Twitter Poll Reveals Most People think XRP Deserves the Number Two Spot in Market Capitalization

2019-2-12 22:40

Ethereum (ETH) just took the second spot from Ripple’s XRP yesterday according to Coin Market Cap (CMC) and has been there since then. However, there may be a chance that XRP will bounce back and take the spot again as has always been.

The two have been competing for the spot since 2018 and there is no telling which will be there and for how long so long as the market volatility continues.

Weiss Ratings in an attempt to know what the crypto community thinks about the situation conducted a Twitter poll for respondents to choose which cryptocurrency they thought deserves to stay on the spot. A staggering 80% of 2,922 respondents voted for XRP while ETH had only 20% saying it deserves to be the second largest cryptocurrency.

#ETH has shot past #XRP recently. However, the market hasn’t yet made up its mind on who’s no.2, so it’s an ongoing struggle. What do you think – which crypto deserves the second spot – ETH or XRP? #ethereum #btc #altcoins

— Weiss Ratings (@WeissRatings) February 11, 2019

While many may find this surprising, Ripple actually has many supporters who think CMC does not calculate XRP Circulating Supply accurately. They make reference to websites like Forbes which show XRP market cap at $30 billion.

That is a big difference from CMC’s $12 billion. Some of Ripple’s fans believe the difference comes when CMC calculates all BTC and ETH ever mined in the market cap but doesn’t do same for XRP and so argue that XRP should actually be the number one cryptocurrency and BTC second, so the poll was invalid to start with.

Ripple is basically a remittance-based blockchain project. Its token XRP is used to provide liquidity for payment settlement around the world with hundreds of institutional customers around the world according to the company, although this fact is being contested.

The wide patronage Ripple’s payment platform enjoys may validate the argument that it should be the number one cryptocurrency by now.

Ethereum, on the other hand, is a hub for smart contracts and dapps, which a recent report reveals only 10% are being used daily. This further strengthens the argument that ETH should not even be close to XRP as it has nothing to offer while Ripple has a product, and the argument continues. The question is which of the websites provides the correct market cap information? Those in favor of XRP or CMC that favors ETH?

The post Twitter Poll Reveals Most People think XRP Deserves the Number Two Spot in Market Capitalization appeared first on ZyCrypto.

origin »

Ripple (XRP) íà Currencies.ru

$ 2.1156 (-0.53%)
Îáúåì 24H $5.888b
Èçìåíåèÿ 24h: 5.24 %, 7d: -8.38 %
Cåãîäíÿ L: $2.0147 - H: $2.1391
Êàïèòàëèçàöèÿ $121.459b Rank 4
Öåíà â ÷àñ íîâîñòè $ 0.3044 (595.01%)

spot xrp two market twitter capitalization people

Èñòî÷íèê: zycrypto.com

spot xrp → Ðåçóëüòàòîâ: 57


EOS Makes Way for Litecoin to Get One Step Closer to XRP

“The year of overthrow” would certainly be an accurate theme that describes this year’s market pattern as more and more tokens are beginning to lose their spot to their closest rival. While the cryptocurrency market has always been a game of “survival of the fittest”, tokens are switching positions in on a rather speedier pace […] The post EOS Makes Way for Litecoin to Get One Step Closer to XRP appeared first on ZyCrypto.

2019-2-11 12:03


Ripple’s XRP Skyrockets Following Swift’s Collaboration with R3

XRP has continued to show itself less likely to evacuate the second spot with its most recent performance. The token has just seen an impressive increase in both its trading volume, market capitalization and trading price all in a time frame of fewer than five hours and this can be credited to Swift’s most recent […] The post Ripple’s XRP Skyrockets Following Swift’s Collaboration with R3 appeared first on ZyCrypto.

2019-1-30 20:46


Newsflash: XRP swept under the carpet, as Ethereum (ETH) regains the second spot

Some traders have only just begun laying out their trading plans for the new year, but with cryptocurrency coins and tokens, it seems their plans of overtaking are already in motion. With a head to head battle that had been running since the past 24hrs, Ethereum’s Ether has managed to stabilize in trading volume as […] The post Newsflash: XRP swept under the carpet, as Ethereum (ETH) regains the second spot appeared first on ZyCrypto.

2019-1-2 11:17


Ôîòî:

XRP’s Surge: Justin Sun Believes It is A Sign that Financial Institutions Will Adopt Blockchain

The crypto trading community is in awe over the performance of XRP in the markets over the last few days. The digital asset started a slow rise to the top at $0.274 on the 17th of Septmber only for it to sprint and edge out Ethereum from the number 2 spot yesterday and according to […] The post XRP’s Surge: Justin Sun Believes It is A Sign that Financial Institutions Will Adopt Blockchain appeared first on Ethereum World News.

2018-9-22 11:13


äàëüøå åùå 8 íîâîñòåé →

Ïàðòíåðû Currencies.ru



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

“XRP Trading Is on Fire” Asserts Billion-Dollar Crypto Brokerage Firm’s Executive

XRP continued its sluggish trading trend as the weekend approached, dampening hopes of a Santa Claus rally this December amid a broader crypto market pullback led by Bitcoin. However, it’s worth noting that the crypto asset experienced a historic surge last month, skyrocketing over 470% in November and reaching $2.89, a level not seen in […]