Home / Ethereum / Ethereum [ETH] establishes the dominant position on XRP; soaring seen through altcoins -AMBCrypto

Ethereum [ETH] establishes the dominant position on XRP; soaring seen through altcoins -AMBCrypto



The 27th In September, the cryptocurrency market saw some volatile shares with the price of cryptocurrencies rising and falling throughout the day. Popular cryptocurrencies like Bitcoin [BTC] and Ethereum [ETH] seen the green towards the end of the day.

At the time of writing, Ethereum rose by 1.68% with a total market capitalization of $ 22.356 billion. The cryptocurrency was trading at $ 218.71 with a 24-hour market volume of $ 1.821 billion. Most of the trading volume of Ethereum was held by BitForex with a clear 24.08% majority. BitForex trading volume was $ 661.02 million, much more than $ 1322.188 million in second place DOBI trading.

Ethereum, which was behind XRP in terms of market capitalization a few days ago, has returned to its stronghold, maintaining a strong second position. At the time of the press, the disparity between Ethereum and XRP was $ 1.42 billion.

The cryptocurrency in the news recently when Michael Novogratz stated that Bitcoin's price position was far better than that of Ethereum. He said that after the selloff in the cryptocurrency space, the Bitcoin estate as a leader in the cryptosphere is undisputed. Novogratz also added that in its view, Bitcoin is more a blockchain player than a fintech player.

ETH has also been involved in real-world applications with the latest reports stating that Juventus, the colossus of Calico A, has announced the launch of its fan token. Cristiano Ronaldo's new team has partnered with Socios.com, a fan engagement platform that uses blockchain technology.

Giorgio Ricci, head of global partnerships and Juventus business revenue stated that:

"Together with Socios.com we believe we can offer new opportunities to our fans all over the world to engage in cutting-edge fashion with their favorite club"


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