Never heard of RaiBlocks (XRB)? Don’t worry, you’re not alone. This rising star cryptocurrency isn’t quite a household name yet – not even for big crypto enthusiasts.
But, today especially, this coin is getting a lot of attention. This is thanks in part to its number 22 spot on the most-valuable cryptocurrencies list. Currently trading at $12.73, this coin has jumped about 27 percent higher in just the last 24 hours.
In the last week, this $1.7 billion crypto-coin has grown 159 percent in value. Looking back even further, its price increase is even more astounding. Over the last 30 days, RaiBlocks (XRB) has grown nearly 5,500 percent. That kind of growth is almost unbelievable.
What Is RaiBlocks (XRB)? How Does It Stand Out from the Rest?
This cryptocurrency started out like many of its fellow altcoins. Its developers originally built it out of criticism of the Bitcoin (BTC) blockchain technology. According to RaiBlocks’ founders, bitcoin just wasn’t cutting it. The most popular coin on the market had expensive transaction fees, lagging transaction verification times, and mining had become out-of-control competitive.
Bitcoin’s drawbacks prompted this coin’s founders to build a better alternative to traditional currency.
There are three big things that make RaiBlocks (XRB) superior to bitcoin. It’s free – there are no transaction fees. There are no miners, as mining is unnecessary. It’s lightning quick. The only other popular altcoin that offers similar, free technology is IOTA (MIOTA).
The market is certainly welcoming to blockchain technology that’s cheaper than the status quo. Bitcoin transactions, for instance, have a median fee of about $10.00.
We are certainly keeping our eyes on RaiBlocks (XRB). This robust blockchain technology is attracting more and more investors by the day. As the weeks go on, this coin has big potential to continue climbing the rankings.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.