November 15, 2018

Ripple (XRP) Overtakes Ethereum as Second Biggest Crypto By Market Cap

Bitcoinist.com

Ripple (XRP) has once again overtaken Ethereum by market cap amid ongoing cryptocurrency market turbulence and bearish sentiment.

Only $100k Separates Ripple and Ethereum

As data from Coinmarketcap confirms, Ripple’s XRP token is now the largest altcoin, losing less than Ethereum in the past 24 hours. As a result, ETH is now in the third-largest cryptocurrency, repeating what has become a pattern in 2018.

As Bitcoinist previously reported, XRP last overtook ETH fairly recently on the back of rumored expansion of the token’s usage.

While not directly affecting Ethereum, the bitcoin Cash hard fork appeared to hit the asset particularly hard, ETH/USD 00 losing almost 15 percent versus bitcoin’s 11 percent.

XRP/USD 00 fell 9.2 percent, the difference in market cap between the two altcoins now just $100,000.

No Cause To Celebrate

The short-term success of XRP contrasts with the continued publicity battle Ripple has seen in recent months.

As Ethereum developers forge ahead with major technical developments many have championed, Ripple appears mired in criticism of both its products and senior executives, who have delivered contradictory statements about the company.

In October, CEO Brad Garlinghouse hit back at accusations the network was overly centralized.

“I as the CEO of the company can’t control the XRP ledger. I can’t change a transaction,” he told Cheddar.

“…I think there are a lot of people out there who are waging holy wars, they’re spreading misinformation – and they’re spreading misinformation because they have an economic interest in that.”

Nonetheless, third-party interest in the token remains with news this week surfacing that Japan’s biggest bank wishes to use it as the basis for a cross-border remittance service to Brazil.

Multiple financial institutions are currently considering the concept of Ripple-based remittances, with the company’s xRapid payment network also debuting with XRP as its means of exchange.

What do you think about Ripple overtaking Ethereum? Let us know in the comments below!

Images courtesy of Shutterstock, Bitcoinist archives

The post Ripple (XRP) Overtakes Ethereum as Second Biggest Crypto By Market Cap appeared first on Bitcoinist.com.

more info…

You might be interested in …

May 23, 2019

Israeli court recognizes Bitcoin as an Asset

Israeli court recognizes bitcoin as an Asset In order to make bitcoin as a subject of capital gain Tax in Israel, a local court has classified it as a legitimate asset, rather than a hobbyist […]

May 28, 2018

VLUX crowdsale opens 4. Jul 2018

VLUX crowdsale opens 4. Jul 2018 Peter Davies – Founder & CEO Maria McKavanagh – COO Conrad Spiteri – CTO Michael Jary – Mananging Director Steve Foster – CFO Andy Baliou – Lead Blockchain Developer […]

July 7, 2017

FIND PROFITABLE BITCOIN-RELATED PLANS FOR BOTH SMALL AND BIG INVESTORS ON AMBIS

AMBIS, a full-service bitcoin-related trading platform that offers profitable solutions for both small and big investors today, continues to pave a path to sustainable bitcoin investment with a fraction of the time and energy required to be successful.

As a highly sought after cryptocurrency with a value of over $2,400 USD per coin, Bitcoins have solidified themselves as a lucrative investment for any type of entity today.

“With many of today’s conventional diversification vehicles losing their appeal, bitcoin is becoming the number one investment source for people around the world,” said Bradley Gough, Founder and Owner of AMBIS. “AMBIS is the perfect, easy-to-use solution that was curated with a user-friendly interface.”

Notable AMBIS platform features for users include an optimized trading bot capable of delivering great results without human interference, an easy-to-use interface, fast and simple account registration, 24-7 account monitoring of daily earnings, and real-time transparency so users can verify every payment over Blockchain.

Additionally, bitcoin system benefits come with speed, simplicity, security, and live support from the AMBIS team for any type of investor.

“The main bitcoin advantage is that it gives us a possibility to get a real profit in the markets by using our advanced software,” said Mr. Gough.

“I’ve been working with bitcoin and Blockchain since 2011, and with the upcoming completion of bitcoin creation, they are only going to be more highly sought after as the months go on. Spread the word on the availability of our simplistic bitcoin platform, and head on over today to get started with a reputable bitcoin portfolio.”

The AMBIS platform has a short guide available to help site visitors better understand the process of gaining access to their platform.

For more information, visit: https://ambis.biz

Images courtesy of Shutterstock, Ambis

The post FIND PROFITABLE BITCOIN-RELATED PLANS FOR BOTH SMALL AND BIG INVESTORS ON AMBIS appeared first on Bitcoinist.com.