The new wave of waves sees the token becoming for the first time bigger Altcoin by market capitalization


Ripple (XRP) surpassed Ethereum (ETH) to become the largest altcoin of market capitalization even today, on 6 November, after gaining 18% in 24 hours.

The CoinMarketCap data confirms the last rediscovered of the first two altcoin assets, repeating a pattern that occurred several times this year.

Overview of market capitalization

Overview of market capitalization. Source: CoinMarketCap

The XRP climbed higher over the weekend, when the markets reacted to a range of factors, including the new absorption of Ripple's xRapid platform, but it is unclear what specific factors have fueled the rally.

xRapid, the payment network that uses XRP as a means of transfer, was responsible for a previous bull run in September, which still saw Ethereum relegated to second place in the market capitalization ratings.

At press time, XRP / USD traded around $ 0.536, while ETH / USD earned a modest 1.7 percent in 24 hours to hit just above $ 212.

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