It has been a brutal afternoon and evening for all crypto markets. Bitcoin’s massive losses pushed all other currencies even deeper in the red, which is never a pleasant sight to behold. One noteworthy shift is how XRP has overtaken Ethereum in terms of market cap again. Although this may not last long, XRP’s losses are lower than Ethereum’s in the past few hours.
It has been brewing for quite some time now, but things are heating up in the cryptocurrency market cap department. More specifically, there has been a very real chance XRP would overtake Ethereum in terms of total valuation. This has happened multiple times in the past few weeks, although Ethereum also comes out on top. While this time around may not be any different, the event keeps repeating itself regardless.