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The XRP remains the second largest cryptocurrency in the market in a small space recovery. The market for virtual currencies seems to be picking up at an interesting rate and XRP shows that it is very healthy. Earlier this month, XRP passed Ethereum (ETH) as a second cryptography after Bitcoin (BTC) in terms of market capitalization.
The XRP works positively in relation to other coins
Ripple XRP seems to work positively compared to the rest of the market. For example, Ethereum has still managed to recover the position lost at the beginning of the current month. On November 14th, most of the virtual currencies collapsed. Some experts believe it was related to the hash war on Bitcoin Cash (BCH).
Free download: the Ripple Cheatsheet
It does not matter if you are a believer or an XRP skeptic, you should read our Ripple Cheatsheet.
In it, you will learn:
- Is XRP a good investment?
- Common misconceptions about XRP and Ripple.
- The differences between XRP, Ripple Labs and Ripple Protocol.
An obligatory reading for anyone who is considering investing in XRP (or already invested).
Since then, virtual currencies have lost more than 30% of their value reaching new annual lows. Ethereum was one of the most affected tokens on the market. In fact, virtual currency fell $ 100 dollars in a few stock exchanges for a very short period of time. This is a price that Ethereum has not had since the beginning of last year.
There were several Initial Coin Offerings (ICOs) who were trying to protect themselves from future losses and who made the decision to sell their ETH tokens. This increased the pressure in Ether's price, falling to $ 200 and thereafter to $ 100.
The value of the XRP coins did not hesitate and immediately took second place in the market. While most cryptocurrencies were losing their value, XRP was stable, close to gains or losses of 0%. This was very bullish, the XRP functioned as a virtual currency of coverage in a market full of red. Although the XRP ended up falling as the entire market, the losses recorded by this virtual currency were lower than those recorded by Bitcoin or Ethereum.
Now that the cryptographic market is recovering strongly part of the lost value, XRP continues to be a market leader. Ethereum is still struggling to get back to second place. At the time of writing, XRP has a market capitalization of $ 15.76 billion and each XRP currency can be purchased at $ 0.39. Meanwhile, Ethereum has a market capitalization of $ 12.58 billion and every ETH currency can be purchased for $ 121.
Most of the virtual currencies in the last 24 hours record attractive gains of between 8% and 15%.
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