Ethereum exceeds Ripple in the cryptocurrency ranking. ETH returns to be the second most capitalized cryptocurrency.
Ethereum has passed theXRP di Ripple in the ranking of cryptocurrencies with the highest capitalization. This is a particularly significant event and ... at least for a couple of reasons, the first of which is that at some point XRP had itself passed Ethereum as a second cryptocurrency by market capitalization.
Given that this overcoming did not last long, in reality overtaking has meant that many people saw the prospects of XRP in a different way and saw it as one of the most promising new cryptographic resources in the world.
At the time of writing, many cryptocurrencies have been able to price relative peaks in the last week. Bitcoin, for example, has fallen to $ 3.400 in recent weeks, but is now trading over $ 3.600. Analysts believe the 3.800 dollar threshold may be feasible by the end of the month.
However, Bitcoin is not unique in its attempt at "rebirth". At the moment, in fact, Ethereum has managed to climb about three percent in the last 24 hours and is now traded for around 120 dollars per token. Litecoin also recorded further 10% gains following the news of a network update at the end of last week.
The analyst Mati Greenspan specified in this sense that the trend in cryptocurrency prices in the last week has been encouraging, with Litecoin recording an impressive price increase of around 40%, although it is important to remember that we are not yet out of the market bearish. While some might argue that the bears are weakening, Bitcoin seems to need a strong breakout above the psychological level of $ 5.000 "before the bulls can really sharpen their horns".
But why did Ethereum so strongly come to the fore? One of the significant facts surrounding the sudden jump in Ethereum is that many Ethereum-based applications remain largely unused. Meanwhile, a new report suggests that 1.300 decentralized applications (dApp) built through the Ethereum network, about 86% has practically no user. Furthermore, he states that only about 7% of the Ethereum dApp has had transactional volumes in the last 24 hours.
