Ripple is now the world’s second-most valuable cryptocurrency. It had already overtaken ethereum briefly yesterday before the latter usurped its previous position.

This time around, Ripple – which also doubles up as a payment network – has built a substantially higher valuation. (See also: How Do I Buy XRP (RIpple)?)

At 13:46 UTC, it was trading at $2.20 per coin, up 22% from its price 24 hours ago, and had a valuation of $85.2 billion.

A single ethereum could be purchased at $687.96 and the cryptocurrency was worth $66.2 billion in the markets. (See also: Ripple Briefly Topped Bitcoin Cash To Be Third Largest Cryptocurrency.)

The price of a single bitcoin continued to slide.

At 13:51, it was worth $12,781.07, down 11.41% from its price 24 hours ago. Since December 27, the cryptocurrency has fallen by 22%. Read more from…

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