Ripple Passes Ethereum to Claim Number 2 Ranking on CoinMarketCap

Altcoin Ripple (XRP), which has seen an explosive amount of growth over the past week, has overtaken Ethereum (ETH) to be ranked number two by total market capitalization on CoinMarketCap.

As of press time, Ripple has a listed market cap of around $26 billion, even as Ethereum — now in third on CoinMarketCap — has round $23 billion in marketplace cap. Bitcoin (BTC) is still ranked primary, with a marketplace cap of around $a hundred and fifteen billion.

Ripple has seen unprecedented one hundred forty percent boom on the week, up nearly eighty percentage on the day by myself, to alternate at round $zero.65 via press time.

Ripple weekly price chart

Ripple weekly price chart. Source: Cointelegraph Ripple Price Index

At the beginning of this week, Ripple executives hinted that its xRapid payment platform solution should quickly be releasedalso this week, percent, a pinnacle ten U.S. financial institutionintroduced that it’d use RippleNet to procedure global billsfor its clients.

Over a 24 hour durationgeneral marketplace capitalization of the crypto markets has won round $26 billion dollars, with general market cap currently round $228 billion by means of press time.

Daily total market capitalization

Daily total market capitalization. Source: CoinMarketCap

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