Ripple reached a new high and replaced Ethereum by market cap

03.01.2018 / 14:00

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Developments in South Korea over the past two weeks have prompted a decline in most of the Crypto currencies, except for Ripple, which has succeeded in shifting Ethereum from second-place market capitalization. The main reason for Ripple to rise while the rest fall is to conduct a number of studies from major financial institutions, including American Express and Santander. The price of XRP was also helped by the partnership between SBI Holdings and SBI Ripple Asia with Japanese credit card companies using the currency.

On the other hand, the market already exists and the feeling that a large number of Crypto investors are looking for an alternative to Bitcoin and transfer funds to the so-called altcoin group (alternative crypto currencies), which is also Ripple.

Source: Bloomberg Pro Terminal

Jr Trader Petar Milanov

Varchev Traders

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Ripple reached a new high and replaced Ethereum by market cap

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