Ripple (XRP) Doesn’t Give Up - Threats Ethereum (ETH) With Dethroning It Again - Ripple News. Tuesday, September 26
Ripple (XRP) doesn’t give up, threats Ethereum (ETH) with dethroning it again
The XRP is rebounding from its bearish trend
A few days ago, the Ripple coin took the crypto community by surprise with his daring attempt to overthrow long-time 2nd largest cryptocurrency by market cap, Ethereum, from its accustomed spot in the ranking. However, it was a short-lived victory that brought a massive sell-off of this crypto asset, erasing around $7 billion from his market capital, and leaving it again with the bronze crown.
Now, the coin is fueling itself to try surpassing the ETH again. According to CoinMarketCap, there was a brief moment when it succeeded – specifically, at 07:44 UTC of today, September 26, when it got ahead of the ETH by barely 166 million. Since then, it has been tailing the coin created by Vitalik Buterin, with around 1 – 1.5 billion dollars distancing the XRP from the Rank 2.
High expectation regarding Coinbase’s recent announcement
Albeit the crypto market in general is recovering from its hangover and currently performing on the green side of the charts, the XRP is – at press time – one of the top 10 cryptocurrencies’ best performers, with a 16.82% in gains over the course of the last 24 hours, and only surpassed by Bitcoin Cash, with a 20.69% recovery in the same time span.
Earlier, TokenTops reported that Coinbase was going to speed up the listing of new crypto assets and tokens, in an effort to provide users with a wider portfolio, but the crypto community has been speculating that among the first batch of new coins to be added, Ripple’s XRP is first in line.
In order for Coinbase to consider a digital currency worthy of its approval and listing to the platform, the token must be one of the best performing virtual assets, and being backed by real, promising projects. Considering that XRP is the 3rd largest crypto asset by market cap, and has been recently a frequent in the headlines due to its xRapid project, it wouldn’t be far-fetched to think that the next coin to be added will be this one.
At the time of writing, the XRP is quoting at $0.5 per unit, and has a market cap of $ 21.4 billion, just 1.1 billion away from ETH’s.
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