XRP has been performing tremendously over the past weeks and has been the most talked about Cryptocurrency, this buzz was early due to the announcement of the launch of its new product, xRapid which already has about 10 companies like Moneygram, Western Union and others, that all joined in it’s beta testing phase.
Ripple’s products like the Xcurrent is been used in more than 120 banks to monitor the transaction positions among the banks that had adopted it. It’s scope to register at least one financial institution every week is gaining group irrespective of the fact that other blockchains like Stellar Lumen blockchain has the same mission of reaching the locations with the unbanked people in the world.
In less than 2 weeks XRP Has overtaken Ethereum thrice in Market Capitalization and is currently at $24 billion and Price at $0.6 as at the time of writing, Ripple XRP is seriously competing with Ethereum ETH and might soon take over the second spot fully if this XRP Buzz trend Continues.
XRP Has seen huge increase in just a short while and has even received congratulatory messages from Popular Personalities in the Crypto sphere, one coming from Tron founder justin sun who congratulated the Ripple team and said
XRP surge shows PNC Bank’s recognition of the Ripple protocol. With Bill Clinton keynoting Swell 2018, blockchain is going mainstream! As Ripple’s Greater China Chief Rep from 2014-16 and a Ripple shareholder, I’m confident financial institutions will adopt blockchain. #TRON $TRX
Ethereum on the other hand has been in the bearish Movement since the past months majorly following the price movement of Bitcoin BTC which has been maintaining kind of a ‘no bull no bear’ stance or rather let’s say Organic growth which is much more better for stabilization to be realised.
There have been flowing Predictions that Ethereum might soon be heading for the bullish train with one of the predictions coming from Analyst tom lee who has asserted that Ethereum Could rally by over 700% to hit $1900 in 2019.
What Do You Think Of This Ethereum And XRP Spot Battle ? Will XRP Fully take Over the number 2 spot in Market Capitalization? Let Me know what you think in the Comments below.