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In recent months, XRP has proved to be the least volatile currency in the encrypted market. Although this was a good thing for keepers when the market is dropping, this feature turned out to be a double-edged sword. According to many, XRP seems to be underperforming when most of the major currencies are dramatically increasing. One consequence of this was Ethereum ETH which closed the gap on the market.
Over the past two days, Ethereum outperformed the XRP, achieving massive gains of up to 18%. This impressive performance saw Ethereum close the market gap that was higher than $ 1 billion, at what is at the time of printing, a little over $ 500 million.
At the time of the press, Ethereum traded at $ 139 after reaching a maximum of $ 146 over the weekend. The currency seemed determined to reach the high of 24 December when it touched $ 155. Today it still records marginal gains as it is still just under 2%.
The XRP, on the contrary, is at the time of the press negotiation for just over $ 0.36 and in the last 24 hours saw a marginal drop of 1.7%. During the recent increase, XRP managed to hit only a maximum of $ 0.38. This slow performance was despite a big performance on December 24 when the coin hit $ 0.44.
Over the weekend, XRP rose by 8%, which is less than half the income from Ethereum. If the trend persists and Ethereum continues to close the gap, we could see it resume the title as the greatest altcoin.
Bitcoin BTC Price Analysis
The last two hours have seen the market undergo a price correction that has seen the bitcoin drag back to the $ 3,800 position after initially reaching the highs of $ 3,950. The decline came after the currency was unable to exceed the $ 4K position.
As the year nears its end, experts continue to double their prediction that 2019 will once again see cryptocurrencies rise. According to Tone Vays, trader and bitcoin enthusiasts, part of this will be triggered by the awareness that the bitcoin has been repeatedly declining in 2018 but has not yet come out (dead) as many previously expected. If anything, the market has shown that it can survive any storm thrown and come out stronger. They should Vays tone prediction be honest, 2019 could be an exceptional year like 2017.
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