Ripple Becomes 2d Most Valuable Crypto Company After Bitmain: Messari

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Sat, 12/21/2019 - 10:50
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Yuri Molchan
After the news about Ripple raking in $200 mln of new venture investments, Messari agency states that it has become the second crypto decacorn after Bitmain
Ripple Becomes 2d Most Valuable Crypto Company After Bitmain: Messari
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On Friday, it became known that the Ripple unicorn attracted another $200 mln as part of its Series C funding round. The investors were SBI Holdings, Tetragon and Route 66 Ventures.

After that Ripple became valued at $10 bln, leaving all other companies in the crypto industry behind and coming second after the Bitmain mining gear maker giant, writes Messari agency.

Ripple becomes 2d most valuable crypto company

The CryptoEri user, who is considered an influencer in the XRP community, has tweeted the results of the recent investment injected in the Ripple crypto giant. She tweets:

“the 2nd most valuable company in the industry behind Bitmain.”

“‘And tied for 18th as most valuable start-up in the world.”

Now, Ripple has more resources to go on with its global expansion, she writes.

Messari on the recent VC investment in Ripple

The CryptoEri’s high appraisal of Ripple comes from Messari’s report, which states:

“With the new round of funding, Ripple has now raised a cumulative $292 million in venture capital since inception.”

“At $10 billion Ripple is the industry's second decacorn behind Bitmain, which due to the bear market is likely worth far less than the $12 billion it was valued at in 2018. Ripple is now tied for the 18th most valuable start-up in the world.”

Related Ripple’s XRP Price to Rise from Knees in 2020: Crypto Community Expects
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Hard times for Ripple now, an investor says

A prominent investor Alistair Milne, who seems to be an opponent of Ripple, says that perhaps the company is having a bad time if it chooses to part with it stock instead of selling XRP.

He also hinted at what many have been saying recently – by constantly selling XRP on a regular basis, the company prevents the XRP price from rising.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.