPRA), Bank of America (BAC) and UBS<br />

(UBS), according to CNN Tech.

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