26 Sep Ripple Briefly Overtakes Ethereum Again to Become Largest Altcoin By Market Cap
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Ripple (XRP) has briefly surpassed the market cap of Ethereum (ETH) for the second time in a week Wednesday, September 26, once again temporarily becoming the second largest cryptocurrency by market cap.
Data from CoinMarketCap shows that XRP is now again ranked third with gains of 22 percent over a 24 hour period, with ETH in the second highest spot for market cap with gains around 3 percent by press time.
XRP last outperformed ETH on September 21, only to lose its number two spot shortly afterwards as both assets saw price corrections following sudden upticks.
On social media, cryptocurrency traders and commentators reacted buoyantly to the fresh reshifting in the crypto top ten.
ETH currently has a market cap of around $22.1 billion at press time, with XRP showing around $200,000 less with a market cap of $21.9 billion.
Ripple had hinted its xRapid payment system would shortly go live this month, an event which appeared to precipitate XRP’s rise as xRapid would feature the token as…
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