XRP gets an edge over Ethereum, continues to outperform
As reported by Ethereum World News on Sunday, under market conditions downward, with Bitcoin (BTC) continuing to show signs of weakness, XRP, along with its estranged cousin Stellar Lumens (XLM), suddenly started to overtake Btc. More specifically, while Bitcoin rummaged around $ 5,600, Ripple's digital go-to resource began its mini-bull run, quickly recording gains through its USD and BTC pairs.
In the end, after a contained wave, catalyzed by an influx of purchasing pressure and a positive community sentiment, XRP recovered completely from the initial sale on Wednesday, which saw the capitalization of heritage market surprisingly surpass that of Ethereum (ETH). Regardless, many were still worried that the aggregate market capitalization of cryptocurrency would take a $ 20 billion hairstyle.
And as Monday hit, XRP supporters feared the worst, as BTC had fallen below $ 5,000 for the first time in 2018, far from a bullish signal, that's for sure. However, with displeasure of the critics of XRP, the good in some way held, against all the odd and dismal signs, as the fears of centralization and technical indicators of overbought.
At the time of writing, Ripple's cryptocurrency of choice had a slight loss of 0.92%, which is almost negligible considering that Ether, Litecoin and its neighbors on the covalese have lost 15%.
Bitcoin, for example, fell 12.11% in the last 24 hours, with XRP outperforming its essential "godfather" of 11%, which is almost unheard of, even in the astonishing bull of the 2017.
With this stellar performance in mind, some feared that the hegemony of Ethereum as the second capitalized encrypted resource has come to an end … and forever. Because as it is, in a move that many have not seen come, XRP has taken an almost insurmountable $ 4.3 billion lead in its run with Ether.
At the time of printing, Ripple's main resource is $ 0.494, a pop, just a few cents from its weekly high.
The "Flippening" speech explodes, but not everyone is convinced
According to our previous reports, once XRP's market capitalization exceeded Ether's, some of the adamant supporters of the former project took to Twitter to exclaim that Bitcoin had to close its doors and close its blinds, so to say. A "FirePower" moniker user also tweeted a meme-of-sorts, which shows the Grim Reaper knocking on Bitcoin's door after slaughtering Ether, Litecoin, and Stellar Lumens.
– FirePower (@FirePowerFP) November 17, 2018
CNBC's Fast Ran NeuNer has also tripled his pro-Ripple comments, leading to his dedicated, but a somewhat skeptical following of 92,000 to assert that "at this rate, XRP will be in first place by Friday", evidently referring to the non-stop "flippening talk". "
Mati Greenspan, eToro's crypto-savant in-house, also participated in Twitter to discuss the growing dominance of XRP, touching on the social factor of cryptocurrency, which is one of the strongest in the industry, to say the least.
– Mati Greenspan (@MatiGreenspan) November 19, 2018
However, some have taken this "flippant" discussion as nothing but a joke, with a series of prominent prominent analysts / crypts teasing the Ripple community through a series of tweets. Moon Overlord, a crypto trader and commentator, joked that he "thinks ironically" that XRP could overturn the BTC.
BitLord re-echoed Moon's inclination for trolling, explaining that Ripple's go-to token could overturn BTC in 2019, and then touch the "#XRPTheStandard" meme / joke that has been circulating in the latest encrypted social media channels. years.
Regardless of this, it has become even more evident that the discourses on this topic are not intended to dissipate early, this is certain.
Title Image Courtesy of Marco Verch via Flickr