Earlier today Ripple actually did officially steal the #2 spot on Coinmarketcap for a brief period of time - at the high Ripple's total market cap was about $26 billion, leaving a $3 billion gap between them and Ethereum when XRP bumped Ether down to #3 at around $23 billion.
As the day progressed though, it appears some XRP investors decided it was a good time to take a profit and sold some tokens - while Ethereum investors appear to have to held firm or buy more.
At the time of publishing - there's barely $1 billion separating them, with Ethereum at $23,269,161,168 and XRP at $22,560,661,106.
Ripple's rise this week comes from two front - the first a rumor that xRapid payment platform is ready to launch, and a confirmed report that PNC Bank will use RippleNet to process international payments.
Ethereum on the other hand, has had probably it's roughest month yet. With critics saying it's over, and it's developers and supporters saying Ethereum 2.0 is coming, and when it does - Ethereum will rise again.
Author: Ross Davis
E-Mail: Ross@GlobalCryptoPress.com Twitter:@RossFM
San Francisco News Desk
