It’s always a battle for dominance. Bitcoin is the lead commanding 56.9 percent of the total market share while Ethereum (ETH) follows closely at 10.9 percent as Ripple (XRP) trails with a share of 6.82 percent. Because of this, it appears that crypto traders–were they to invest in any liquid altcoin, would over and above everything settle for Ethereum (ETH) over Ripple (XRP).
But there is nothing to take away from Ripple. After a five-month lull, XRP is one of the top performing digital assets in the top-10, competing with the likes of Ethereum and Stellar Lumens. Although banks are yet to fully embrace Ripple’s xRapid, of the three key solutions fronted by Ripple Inc, most financial institutions are choosing xCurrent which has an option of allowing automatic upgrade to version—4, which is again subject to a technical adjustment in the bank’s hardware. But even so, XRP is striving and the recent decision of Coinbase pro to allow XRP trading in the stringent state of New York is massive for the coin. Regardless, investors still prefer Ethereum over XRP.