All ICOICO statsRatingReviewsBlogNews Wallets Mining Exchanges Chart Events
Join

Ripple (XRP) Surpasses Ethereum (ETH) For A Third Time - Ripple (XRP) News. Sunday, September 30

30 september 2018, 18:59 by Jesús S. Affigne

Ripple (XRP) supasses Ethereum (ETH) for a third time

Once again, Ripple (XRP) has gathered enough momentum to boost itself across this cryptocurrency race and position itself as the second largest cryptocurrency by market cap, leaving Ethereum (ETH) with a dusty flavor in its mouth.

According to the charts, both cryptocurrencies have been performing on the green side today, September 30, with the ETH above the XRP by just $1 billion difference in their respective market capitalization. But as we reached 10:59 UTC, the latter gained enough momentum to overcome that difference and kick ETH out of the rank 2 for the third time in this month.

At press time, the XRP is barely sustaining its silver crown with a market cap of $24.31 billion that represents an 8.08% gain over the course of the last 24 hours, while Ethereum’s is of $24.21 billion, accounting for a 2.64% surge in the same time span. Last time, Ripple held the 2nd spot for about 4 hour.

XRP/USD Price Chart/Market Capitalization, Sunday September 30th:

Ripple (XRP) Market Capitalization, Price Chart, September 30

ETH/USD Price Chart/Market Capitalization, Sunday September 30th:

ETH/USD Market Capitalization Price Chart, September 30

Ripple proving to have use value

This frenetic rally towards the skies seems to be backed up by a series of Ripple-related announcements made in the second half of Septemeber, with the catalyst being the possible launch of their new cross-border payment solution, xRapid, at some point in October. The hype around this new product by Ripple seems to originate from the promise of revolutionizing the way transactions made overseas are carried out, with near-instant, seamless transfers of funds from one financial institution to another, representing a big upgrade from their current product, xCurrent.

And it seems that the financial sector is buying these news, for several important banking entities and other financial institutions around the world has boarded the Ripple train. Furthermore, yesterday it was announced that Ripple is leading a coalition of several fintechs and crypto-related businesses to promote a more favorable legal environment for the development of the crypto ecosystem.

Follow TokenTops on Twitter to stay notified about new articles, cryptocurrency news, ICO announcements and price predictions and analysis.

Legal Disclaimer: Please remember that trading, buying or any other type of investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decisions. Neither tokentops.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from tokentops.com. We believe that everyone should make their own and in depth research on the particular topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, analytical skills, experts and community discussions and is intended to convey general information only.

You may also like

Comments

Write comment 0 comments

You need to login to create comments.

Get the week’s best ICO right in your inbox