Ripple (XRP) Reclaims Second Spot Just Before Beginning Of The Next Rally

Ripple (XRP) is once again the second largest coin by market cap. The past few weeks have been somewhat bullish for Ethereum (ETH) due to the hype surrounding its upcoming hard fork. This was what resulted in Ethereum (ETH) cutting XRP/USD to size after allowing it to remain on the second spot for weeks. However, soon after the hard fork delay, we have seen ETH/USD decline and now Ripple (XRP) seems to be in a better position to continue to remain as the second largest coin by market capitalization. The compound effect of the growing number of partnerships and upcoming announcements cannot be downplayed. In fact, these factors are so strong that some analysts believe Ripple (XRP) might even surpass Bitcoin (BTC) in market cap.

Such a statement would have appeared ridiculous a few months back but today in light of all the developments in the cryptocurrency space as well as global markets has convinced many that this could be a possibility. The fact that financial intuitions with billions of dollars in assets under management are cozying up to Ripple for XRP adoption and use is a strong reason that Ripple (XRP) might reach a double digit price in the months and years ahead. Even if Ripple (XRP) does not succeed in surpassing Bitcoin (BTC), it is still very likely to retain second spot in terms of market cap. While Bitcoin (BTC) is considered to be digital gold in the crypto community and outside, Ripple (XRP) could soon become digital money. This is helped by the fact that XRP transactions are a lot cheaper and faster than that of Bitcoin (BTC) or Ethereum (ETH).

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The post Ripple (XRP) Reclaims Second Spot Just Before Beginning Of The Next Rally appeared first on BlockBoard.

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