Ripple, the world's second-largest cryptocurrency by value, hit a record high on Wednesday as its strong rally continues.
The digital coin jumped 29 percent to an all-time high of $3.20 in afternoon trading, according to CoinMarketCap. Ripple, or XRP, now has a market capitalization of $122.7 billion and remains solidly in second place to bitcoin, which has a market value of about $251 billion, the website showed.
Ripple 12-month performance
The website showed ripple has gained more than 49,500 percent over the last 12 months, and more than 160 percent over the last week.