Ripple Has Reached 2nd Place by Market Cap Surpassing Ethereum

Ripple Has Reached 2nd Place by Market Cap Surpassing Ethereum

Today, on September 21, 2018, a “miracle” has happened. XRP has reached the second place in the cryptocurrency market, surpassing ETH by market capitalization. This is not very pleasant news for Ethereum holders. The king of ICOs and smart contracts has returned to its position for a few minutes, but then has finally given up.

  • XRPXRP$0.381845-4.02%

According to CoinMarketCap, XRP currently has a total valuation of $23.38 billion, placing this coin more than $8 million ahead of ETH.

It should be noted that in the last week Ripple price increased more than twice. This is a record figure for top altcoins during the current, generally bearish, trend. In the past day, XRP price has risen fantastic 64%.

ripple coinmarketcap

This rally was probably caused by recent Ripple extension and increasing cooperation with banks. On September 19, Marcus Treacher, Global Head of Strategic Accounts of  twitted: “RippleNet is now live across 40 countries and 6 continents. We’re making faster, cheaper and more transparent payments available no matter where you are in the world.

To know more about Ripple (XRP), please read our basic article.

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