In what is turning out to be a closely fought battle, Ripple’s XRP is once again within spitting distance of dislodging Ethereum from its position as the number two cryptocurrency by market cap, having briefly achieved the feat last week and again earlier today.
Ethereum Price Analysis: Fresh Upside Break $260 On The Cards
Tuesday May 21, 2019
Ethereum price surged higher towards the $280 level and recently corrected lower against the US Dollar. ETH declined below the $250 support level and tested the next important support near $220-225. There is a major bullish trend line in place with support at $240 on the 4-hours chart (data feed from Coinbase). The price is […]
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Fight for 2nd Place
Bitcoin is the undisputed king of cryptocurrencies with its dominance fluctuating between 32% to 55% over the last year and a half. Ethereum has enjoyed a happy and secure second place spot. Last year, as Ethereum quickly gathered momentum, people started talking about the possibility of a “flippening,” with Ethereum replacing bitcoin in the long term.
What not even the expert investors and traders had expected was the flippening that took place last week after the sudden surge in Ripple’s price. While XRP was in second place for only a brief period of time before dropping back into third place, it has since been narrowing the gap.
According to popular market aggregator CoinMarketCap, at press time the difference between the market caps of the two cryptocurrencies was less than 3%. At the time of writing Ethereum’s market cap stands at $23.87 billion with XRP following close behind at $23.31.
USGA’s GPS Service Helped Reduce Golf Course Water Costs by 30 Percent
Tuesday April 23, 2019
The United States Golf Association created a GPS service in the summer of 2014 to help courses track golfer movements in order to improve pace of play. Knowing how long rounds actually took and what holes were bottlenecks helped inform a better assignment of tee times. At the 2018 PGA Merchandise Show, golf course architect
The post USGA’s GPS Service Helped Reduce Golf Course Water Costs by 30 Percent appeared first on W88.
Reasons for the Drop in Ethereum’s Price
Since August 1, 2018, Ethereum has seen its value decline by more than 44% – more than any other Top 10 cryptocurrency on CoinMarketCap. So what led to such a drastic price drop?
Ethereum, a second generation blockchain, saw good price action last year due to an increased demand, being used as a medium to purchase tokens in ICO sales. A slowdown in the market this year has been a dampener, and the need of the token has dropped.
In addition, projects which were holding ETH collected from their ICO sales, saw their overall market cap plunging and value of the token dropping far below their launch price. Panic set in and projects started dumping their ETH holdings on exchanges, fearing further decline.
What Caused Ripple’s Bull Run?
In contrast, XRP has actually increased in price by more than 30% since August 1, no doubt due in large part to the spate of positive developments over the last few weeks. After announcing the launch of its xRapid solution, the market cap jumped from $ 10.9 billion to more than double in just 3 days.
The addition of some big names like PNC Bank to RippleNet added momentum to the upward price action. The price, after a short breather and consolidation, continues to move upwards. If the momentum continues, XRP will once again climb to the second spot on CoinMarketCap.
Whether Ripple can permanently dislodge Ethereum from its number two place, however, depends on how fast it can onboard more banks to its growing list of customers and the adoption of its recently announced xRapid offering. Ethereum, on the other hand, should accelerate to resolve the scalability issue if it is to maintain its position at number two.
Do you think that XRP can permanently displace ETH from the second place? Let us know in the comments below.
Lifetime’s ‘Christmas Around the Corner’ Movie: Cast, Where Filmed, & Discussion
Friday December 14, 2018
Tonight, Lifetime is premiering a brand new original Christmas movie called Christmas Around the Corner. The movie stars Alexandra Breckenridge and Jamie Spilchuk. Read on to learn about the cast in the movie, including the cast and where it was filmed. After you’ve seen the movie, let us and other viewers know what you thought about […]
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Images courtesy of PxHere, Shutterstock
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