The past few weeks in the crypto space have been exhausting. With peaks and troughs day in day out, and the market crashing, before going up again and eventually seeing XRP surpass Ethereum to be the second biggest cryptocurrency in the space, it’s been a hectic few weeks. Even if we take a look at Bitcoin we can see that the leading crypto sunk to such a low as $5,200 over this past month.
Ripple has been constantly claiming that XRP has nothing to do with the company but the fact is, is that there is a direct link between the two. Whatever happens to Ripple will have a domino effect for XRP, especially with over half the supply being held by the company. Positive developments for both the firm and its token have made XRP one of the few digital currencies to make a few gains over this past month. It has actually made over a ten percent increase over the past month while Bitcoin and Ethereum have dropped 14% 16% respectively.
With these gains, XRP was able to jump over the $20 billion market capitalisation and into second place as Ethereum continues to dip. Crypto fans on Twitter have been talking about the so-called ‘flippening’ today as the notion of XRP catching up with Bitcoin becomes more and more realistic. Nevertheless, it still has a long way to go however with a market cap gap of over $75 billion and many people are jokingly commenting on the matter.
One such Twitter user said this:
Even Ran NeuNer has mentioned the recent hash war between the different team over at Bitcoin Cash saying:
“These hash wars highlight why everyone should dump BTC and BCH and just put all their money into XRP!”
What are your thoughts? Let us know what you think down below in the comments!