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XRP obtained the second position from Ethereum in the red market with a market capitalization difference that has been extended to about $ 2.5 billion. A number of factors namely. support from exchanges, portfolios, companies and banks, among many others, is maintaining success for XRP.
The reign of XRP in second position
Recently, XRP kicked ETH from 2nd place. Despite the market being red and the two cryptocurrencies declining, XRP replaced Ethereum in second place as market capitalization. However, the gap between both cryptocurrencies is expanding, reaching $ 2.5 billion.
At the time of writing, XRP was trading at $ 0.4837 while 5.37% red with a market capitalization of $ 19.4 billion while Ethereum fell 7.76% to $ 168 with market capitalization of $ 16.8 billion.
As the capitalization gap continues to expand between the two cryptocurrencies and XRP with a momentum by its side, it is possible that XRP will claim the second position longer.
Ethereum is not seeing much of the movement in terms of price and usability as Ico have lost interest in the bear cryptography market. Although, according to the IBM website, iExec who is working with IBM on extending the value of the cloud through increased security "uses the Ethereum blockchain to create a market for decentralized cloud computing. "
What is the driving force?
When it comes to XRP, for beginners, it has been seen gradually decoupling from Bitcoin as usual, altcoins are moving in tandem with Bitcoin as also stressed by Weiss Crypto Ratings,
#XRP it is holding well above the recent lows, but if we see it it does not separate us #BTC, this would be an important step forward in the evolution of the crypto markets. We would like to see each encrypted currency exchange based on its fundamentals, and not on what happens to BTC. #cryptocurrency
– Weiss evaluations (@WeissRatings) November 15, 2018
Recently, we reported the large increase in XRP liquidity achieved with a range of support from exchanges, portfolios and companies together with traction as a base currency.
XRParrot, a way to convert the fiat to XRP was released by an XRP enthusiast and developer Wietse Wind who also created XRP Tip Bot which "allows users of Reddit, Twitter and Discord to send Ripple XRP to each other via comments / tweet reddit "is also coming with a new feature shared in part by a Redditor,
"The page has not yet been updated, but as described by Wietse, now we can tip anyone with a paper account (QR code)."
In another instance, Private Internet Access, an organization that for the first time supported XRP in 2013 as reported by the organization, only removed it last year. However, the organization has still extended support for XRP like website explicitly indicates that it accepts "Ripple" among other options.
In addition, the APPx group's holdings have signed a non-binding letter of intent (LOI) with GateHub Ltd, in which one of its GateHub Fifth services serves as a gateway to cryptocurrency.
"The platform offers the main consumer portfolio system that allows users to interact with Ripple's Xger Ledger with different types of resources (BTC, XRP, EUR, USD, GOLD, ETH, ETC, DASH)."
Furthermore, one of Ripple xCurrent's products unveiled its 4.0 features shared by Cypto and enthusiastic EDadoun on chirping,
Not to forget the CEO of Binance, the tweet of Changpeng Zhao that has impressed and moved the XRP community,
The basic shr xrp is strong. Take it from your system and put all your shillings under this tweet, and see how much we get. https://t.co/usiISCtuSj
– CZ Binance (@cz_binance) November 18, 2018
Summary
Item name
XRP beats ETH of $ 2.5 billion market capitalization, that's what XRP is driving
Description
XRP obtained the second position from Ethereum in the red market with a market capitalization difference that has been extended to about $ 2.5 billion. A number of factors namely. support from exchanges, portfolios, companies and banks, among many others, is maintaining success for XRP.
Author
Anjali Tyagi
Publisher name
CoinGape
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The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication has no responsibility for personal financial loss.
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