One bitcoin, which doesn’t actually have a real, physical form, is worth at this moment upwards of $18,000 ,Bitcoin Cash is currently trading at $1,759 per pop, a decline of 5% in the last 24 hours. Its price hit a high of $2,080.41 at 06:59 UTC yesterday. It has a market capitalization of $1.4 billion in the markets.
Ripple is now the third biggest cryptocurrency, thanks to its surging prices. At 17:51 UTC, Ripple was trading at $0.78, up 4% in the last 24 hours. Yesterday its price shot up to as much as $0.89 before paring back its gains. Ripple’s market capitalization is $4.7 billion, as of this writing.
Bitcoin Cash and Ripple are completely different beasts. The former came into existence only this August after a hard fork in bitcoin’s blockchain. With a bigger transaction block size than its parent, the cryptocurrency is aimed at increasing the volume and speed of transactions on bitcoin’s blockchain. It is yet to develop a coherent business model or utility within the cryptocurrency ecosystem
Right now, bitcoin looks increasingly like a tool for speculation rather than a viable, mainstream currency. And one scientific law that math, physics, and economics all share is this: Bubbles pop.