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Today, Ethereum earned a whopping 11% in value, adding $ 1 billion to its market capitalization and outperforming XRP to regain second place in the capital market rankings. The price rose from a low of $ 131 last night to the current level of just over $ 148 at noon (UTC) today.
The move means that Ethereum has regained 90% of its losses towards the end of last year, but it will probably continue to resist previous support levels between $ 170 and $ 180 if it continues to rise. This month will host the long-awaited Ethereum's Forcella di Costantinopoli, which plays a significant role in the passage of Ethereum from a Proof of Work (PoW) protocol to Proof of Stake (PoS), a modification designed to improve the speed and scalability of transactions problems.
Although not entirely to the extent of Ethereum, XRP also enjoyed gains today, increasing by 3.4% with a market capitalization of $ 14.8 billion. The currency is now trading at $ 0.36, compared to $ 0.34 before today. Yesterday, nearly three billion XRP tokens worth $ 1 billion were moved in a succession of seven transactions between the various distribution portfolios Ripple Escrow and Ripple OTC. The moves were revealed to be part of Ripple's Escrow feature, which was designed to release a certain number of coins on a monthly basis.
Other currencies that have made impressive gains today include Litecoin (LTC), which rose 6.5 percent to $ 32 and EOS, up 4.6 percent to $ 2.70. Bitcoin (BTC) is trading at $ 3,822, up 3%, with the overall cryptocurrency market rising to around $ 7 billion from the start of the year.
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