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While the cryptocurrency market sees another fierce lurking by the bear, the situation continues to worsen for Ethereum [ETH] and XRP. Today, ETH broke its support of $ 165 to form an even lower level of support for $ 161. At the time of printing, the currency was trading at $ 159, with a market capitalization of $ 16.4 billion. The total 24-hour trading volume was $ 1.92 billion.
ETHUSD | 1 Day Price Chart | Source: CoinMarketCap
During the day, the highest price at which Ether traded was $ 179.15, when the market capitalization was $ 18.5 billion. In addition, the token saw a huge wipeout of over $ 1.5 billion during the day. This made a big contribution and played in favor of the XRP to keep his domination in second place.
Prior to the collapse of the cryptocurrency market that shook all the big coins across the board, the one-month price chart of Ethereum had trading prices of $ 221, with a market capitalization of $ 22.7 billion . This was before ETH lost its splendor on XRP and its market capitalization diminished.
Currently, XRP is far above its competitor, trading at $ 0.47, with a market capitalization of $ 19.3 billion. The total difference of the market ceilings of both currencies is approximately calculated at $ 2.8 billion.
Another defeat was witnessed by the Ethereum ecosystem when Tron [TRX], the eleventh largest cryptocurrency, has passed the ETH in terms of the volume of dApp. Here, IDEX, the dApp n. 1 on the Ethereum blockchain was observed to have the 24-hour transaction volume of 2,430 ETH.
Meanwhile, Tronbot, which is a successful dApp on Tron's blockchain, has a 24-hour transaction volume of over 422 million TRXs, which compete with ETH in its own game.
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