RATE Group | XRP in bullish mode; Ethereum [ETH]’s failed ICO projects become cause for demotion?
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XRP in bullish mode; Ethereum [ETH]’s failed ICO projects become cause for demotion?

19 Dec XRP in bullish mode; Ethereum [ETH]’s failed ICO projects become cause for demotion?

Posted at 17:45h in Ethereum News by

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The cryptocurrency market has received the blessings from the bull-lord and looks ready to make strides and rally upwards. During the topsy-turvy ride of the coins across the board, many re-arrangements took place as the market kept switching allegiance between the bull and the bear. A major change also took place when XRP replaced Ethereum [ETH] to become the second largest cryptocurrency in the world.

In the month of November, Ethereum saw a steep decline in its performance as several ICO projects involving ERC20 tokens that had raised capital in ETH faced a sell-off. This brought a severe downturn on the Ether charts and gave XRP the edge it required to overpower Ethereum.

At the time of writing, XRP was one of the top three gainers on the cryptocurrency index and had soared by 15.7%. The token was trading at a bullish price of $0.38 with a market cap of $15.82 billion. Here, its total trade volume in the past 24-hours was recorded at over $1 billion.

XRP 1-day price chart | Source: Live Coin Watch

XRP 1-day price chart |…

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