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- Ethereum (ETH) is among the largest single-digit gainers of the day.
- The real battle is between Ethereum (ETH) and Ripple & # 39; s XRP.
- Ethereum intends to maintain the second position in the market.
As the new sets are, industry investors are confident that 2018 will fall a year when the crypto-market will reverse the bear trend. Throughout 2018 the market continued to attempt recovery, however, the bulls did not have the momentum to sustain growth beyond certain levels of resistance. The recent ones in November and December pushed the activities further downstream, while the market capitalization fell slightly below $ 100 billion compared to $ 800 billion reached in January 2018.
Meanwhile, most businesses are showing signs of inversion of the trend as early as the new year. It's a head-to-head battle among buyers who want to see the scrambles overcome the main obstacles while the bears plan to keep the assets below the long-term downtrend line.
Ethereum (ETH) is among the largest single-digit gainers of the day. The resource has increased by 4.17% on the day while other virtual currencies such as Bitcoin (BTC) and Ripple & # 39; s XRP and Bitcoin Cash (BCH), among others, are still languishing in the Red Sea.
The real battle is between Ethereum (ETH) and Ripple & # 39; s XRP. This last one was held tight as the second largest cryptography in the world after passing Ether. In 2018, Ethereum was under intense pressure on sales. The asset has not only lost its position in the market compared to XRP, but its value has dropped significantly from around $ 1400 to lows around $ 80.00.
Currently, Ethereum trades hands at $ 148 and has a 24-hour trading volume of $ 2.56 billion. It has a higher correction of 8% over the same period and its market capitalization stands at $ 15.27 billion. On the other hand, Ripple's XRP is valued at $ 14.85 billion and has a 24-hour trading volume of $ 442.09.
Ethereum is likely to hold second position due to the imminent hype surrounding the updating of Constantinople. The update of the rigid fork will take place in two weeks and will see the capacity of the network increase to over 1,000 transactions per second.
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