A single Ripple token, referred to as XRP, is worth a modest $1.13 today but could be had for just $0.006 in January, according to the latest figures from CoinMarketCap.
The massive rise equates to an eye-watering 1,783 per cent appreciation in value since the start of the year.
Nearly $43billion is invested in to Ripple across the world, and the digital currency has a number of high-profile users - including several multinational banking firms.
In the past 24 hours, investors have bought up $3.9billion worth of XRP tokens, with South Korea’s Bithumb exchange processing a quarter of all transactions.
Ripple began its stellar rise last week after an increase in prices among rivals, and rocketed from $0.27 on December 12 to $0.80 in just three days.
And rumours that Coinbase, one of the world’s largest cryptocurrency exchange, would begin trading XRP served as a major catalyst.
By comparison, bitcoin has seen a 1,514 per cent appreciation in value during 2017, trading at $963 in January and currently worth $15,550.
However, bitcoin has received a great deal of negative press in recent days, and seen its value plummet from more than $19,500 on December 17 as a result.
Ripple on its part has sprung from $0.5 to $1.02 recordning more than a 100% increase in its value. Lets watch out for the Ripple Coin. It is a good time to invest.