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Ripple cryptocurrency hits a record high and now a market capitalization of more than $110 billion

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Ripple, the world’s second-largest cryptocurrency by value, hit a record high on Wednesday as its strong rally continues.

The digital coin jumped more than 18 percent to an all-time high above $2.90, according to CoinMarketCap.

Ripple, or XRP, now has a market capitalization of $112 billion and remains solidly in second place to bitcoin, which has a market value of about $255 billion, according to CoinMarketCap. The website showed ripple has gained more than 45,700 percent over the last 12 months.

Source:www.cnbc.com