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There were only a few survivors of the broken crypt last week, which saw nearly $ 30 billion wiped out of the markets in a couple of days. Bitcoin for one took a joke this time and opted for a new price range indicating that a shot could be very far. The XRP, on the other hand, overcame the digital storm and emerged on top, at least above Ethereum.
Solid performance in the last month
Ripple constantly states that XRP has nothing to do with the company, but the simple fact is that it does. What happens to Ripple will affect XRP, and with more than half the supply blocked by the company, it continues to contain all the strings. The positive developments both for the company and its token have made XRP one of the few cryptocurrencies to get a profit in the last month. It has gained over 10% in the last thirty days while Bitcoin and Ethereum beat 14% and 16% respectively.
These gains pushed XRP above the market capitalization of $ 20 billion and in second place while Ethereum continues to slip. The encrypted crypto-sphere is flooded by talking about a "flippening" today since the notion of XRP that captures Bitcoin becomes more valid. It still has a long way to go, however, with a capitalization gap of over $ 75 billion and many observers are jokingly commenting.
The highest $ XRP more salt I'm sure it will flip $ BTC in 2019.
Our new cryptographic standard will be very obvious.
Difficult to accept for many but so was the bitcoin in 2010
– 💮 55 (@Crypto_Bitlord) November 18, 2018
Crypto-trader Ran NeuNer of CNBC has pointed out that the recent hash wars between the Bitcoin Cash clans have done nothing to strengthen the crypto ecosystem or its communities;
These hash wars highlight why everyone should download BTC and BCH and just put all their money in XRP!
– Ran NeuNer (@cryptomanran) November 17, 2018
Other memes have included images of the Grim Reaper coming to Bitcoin. Even Craig Wright of the "faketoshi" tribe intervened tweeting "Because XRP is not a security, it will have to be a real supply of utility.If something is exchanged with profit expectations, it is not a token of utility.XRP is a tradable good that it is sold under the expectation of profit, which in itself makes it a security. "If the American SEC is agreed, XRP hodlers could be downloaded en masse.
Moving decoupling?
However, because XRP is really pushed, it must be decoupled from Bitcoin that has driven the state of encrypted markets since they started. The only way to do this would be that more exchanges would offer trading pairs in XRP as well as BTC, ETH and stablecoins. Weiss's ratings have tweeted that BTC should not dictate the outcome of any single project in the industry;
What will it take? #XRP to decouple #BTC? Simple: trading pairs based on XRP. First we add more diversity to the cryptographic space, the more we will be sure. #Bitcoin it should not dictate the outcome of any single project in this sector. #Binanceare you listening?
– Weiss evaluations (@WeissRatings) November 16, 2018
Binance's boss, CZ, has also responded in the meantime, speaking of the growing demands for XRP base pairs;
The basic shr xrp is strong. Take it from your system and put all your shillings under this tweet, and see how much we get. https://t.co/usiISCtuSj
– CZ Binance (@cz_binance) November 18, 2018
At the time of writing during the Asian trading session XRP was trading at $ 0.50, down less than one percent of the day, but more significantly Bitcoin and Ethereum were dropping further.
Image from Shutterstock
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