[ad_1]
After a month and a half delay XRP as the most precious altcoin, Ethereum has finally returned to its position. Ethereum lost the position on November 15, which coincided with the hard fork of Bitcoin Cash. However, an important hike over the past four days has again helped the currency to eclipse the XRP, with a margin of $ 500,000. The currency again hit the very critical $ 150 level for the first time since Christmas Eve. If it could find support at this level, it could trigger a major price rally that could bring joy to investors in the crenellated crypt.
The XRP has proven to be a little less susceptible to market losses in the last two months. While its price is still 80% below its all-time high, it has lost less than its competitors, plus Ethereum. On the eve of the Bitcoin Cash fork, Ethereum lost 15%, with XRP losing 9%. This helped XRP overcome Ethereum and become the second most valuable cryptography, only according to Bitcoin.
A game of thrones
Ethereum's struggle has been phenomenal. Just two weeks ago, the currency was trading at $ 83. Although not directly linked, it was somewhat negatively impacted by the hard fork of Bitcoin Cash, hitting a minimum of 30 days. It was not a particularly good day for other criptos, with Bitcoin losing 11%.
However, two weeks later, Ethereum has recovered $ 67, an incredible gain of 80%. In the last 24 hours, the currency recorded a 10 percent gain. In contrast, XRP gained only 2.66% and at the time of printing was trading at $ 0.365. The market capitalization of Ethereum now stands at $ 15.6 billion, $ 500K more than XRP, which stands at $ 14.9.
OEX continues to be the largest market in Ethereum, recording transactions worth $ 165 million. This represented 5.5 percent of the total volume. The Singapore-based exchange is the 17th largest globally by trade volume. The global giants OKEx, Huobi and Binance were the other main markets.
The XRP has again been in the spotlight, with the polarizing question that XRP is a security at the center of attention. In the past, the SEC refused to rule out the possibility that XRP was a security. In contrast, Jay Clayton, the president of the SEC, said the rivals of XRP Bitcoin and Ethereum are not titles. This was also cited as the main reason why Coinbase still has to list XRP, even after new projects like Ethereum Classic and 0x have been listed. The XRP community has been waiting for the Coinbase listing for over a year, with rumors emerging from time to time.
US cryptographic exchange Kraken was the last to incite this debate on Twitter after asking for clarifications on how to list XRP on its platform. Kraken tweeted:
Dear XRP Army, Ripple is (and was the first) a payment protocol whose native currency is XRP. You could suggest the company of the same name to change its name (again) to avoid ambiguity. The convention is
, such as: Ripple XRP, Ethereum ether, Bitcoin bitcoin, etc. 💙 – Kraken Exchange (@krakenfx) 29 December 2018
The tweet has aroused great debate, with XRP enthusiasts fiercely defending their crypt against the accusation that it is a security. If the SEC were to be considered a security, XRP could be removed from many cryptographic exchanges as they are not legally bound to offer securities.
Picture (s): Shutterstock.com
[ad_2]
Source link
