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The cryptocurrency suffers from a cold cold when the space hits the winter. Here, the status of the currencies occupying the second and third positions of the index have adopted completely different approaches to addressing the bear market. While Ethereum [ETH], now the third largest cryptocurrency has fallen by more than 15% while XRP is an obvious winner, with an increase of 0.28%.
At the time of writing, Ether was trading at $ 138 with a market capitalization of $ 14.3 billion. Its total volume of trade in the last 24 hours was recorded at $ 2.75 billion.
7-day ETH price chart | Source: CoinMarketCap
At the beginning of the week, Ethereum began trading at $ 209 upwards with a market capitalization of $ 21.6 billion. Within a week, the token market capitalization canceled by a whopping $ 7 billion, at least. This caused a lot of damage to the reputation of Ethereum in the cryptocurrency market as it was managed by XRP and eliminated its previous spot.
Starting with the performance of XRP on the market at the time of printing, the currency was trading at $ 0.48 with a market capitalization of $ 19.4 billion. The total volume of 24-hour exchanges was observed at $ 1.3 billion.
1 Day XRP Price Chart | Source: CoinMarketCap
As seen in the chart above, XRP is experiencing a high volatility in its price evolution. The cryptocurrency is forming huge waves amid the assault launched by the bear.
In addition to Ethereum and XRP, the market is seeing some of the most expensive prices for large currencies. Bitcoin [BTC] dunked under $ 4,500 to trade at $ 4,470 where its market capitalization was about $ 81 billion. Other cryptocurrencies, ie Litecoin [LTC], Cardano [ADA], Monero [XMR] and Tron [TRX] they are also facing many difficulties after decreasing by more than 10% each.
In this scenario, Bitcoin Cash [BCH], which is currently facing several problems including a hash war has plummeted to a surprisingly low percentage, ie 42%.
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