Altcoin News
Ripple (XRP) Remains #2 For 11 Days: Starting To Get Comfortable

Ripple (XRP) is in the latest crypto news on our site, this time for extending its stretch on the position #2 as the second largest cryptocurrency by market cap and the first altcoin behind Bitcoin.
XRP has held its ranking for 11 days now, which is the longest period for the altcoin at the number two position since the 13-day rally which took place from January 26th to February 8th 2016.
After overtaking Ether (ETH) which is Ethereum‘s native token and the long-reigning number two asset, Ripple has a greater dominance rate which recently reached a 45-week high of 12.74%. Currently, Bitcoin’s dominance rate is 53.9% while the rate of Ether is 9%.
Since XRP began its market share uptick less than two weeks ago, the broader cryptocurrency market witnessed a major sell-off, losing around $90 billion and 40% of its total market cap to date.
Despite XRP’s advance in the market cap ranks, ETH has recorded a greater trading volume as of lately. In the past 24 hours alone, its exchange volume of $2.47 billion almost doubled XRP’s $1.3 billion.
Ripple and Ethereum’s tokens have reported 22% and 37% losses during the past 11 days, while Bitcoin is down 32%, all of which are factors that are resulting in the change of positions lately.
This is another solid indicator that the battle for the second place is not over yet.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com
Altcoin News
Crypto Market Adds $8 Billion But Litecoin Is Struggling To Gain Momentum
Altcoin News
Crypto Market Adds $10 Billion, Currently With $134bn. In Circulation
Altcoin News
EOS Skyrockets By 30% In 24 Hours: How Far Can This Altcoin Go?
Altcoin News
Ethereum Price Increases By 13% Overnight, Is The Market In For Recovery?
“We’ve had some bullish moves on ETH, BTC, and altcoins over the last 2 weeks. Is the bear market over? Maybe, the fact of the matter is we are going up. Traders must see PA for what it is and can change bias quickly. If you have been stuck with a bearish lense you are missing out.’’Over the past few months, Bitcoin and the other cryptocurrencies show similar movements. BTC showed weeks of stability but it later plunged by 10 percent. However, the current stability is not a guarantee for improved future performance. The crypto market shows a period of stability for the past couple of weeks. Ethereum made gains during today’s trading session. After the 12 percent surge in the price of ETH, crypto trader DonAlt said:
“Well, this is a proper moon. Not a big liquid spike but rather a nice controlled walk up. Didn’t expect quite this much action into the weekend but I’m not complaining. ETH as the top gainer on BitMEX. Right at resistance here – will be interesting if it can break through or not.”
-
Altcoin News5 days ago
Bloomberg Editor: JPMorgan’s Cryptocurrency Will ‘Obliterate’ Ripple
-
Bitcoin News3 days ago
Bitcoin Is Closer To A First Positive Month Since July 2018
-
Regulation4 days ago
New Blockchain Framework Bill Passed Into Law In Luxembourg
-
Altcoin News4 days ago
Norwegian Anarcho-Capitalist City Adopts Crypto As Official Medium Of Exchange
-
Altcoin News3 days ago
ETH-Based Maker (MKR) Outperforms In February With 37% Gains
-
Bitcoin News5 days ago
Is It About Time Millennials Invest All-In On Bitcoin: Investor Talk
-
Regulation3 days ago
SEC’s ‘ICO Guide’ With A Gloomy Outlook For Cryptocurrency In 2019
-
Altcoin News3 days ago
Top Cryptocurrencies See Green, Ending Week With A Positive Action