Ripple Sees Its XRP Coin Get the Most Votes for Best Cryptocurrency Under $1 USD to Buy
XRP Has Been Voted as the Best Cryptocurrency to Buy Under $1 Dollar
According to a recent poll made by Weiss Ratings, XRP has been voted as the best virtual currency to buy under $1 dollar. The other possibilities provided by the independent rating agency were Stellar (XLM), Cardano (ADA) and IOTA (MIOTA).
The poll has been conducted on October 11 and registered 5,726 votes which are almost 50% of Weiss Rating’s followers.
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— Weiss Crypto Ratings (@WeissCrypto) October 11, 2018
XRP is one of the most valuable virtual currencies in the market right after Bitcoin (BTC) and Ethereum (ETH). It has a market capitalization of $16.72 dollars and each coin can be bought for $0.41 dollars.
At the same time, XRP has been facing different difficulties during the last months. The U.S. Securities and Exchange Commission has been closely following XRP and Ripple in order to understand whether it is considered a security or not.
Moreover, since the beginning of the year, XRP lost more than 90% of its value. However, now is being traded 88% down from its all-time high of $3.66 per coin, according to CoinMarketCap.
As per the poll conducted by Weiss Ratings, the second most voted coin was Cardano, with 25% of the votes. Stellar received 8% of the votes and IOTA just 3%.
Stellar is currently the 6th most valuable virtual currency with a market capitalization of $4.08 billion dollars. Each XLM coin can be purchased for $0.21 dollars. Cardano is now the 9th largest coin with $1.91 billion dollars market capitalization and the ADA token can be bought for $0.07384 dollars.
Finally, IOTA is the 12th most valuable crypto with a market cap of $1.36 billion dollars. It is possible to buy MIOTA for $0.48 dollars.
The results show that Ripple is doing a great job in order to promote XRP and different products and services for financial institutions and banks all over the world. XRP could be one of the most used virtual currencies in the financial world rather than Bitcoin or Ethereum.
In the last months, Ripple has been working in order for enthusiasts to understand that XRP works in an independent way from Ripple. However, Ripple holds an important part of the XRP supply and both are closely connected. Although that holds true, there are other projects not related to Ripple that are starting to work with XRP, including a tipping bot.