Raiblocks is one of the newest cryptocurrencies to enter the market, and it continues to break records unbeknownst to the crypto world. The market cap of the currency has managed to explode over the course of the past few weeks. The coin has managed to shoot up from under $0.22 to over $35 per share, with a market capitalization of over $4.6 billion. This kind of pricing isn’t unusual towards the lower end of the crypto market, where currencies can regularly jump up 30% or so, but to consistently do so is something that not many other crypto’s can compete with.
The coin known as XRB, is not in the top 20 of over 1,000 coins and continues to find its place in the market. Many currencies that come out now a days are meant to replace certain aspects of coins that do not fully meet consumer expectations. One of the main issues with most coins continues to be that of scalability. This issue is present highly in bitcoin and most other currencies. XRB has combatted this by having a network that can push transactions through almost instantly with little to no fees. This is something that most coins wish they could have, but sadly, most do not. One of the most well known of the new cryptocurrencies is one known as IOTA.
IOTA is groundbreaking of course, but the two are being compared now more than ever. With the new system that XRB uses to replace the older system of mining, it seems as though the possibilities are endless. The hopes are high that this new currency can continue to break barriers, as well as provide very solid gains for investors willing to take a chance at what could be the future of crypto.