It has become more apparent today will not necessarily be a positive day for most cryptocurrencies, tokens, and digital assets. Especially for the top markets, the pressure is intensifying at an alarming pace right now. One interesting development is how XRP overtook Ethereum in market cap once again, even though both markets are hemorrhaging value right now. A very intriguing situation ensues.
It is not necessarily all that common to see financial markets lose value yet still overtake some “competitors” in terms of value. In the cryptocurrency world, developments like these tend to happen a lot more often than most people tend to realize. Today is a more than interesting example in this regard, as XRP overtook Ethereum in market cap again despite losing a lot of value in the past few hours.