Ripple (XRP) ‘Flippens’ Ethereum to Become 2nd Largest Cryptocurrency

Altcoin News | Crypto News | Latest News

A “Flippening” has once again arrived in the cryptocurrency markets, but — much to the chagrin of ethereum investors — it’s not the one that ETH holders have long anticipated.

Bolstered by a seemingly-parabolic rally not seen since January, ripple (XRP) has managed to unseat ethereum as the second-largest cryptocurrency by market cap.

ripple price xrp ethereum
Source: CoinMarketCap

According to CoinMarketCap, XRP currently has a total valuation of $23.9 billion, placing it more than $400 million ahead of ethereum. The ripple price has risen an astounding 64 percent in the past day, capping off a week-long rally of more than 113 percent.

FREE CRYPTO COIN JUNKY HANDBOOK - 147 page guide covering Crypto Fundamentals, Beginners/Advanced Crypto Trading Strategies, Crypto Mining Techniques, ICO Investment strategies, and so much more.

CRYPTO TRADING STRATEGY GUIDES - Whether You're Day Trading, Swing Trading, Or Just Investing...Our Extensive Guides Will Get You To Where You Want To Be.

There’s no clear trigger for the XRP price rally, other than San Francisco-based blockchain startup Ripple’s recent announcement that XRP-based commercial blockchain applications will go live “in the next month or so.”

Commenting on XRP’s recent rally, Matthew Newton, analyst at eToro,stated that “the stars seem to have aligned” for the coin.

“Despite being one the most polarizing cryptos of them all, eToro customers can’t get enough of XRP at the moment; it has more exposure than any other asset on our platform. As we’ve seen in the past, the price tends to move in short, sharp bursts, picking up a lot of momentum when the hype builds. It remains to be seen how much further it could go.”

Ed Cooper, head of mobile at crypto-friendly fintech company Revolut, said in an emailed statement that it “remains to be seen” whether the rally will hold.

“The high transaction values, coupled with market sentiment following the announcement on Monday could indeed be the reason why XRP reached new highs, having gained nearly 50% in the last 24 hours. While this is great news for many crypto enthusiasts and especially for XRP fans, it remains to be seen if the bullish trend will prevail, given the current market conditions that have seen nearly all cryptocurrency losing around a great deal of their value since the beginning of the year.”

XRP briefly surpassed ethereum’s market cap in December and early January, when investor mania and the “Kimchi Premium” drove its price as high as $3.84 and made ripple the first cryptocurrency after bitcoin to achieve a $100 billion market cap. However, ethereum ultimately regained the silver podium, a position it has held throughout 2018 — until now.

THE COMPLETE IDIOTS GUIDE TO MARGIN TRADING ON BITMEX - Beginner Strategies for Generating Consistent Profits with Margin Trading on Bitmex

TOP 3 BITCOIN CASINO & SPORTSBETTING SITES OF 2018 - Looking to Have a Little Fun with Your Crypto? Check Out the Latest & Most Innovative Crypto Gaming & Sportsbetting Sites on the Web

Leave a Comment

Latest Crypto News

CNBC Analyst Predicts Bitcoin Price Is ‘About To Explode Due to ETF Buzz

Bitcoin Breakout ‘Only a Matter of Time’

Bolstered by stable trading volume, growing network activity, and increasing validation on Wall Street, the bitcoin price could be on the brink of a major move to the upside. eToro senior market analyst Mati Greenspan

Tether Found a New Bank, and it Might be in the Bahamas

Tether Found a New Bank, and it Might be in the Bahamas

Tether, the controversial issuer of the USDT cryptocurrency, may have found a new banking partner in the Bahamas. Tether May Have a New Bank As first reported by The Block’s Larry Cermak, Tether — whose USD-pegged cryptocurrency

Bitcoin: This is the Quiet Before The Storm

Bitcoin: This is the Quiet Before The Storm

The air feels different during the autumn, which is around the corner here in the northern hemisphere. I must admit, I really enjoy walking down the street when it’s covered in colorful leaves. Can’t really

Sign Up Below!
Airdroppin the Latest Crypto News, Trading Strategies, Tools, & Reviews



1
Bitcoin
Bitcoin
$6,481.10
-0.88%
2
Ethereum
Ethereum
$202.97
-1.89%
3
XRP
XRP
$0.4536
-2.95%
4
Bitcoin Cash
Bitcoin Cash
$434.74
-2.93%
7
Litecoin
Litecoin
$52.396
-2.13%
9
Cardano
Cardano
$0.074669
-3.83%
6
Stellar
Stellar
$0.2350
-2.31%
15
NEO
NEO
$16.497
-0.84%
5
EOS
EOS
$5.355
-0.99%
12
IOTA
IOTA
$0.4929
-3.49%

Crypto Guides & Tutorials

 Crypto Reviews

Subscribe to Our Social Media Daily Crypto Memes
Follow, Like, and Share Our Memes With The World


Pin It on Pinterest

Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK