News XRP Price Status Quo can let Ethereum Reclaim the...

XRP Price Status Quo can let Ethereum Reclaim the #2 Market Spot Again

-

- Advertisment -

XRP Price Status Quo can let Ethereum Reclaim the #2 Market Spot Again

The fact that Bitcoin hasn’t capitulated yet is quite an impressive milestone in its own regard. Because of this ongoing trend, alternative markets are rising in value accordingly. The XRP price is not budging all that much, though, and it seems likely it will drop back to #3 in the market cap rankings fairly soon.

XRP Price Remains at a Standstill

Positive Bitcoin price momentum usually bodes well for alternative currencies. In the cryptocurrency world, that is usually the unwritten rule. This weekend has proven that is not necessarily always the case. Several markets lose value in Bitcoin or fail to note any real gains of their own. XRP is, surprisingly, one of those markets which simply needs to catch its breath.

Although today will not be a repeat of yesterday, the Bitcoin value is still rising. Over the past few months, that has proven to be problematic for XRP. With a 0% change in USD value and a 1.53% loss over Bitcoin, it appears Ripple’s native asset isn’t moving much. It also lost the $0.31 level again. At this rate, Ethereum will reclaim the second spot in market cap rankings without much effort.

It would appear a few interesting developments have taken place behind the scenes of XRP once again. Supaahiro decided to set up an XRP ledger validator, a process which is seemingly pretty straightforward. As such, this new validator is now live on the network and can be used by anyone without too many problems. More validators will lead to even further decentralization of this ledger over time.

Secondly, one of the peer-to-peer services using XRP – alongside other major cryptocurrencies – is planning to expand to 20 additional countries soon. XCh4nge is quite intent on bringing its supported currencies to the masses in this regard. Although this may not impact the price all that much, it is still a noteworthy development to take into account.

When gauging the overall XRP sentiment, it would appear there is still positivity in bunches. Barry Curley is convinced XRP will see success “eventually”, although it is difficult to pinpoint an exact date. For other assets, tokens, and currencies, success is all but guaranteed at this point. The coming years will undoubtedly prove very interesting for many different reasons.

Although the price doesn’t necessarily reflect it, there is absolutely nothing wrong with XRP in its current state. Community members remain excited and services offering exposure to XRP are expanding in an aggressive manner. That is all one can ask for at this time. None of this will seemingly impact the value per XRP, but building the ecosystem for the future is still valuable.


Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

Image(s): Shutterstock.com



Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Spain approves Crypto Holdings disclosure bill from cryptocurrency holders

Spain approves Crypto Holdings disclosure bill from cryptocurrency holders. Spain's government has reportedly approved...

CryptoTaxCalculator Partners With CoinSpot

Australia’s leading cryptocurrency exchange CoinSpot has partnered with Australian made CryptoTaxCalculator to help users deal with the...

Will Cryptocurrency Survive in 2021?

The million dollar question: ''Will Cryptocurrency Survive in 2021''? Should you keep investing?

How to make money on COVID-19

It's no secret that many people lost their jobs and a lot of money as a result...
- Advertisement -

Is Bitcoin Still the Best Cryptocurrency?

Since Bitcoin’s meteoric rise in popularity, a lot has changed within the crypto market. While Bitcoin was...

7 Of The World’s Most Powerful Banks Are Preparing a New digital Currency

Systemic central banks' interest in cryptocurrencies is nothing new, however, the COVID19 pandemic and increasing mobility from...

Must read

Spain approves Crypto Holdings disclosure bill from cryptocurrency holders

Spain approves Crypto Holdings disclosure bill from...

CryptoTaxCalculator Partners With CoinSpot

Australia’s leading cryptocurrency exchange CoinSpot has partnered...
- Advertisement -

Read Next
Recommended to you