Ethereum Reclaims #2 Position Back From Ripple
Just when it looked like Ripple (XRL) was going to eat Ethereum's(ETH) lunch - it's looks like ETH is taking back it's rightful place in the #2 Spot at a market cap of $110 Billion vs Ripple's market cap of $98 Billion.
The shift happened over the last trading day when ETH saw more than double the trading volume of XRP. Meanwhile , headlines were touting Ripples 30% plunge. However, after a steep drop, XRP started to recover a little and gained back most of it's losses, but is still lower than it's previous 24 hour trading session.
Meanwhile, ETH was experiencing heavy trading volume and steady growth.
It looks like 2018 is going to a record year for both of them - who will emerge the victor?
Your thoughts and comments are always appreciated
Please be sure to check out my others articles on real estate, investing , and cryptocurrency ( and some other random dog stuff)
I always upvote comments to my blog posts
More than a battle of market cap, everyone should invest in coin they understand and backed with a real use case.
While Ripple (R3) has a technology attracting financial institutions, XRP (the coin) is not linked to its performance or usage. It used to be advertised as the fee, but one should understand that there is no point having volatility on a fee for Finance + the blockchain that may be used by the multinationals will probably be different and private!
I shared more of my thoughts in a Steem post at the following link:
https://steemit.com/ripple/@pada-1/my-thought-about-ripple-xrp